Everything you need to know about the Ex-Div Date
How the Ex-Dividend Date Works
What is the Ex-Div Date?
For Purposes of recieving a dividend from a share of stock or a mutual fund there is only one thing you need to know:
You must buy the stock Before the Ex-Div date.
Why? Because the Ex-Div date is the day the stock begins trading 'EXcept the DIVidend'
On the ex-div date the stock virtually always opens lower by exactly the amount of the dividend. This is because no-one who buys the stock that day can recieve the dividend.
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