Definition
The ex-dividend date is the first trading day when buying a stock no longer entitles the purchaser to the upcoming dividend payment. To receive the dividend, investors must own the stock before the ex-dividend date. On the ex-date, the stock price typically drops by approximately the dividend amount, reflecting this value transfer. The ex-dividend date is usually one business day before the record date. Understanding this date is crucial for dividend investors and those employing dividend capture strategies.
Formula
Example
A stock closes at $50 on Monday with a $0.50 dividend. Tuesday is the ex-dividend date. The stock opens around $49.50 to account for the dividend. Buying on Tuesday or later doesn't entitle you to this dividend.
FAQ
What is Ex-Dividend Date?
The date on which a stock begins trading without the right to receive the declared dividend.
How do you calculate Ex-Dividend Date?
A common formula for Ex-Dividend Date is: 调整后股价 = 前收盘价 - 股息金额
Why is Ex-Dividend Date important?
Ex-Dividend Date helps investors evaluate corporate actions and make more informed decisions.