Date on which bondholders are eligible for coupon payments. For a certain period of time before the coupon payment the bond trades in ex dividend form and has a negative accrued interest stock. An investor who buys a bond between the ex dividend date and the coupon payment does not receive the coupon and it goes to the previous holder of that bond. The ex dividend date varies from country to country.
The cut-off date for receiving the last announced dividend for a given stock, by a new purchaser.
The date between a fund's accounting date and when it pays out its income. If an investor does not own units in the fund during this period, they will not be eligible for the income.
Is set by the exchange where the stock is traded, several days (usually two) before the date of record, so that all trades made on previous dates can be properly settled and the shareholder list on the date of record will accurately reflect the current owners. Purchasers buying before the ex-dividend date will receive the dividend. The stock is said to trade cum dividend on these dates. Purchasers buying on the ex-dividend date or after will not receive the dividend. The stock trades ex-dividend on these dates.
To receive the dividend you must own the shares before it goes ex dividend. For a period before the dividend is paid, usually about six weeks, the share price is quoted as 'ex dividend' or 'xd'. If you sell your shares in this period you will still be entitled to the dividend payment, but the buyer will not. The ex dividend date is usually a few days before the Record Date.
This is the date on or after which the seller and not the buyer will retain the right to receive a dividend.
Extra Dividend Extra or special dividends
The ex dividend date, also known as the reinvestment date, is a finance or investment term related to the payment of dividends.