Ex Dividend

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Related to Ex-dividend date: Record date

Ex Dividend

A phrase used by stockbrokers that denotes that a stock is sold without the purchaser receiving the right to own its recently declared dividend which has not yet been paid to the stockholders.

The seller of a stock sold ex dividend retains the right to receive payment of the declared dividend. The purchaser of such a stock usually buys it at a price that is reduced by the amount of the dividend to be paid to the seller.

References in periodicals archive ?
As a result, shareholders who sell their shares prior to the March 27, 2012, ex-dividend date will also be selling their right to receive the special dividend.
In the new release, Brooke Corporation Announces Quarterly Dividend, issued earlier today by Brooke Corporation over PR Newswire, we are advised by the company that the first paragraph, second sentence should read "Orr noted that this dividend will be paid on November 10, 2003, to the shareholders of record as of November 3, 2003, with an ex-dividend date of October 30, 2003" rather than ".
A dividend will be payable on October 12, 2007 to stockholders of record on September 28, 2007; the ex-dividend date with respect to such dividend will be September 26, 2007.
Additionally, the Ex-dividend date in October should be October 15, 2003 rather than October 16, 2003 as originally issued inadvertently.
A dividend will be payable on April 13, 2007 to stockholders of record on March 30, 2007; the ex-dividend date with respect to such dividend will be March 28, 2007.
announced that pursuant to the declaration made by the Company on April 1, 2003 regarding the dividend payment, the ex-dividend date on the American Stock Exchange is April 10, 2003.
33 per share, the net asset value (NAV) on the ex-dividend date.
No Ordinary Share transfers between the Company's US and Israeli registers will be permitted from December 23, 2005 through and including December 29, 2005, in order to avoid any confusion that may result from the different ex-dividend dates on the American Stock Exchange and the Tel Aviv Stock Exchange.
No Ordinary Share transfers between the Company's US and Israeli registers will be permitted from August 26, 2005 through and including August 31, 2005, in order to avoid any confusion that may result from the different ex-dividend dates on the American Stock Exchange and the Tel Aviv Stock Exchange.