A classification of trading shares when a declared dividend belongs to the seller rather than the buyer. A stock will be given ex-dividend status if a person has been confirmed by the company to receive the dividend payment.


A stock trades ex-dividend on or after the ex-dividend date (ex-date). At this point, the person who owns the security on the ex-dividend date will be awarded the payment, regardless of who currently holds the stock. After the ex-date has been declared, the stock will usually drop in price by the amount of the expected dividend.


  1. Ex-Distribution

    A security or investment that is trading without the rights to a specific distribution. ...
  2. Property Dividend

    An alternative to cash or stock dividends. A property dividend can either include ...
  3. Declaration Date

    1. The date on which the next dividend payment is announced by the directors ...
  4. Payment Date

    The date on which a declared stock dividend is scheduled to be paid.
  5. Book Closure

    The time period when a company will not handle adjustments to the register, ...
  6. Record Date

    The date established by an issuer of a security for the purpose of determining ...
  7. Dividend Rollover Plan

    An investment strategy in which a dividend-paying stock is purchased right before ...
  8. Ex-Date

    The date on or after which a security is traded without a previously declared ...
  9. Cum Dividend

    When a buyer of a security is entitled to receive a dividend that has been declared, ...
  10. Holder Of Record

    The name of the person who is the registered owner of a security and who has ...
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