Payment Date

The date on which a declared stock dividend is scheduled to be paid.

Investopedia Says:
Only those shareholders who bought the stock before the ex-dividend date receive the dividend on the date of payment (payable date).

Related Links:
Understanding the dates of the dividend payout process can be tricky. We clear up the confusion. Declaration, Ex-dividend And Record Date Defined

1. Date specified in a bond indenture as the interest payment date or interest and principal payment date for a series of bonds.

2. Designated Value Date where funds are transferred by prior arrangement, for example, a payroll or Social Security Direct Deposit.