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Moneyextra.com Dictionary

Ex Dividend

Ex dividend - also abbreviated as ex div - is a share sold without the right to receive the declared dividend - the payment being due only to those shareholders on the share register at a pre-announced date.

The stock market authorities usually specify the date on which a share will begin trading ex div. The share price invariably drops when the share goes ex dividend taking the known income of the dividend out of the share price. 

See Also Online share dealing service Stockmarket Centre  

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2009-02-17 00:00:00 © Moneyextra.com