WHAT IS THE “EX-DIVIDEND” STOCK DATE?
By Staff Reporters
DEFINITION: Occurs when dividends are declared by a company’s board of directors, they are payable on a certain date (“payable date”) to shareholders recorded on the company’s books as of a stated earlier date (“record date”).
Purchasers of the stock on or after the record date are not entitled to receive the recently declared dividend, so the ex-dividend date is the number of days it takes to settle a trade before the record date (currently three business days). A stock’s price on its ex-dividend date appears in the newspaper with an X beside it.
CITE: https://www.r2library.com/Resource/Title/082610254
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Filed under: Financial Planning, Investing | Tagged: dividend paying stocks, dividends, ex-dividend date | 5 Comments »














