Still confused': I sold $80,000 in shares on June 30, so why didn't I receive my dividend?

A retail investor asked why a planned monthly dividend did not arrive after selling $80,000 worth of Vanguard Short-Term Corporate Bond Index Fund Admiral Shares on June 30. The investor said they expected a dividend of about $300 but received only the proceeds credited to a money-market settlement fund, and Vanguard told them they needed to wait until after the ex-dividend date. The explanation focused on the ex-dividend, record, and declaration dates that govern dividend eligibility. The ex-dividend date is typically the first day shares trade without entitlement to the upcoming dividend, and if shares are sold before it, the buyer receives the dividend. Vanguard’s guidance suggests the ex-dividend date was likely July 1 rather than June 30, meaning the dividend right transferred to the buyer. On the ex-dividend date, the fund’s share price typically drops by roughly the declared dividend value.