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Investing Glossary:
Ex-Dividend
Copyright 2009,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
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| The day when the Dividend is subtracted from the price of a stock. The Ex-Dividend date is the date On which this takes place. Investors who own the Stock are paid their dividend on that date. Investors who are Short the stock must pay the dividend on that date. This literally means "without dividend." The buyer of Shares when they are quoted ex-dividend is not entitled to receive a declared dividend. It is the interval between the Record date and the Payment date during which the stock trades Without its dividend-the buyer of a stock selling ex-dividend does not receive the recently declared dividend. Antithesis of Cum dividend (with dividend).
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