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Ex Dividend |
Also found in: Financial, Wikipedia | 0.03 sec. |
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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. |
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? References in periodicals archive |
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Please note: Stock exchanges typically set the ex-dividend date two business days before the shareholder-of-record date. A dividend will be payable on January 12, 2007 to stockholders of record on December 29, 2006; the ex-dividend date with respect to such dividend will be December 27, 2006. A dividend will be payable on October 13, 2006 to stockholders of record on September 29, 2006; the ex-dividend date with respect to such dividend will be September 27, 2006. |
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Ex-dividend date
