Ex-Dividend Share

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 ?
In the case at stake, if Ansaldo STS shareholders' meeting will approve the Board's proposal of a dividend distribution equal to 0.15 per share, the price per ex-dividend share payable by Hitachi at the closing of the transaction, once all conditions precedent provided under the Agreement are satisfied, would be 9.50, provided that no further distributions are approved before closing.
We see an attractive opportunity to buy ex-dividend shares.
Of the ex-dividend shares, utility stock National Grid Transco dropped 16.25p to 534p, water company United Utilities slipped 17.5p to 661.5p and airport operator BAA dipped 15.5p to 609.5p.