Ex Dividend
(4 business days prior to the record date)
Ex dividend - means without dividend
.
Dividends are declared on set dates.
If sold stock cannot be delivered before dividend payment is made, the seller gets to keep the dividend.
A regular way transaction takes 5 days for the stock to be delivered.
On the ticker tape there will be an X following the name if the stock is trading ex dividend.
Stocks sell ex dividend on the 4th day before the record date.
The ex dividend date for a mutual fund is the same as the record date (none of this 4 day stuff).
The mutual fund ex dividend cannot be determined.
