Over 700 finance terms, Shmooped to perfection.
Sort of like JDate, only with former relationships being the entire dating population.Ex-Date also refers to the deadline for when an investor is entitled to receive the declared dividend on a given stock. You have to own the stock by a certain date, which the company declares in advance. To own it, you have to account for the settlement process, and in the U.S., settlement occurs two days after the trade. If you buy after the ex-dividend date, you won't receive the dividend; the seller will. If the record date is October 15, you have to actually buy the stock on or before October 13. If you don't, you won't "own" the stock on October 15 Also known as the "ex-dividend" date.