The definition of ex-dividend is without dividend. Therefore, the
ex-dividend date is the first day that a buyer of a stock will not be entitled to that stock's most recently declared dividend payment. However, an investor that sells their stock on the ex-dividend date will be entitled to the most recently declared dividend.
The ex-dividend date is sometimes referred to as the reinvestment date.
Related Terms:
Dividend Declaration Date -
Dividend Record Date -
Dividend Payment Date -
Dividend
-