Dictionary

ex dividend en · ADJ

Meanings

1. (not-comparable) Of a declared dividend, belonging to the seller rather than the buyer.
   • With respect to the cash dividend on the preferred stock, the Exchange fixed an ex-dividend date of May 1, 1975 (the ex-dividend date). 1985, U.S. Tax Cases, volume 84, number 2, page 72:
   • The ex-dividend date is three business days before the record date. Ex-dividend means without the dividend. The ex-dividend date convention assigns the dividend to the buyer or seller as follows: A buyer in a transaction that occurs before the ex-dividend date is entitled to receive the dividend and the seller is not; a seller in a transaction that occurs on or after the ex-dividend date is entitled to keep the dividend. 2007, Robert W. Hamilton, Attorney's Guide to Business and Finance Fundamentals, page 278:

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