ex dividend
adj- With respect to the cash dividend on the preferred stock, the Exchange fixed an ex-dividend date of May 1, 1975 (the ex-dividend date).1985, U.S. Tax Cases, volume 84, number 2, page 72:
- The ex-dividend date is three business days before the record date. Ex-dividend means without the dividend. The ex-dividend date convention assigns the dividend to the buyer or seller as follows: A buyer in a transaction that occurs before the ex-dividend date is entitled to receive the dividend and the seller is not; a seller in a transaction that occurs on or after the ex-dividend date is entitled to keep the dividend.2007, Robert W. Hamilton, Attorney's Guide to Business and Finance Fundamentals, page 278: