| Ex-Date |
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Sometimes
referred to the ex-dividend date. The first date on which a security
is traded without entitling the buyer to receive dividend distributions
previously declared. |
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In
other words, this is the date on which the seller, and not the buyer,
of a stock will be entitled to a recently announced dividend. It is
usually four business days before the record date, and is indicated
in newspaper listings with an "x." |
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Dictionary
