Ex-Dividend Share

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Ex-Dividend Share

A share in a stock sold after a dividend has been announced but before it has been distributed. When a security is sold ex-dividend, the dividend remains with the seller. Selling ex-dividend almost invariably reduces the price for which the security is sold by the amount of the dividend. See also: Cum dividend, Ex-dividend date.
References in periodicals archive ?
We test the Elton and Gruber model of ex-dividend stock pricing over a period spanning all US tax law changes since 1926.
Investors sold shares of etisalat, which became an ex-dividend stock yesterday, ended 6.
Software group Sage - another ex-dividend stock - was another loser after a gloomy update disappointed investors and sent shares five per cent, or 9.
Each of the three hypotheses identifies a reason why a certain group of investors would prefer the ex-dividend stock to the cum-dividend stock.
Software group Sage - another ex-dividend stock - was a loser after a gloomy trading update sent shares 5%, or 9.
Eades, Hess, and Kim (1984, 1994), Karpoff and Walkling (1988, 1990), Grammatikos (1989), Fedenia and Grammatikos (1991), Michaely (1991), Robin (1991), Venkatesh (1991), Dubofsky (1992), Koski (1996), and Bali and Hite (1998), among others, analyze ex-dividend stock price behavior for US firms.
Falls were led by several ex-dividend stocks and heavyweight mining stocks.
Losses by ex-dividend stocks offset gains by ITV - up 2pc or 2.
Of the ex-dividend stocks, defence firm BAE Systems lost 12.
Other ex-dividend stocks were British American Tobacco, which was off 58p to 1848p, and British Energy, down 10.
Of the ex-dividend stocks mining firm Antofagasta tumbled 53p to 1103p, Oils stocks BP and Shell slipped 9.
Ex-dividend stocks, meaning that shareholders are not entitled to the latest dividend, also accounted for falls from retailer Next, off 43p to 2257p, consumer giant Unilever, down 27p at 1555p, and Argos owner Home Retail Group, which fell 3p to 476.