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 6.72 per cent down to Dh10.30.
Software group Sage - another ex-dividend stock - was another loser after a gloomy update disappointed investors and sent shares five per cent, or 9.1p lower to 176.5p.
The contribution of this study is to extend international evidence as to ex-dividend stock price behavior by studying Portuguese stocks and to discuss the adequacy of some of the competing theories for explaining this behavior considering the Portuguese institutional background, tax regime, and empirical findings.
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 9.1p lower to 176.5p.
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.
Saudi's SABIC loses steam, ex-dividend stocks hit Abu Dhabi
The ex-dividend stocks included HSBC, off 14.9p to 652.8p, Standard Life down 5.2p to 208.4p and British American Tobacco 48p cheaper at 2232.5p.
Falls were led by several ex-dividend stocks and heavyweight mining stocks.
Losses by ex-dividend stocks offset gains by ITV - up 2pc or 2.5p to 113.25p - after the broadcaster posted a 42pc rise in profits to pounds 460m despite a decline in advertising revenues at its flagship ITV1 channel.
Of the ex-dividend stocks, defence firm BAE Systems lost 12.5p to 319.5p and South African insurer Old Mutual dipped 5.75p to 130.75p.