How do dividend dates actually work on the NGX simulator?

To capture a dividend payout on the NGX, the critical threshold isn't the payment date itself, but rather the "qualification date," commonly known as the closure of register. You simply need to hold the stock in your portfolio at the end of trading on the "T-1" day preceding that closure; selling on or after the ex-dividend date still leaves you fully eligible for the distribution. Since this is a simulation, testing these mechanics with UCAP is a low-risk way to observe how cash balances and stock prices adjust during the ex-dividend markdown without exposing actual capital to settlement lags.