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GLOSSARY: Enter search term:
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Glossary Term: EX-DIVIDEND

Definition(s) for EX-DIVIDEND:


1. ) used to refer to a stock no longer carrying the right to the next dividend payment because the settlement date occurs after the record date. A stock trading dividend is noted in stock transaction tables by the symbol x in the volume column.

2. ) A synonym for without dividend. The buyer of an ex-dividend stock is not entitled to the next dividend payment. Dividends are paid on a set date to all those shareholders recorded on the books of the company as of a previous date of record.For example, a dividend may be declared as payable to stockholders of record on a given Friday. Since three business days are allowed for delivery of stock in a regular transaction on the New York Stock Exchange, the Exchange would declare the stock ex-dividend as of the opening of the market on the preceding Wednesday. That means anyone who bought it on or after that Wednesday would not be entitled to that dividend. When stocks go ex-dividend, the stock tables include the symbol x following the name.

3. ) The process whereby a stock's price is reduced when a dividend is paid. The ex-dividend date (ex-date) is the date on which the price reduction takes place. Investors who own stock on the ex-date will receive the dividend, and those who are short stock must pay out the dividend.


See Also:
EX-DIVIDEND DATE, EX-DATE - EX-DIVIDEND DATE


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