Ex-Dividend Date

In trading, the terms “ex-dividend date” and “ex-date” refer to a date which follows the announcement of stock dividends (the declaration date) and precedes the record date and the payable date.

Investors who own stocks before this date are entitled to annual dividends even if they sell the stocks before the payable date. Investors which purchase stocks between the ex-dividend date and the payable date are not entitled to the dividend for that year.

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