Business / Taxes / Ex-Dividend: You must own a security by the record date the company sets to be entitled to the dividend it will pay on the payable date. The period between those dates — anywhere from a week to a month or more — during which new investors in the security are not entitled to that dividend is called the ex-dividend period. On the day the ex-dividend period begins, which is the first trade date that will settle after the record date, the stock is said to go ex-dividend. Generally, the price of a stock rises in relation to the amount of the anticipated dividend as the ex-dividend date approaches. It drops back on the first day of the ex-dividend period to reflect the amount that is being paid out as dividend.
Business / Finance / Ex-Dividend Date: This literally means 'without dividend.' The buyer of shares when they are quoted ex-dividend is not entitled to receive a declared dividend. It is the interval between the record date and the payment MORE
Business / Finance / Cum Rights: With dividend; said of a stock whose buyer is eligible to receive a declared dividend. Stocks are usually 'cum dividend' for trades made on or before the fifth trading day preceding the record date, w MORE