Overview
A stock
is
called
"ex-dividend"
when
buyers
are no
longer
entitled
to
receive
the last
declared
dividend.
Typically,
the
price
falls to
reflect
the
value of
the
dividend
and then
rises
again
later,
as
shareholders
look
ahead to
the next
payout.
The
Ex-Dividend
Date is
when
this
occurs.
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