Timing of shareholder recording?

At what time are shareholders of record recorded?

For dividends, Shareholders of record on oct 15, for example. Does this mean I can buy till 8pm on the 15th and recieve the dividend? I dont think it is a strict 4pm line. I saw one company specify a 5pm cut off time.

Im assuming any time that day unless specified.

Can someone post a link if they can find it.
 
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