A stock which has paid its dividend

The date when it's too late to purchase shares of publicly traded stock and still receive a previously declared dividend

The holder of shares purchased ex dividend is not entitled to an upcoming already-declared dividend, but is entitled to future dividends.

Shares bought ex dividend (xd) exclude the buyer from the next dividend payment. To receive the dividend a share needs to be acquired prior to the ex dividend date

The opposite of cum dividend.

A share is described as Ex Dividend when the buyer is not entitled for the Dividend. The seller remains the beneficiary.

The day on which a dividend paying stock trades without the right to receive the dividend.

Prior to announcing each dividend, companies set a date on which shares will be sold without entitlement to the dividend. Before that date they are said to be 'cum dividend'. Therefore, if you sell shares before the ex-dividend date you will not be entitled to receive the dividend. If you sell shares after the ex-dividend date, you will be entitled to receive the dividend.

To clarify who receives the Dividend on a Share that is sold around the time the Dividend is due, a date is fixed when a Share becomes ex-dividend. Anyone buying after this date will not receive the recently declared Dividend. A Share price will normally fall by the amount of the Dividend on the day that it goes ex-dividend.

A share where the seller, not the buyer, is entitled to receive the dividend.

This means "without dividend." If you buy a share quoted ex dividend, you are not entitled to an upcoming already-declared dividend. The seller receives this dividend instead. The ex dividend date is the date on which shares start trading without the right to receive the upcoming declared dividend.

Also abbreviated as 'xd', this is a share sold without the right to receive the declared dividend payment which is marked as due to those shareholders who are on the share register at a pre-announced date. The stock market authorities usually specify the date on which a share will begin trading 'xd'. The share price invariably drops when the share goes 'xd', taking the known income of the dividend out

This means "without dividend." If a share quoted ex dividend is purchased, the investor is not entitled to an upcoming already-declared dividend. The seller receives this dividend.

Ex dividend date Extra Dividend

A share or bond is bought/sold ex dividend (ie without attaching dividend) if the seller is entitled to receive the next dividend or coupon. See also: CUM DIVIDEND.

A stock or share sold without the right to the recently declared dividend. A stock quoted ex dividend has the amount of the dividend which is about to be paid deducted from the price.

Purchase of a share Ex dividend means that the buyer of a share is not entitled to the next dividend payment. Opposite of cum.