Also found in: Dictionary, Legal, Acronyms, Wikipedia.
|Quarter 1||Quarter 2||Quarter 3||Quarter 4|
|Announcement date||Feb 13||May 8||August 7||Nov 6|
|Ex-dividend date||Feb 21||May 16||August 15||Nov 14|
|Record date||Feb 23||May 18||August 17||Nov 16|
|Payment date||March 19||June 11||Sept 10||Dec 10|
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.