Template:Record date and ex date: Difference between revisions
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A stock is trading with a declared dividend, there are two important dates. They are the “[[record date]]” or “[[date of record]]” and the “[[ex-dividend date]]” or “[[ex date]]”. | A stock is trading with a declared dividend, there are two important dates. They are the “[[record date]]” or “[[date of record]]” and the “[[ex-dividend date]]” or “[[ex date]]”. There is a charming {{tag|Latin}}ny feel to all of this, stocks trading “[[cum]]” (with) or “[[ex]]” (without) dividends. Beware [[cum-ex trade]]s, which are (a) highly illegal and (b) liable upon a cursory google to take you to parts of the world wide internets that your compliance department might not appreciate you visiting. Especially, I hear, if you google "“Danish Cum-Ex”<ref>If you dare,{{google|Danish_Cum_ex}}</ref> or “German Cum-Ex”<ref>If you dare, {{google|German_Cum_ex}}</ref>. In any case fertile ground for [[double entendre]]s if you have any literal-minded [[US attorney|American]]s in your office you fancy having fun at the expense of. | ||
The [[record date]] is the date by which a shareholder must be on the company's share register to receive the [[Dividend - Equity Derivatives Provision|dividend]]. Companies also use this date to determine who is sent [[proxy]] statements, financial reports, and other information. | The [[record date]] is the date by which a shareholder must be on the company's share register to receive the [[Dividend - Equity Derivatives Provision|dividend]]. Companies also use this date to determine who is sent [[proxy]] statements, financial reports, and other information. | ||
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*[[Ex date]] | *[[Ex date]] | ||
*[[Record date]] | *[[Record date]] | ||
*[[Double entendre]] | |||
Revision as of 13:39, 18 January 2019
A stock is trading with a declared dividend, there are two important dates. They are the “record date” or “date of record” and the “ex-dividend date” or “ex date”. There is a charming Latinny feel to all of this, stocks trading “cum” (with) or “ex” (without) dividends. Beware cum-ex trades, which are (a) highly illegal and (b) liable upon a cursory google to take you to parts of the world wide internets that your compliance department might not appreciate you visiting. Especially, I hear, if you google "“Danish Cum-Ex”[1] or “German Cum-Ex”[2]. In any case fertile ground for double entendres if you have any literal-minded Americans in your office you fancy having fun at the expense of.
The record date is the date by which a shareholder must be on the company's share register to receive the dividend. Companies also use this date to determine who is sent proxy statements, financial reports, and other information.
The ex date is set based on stock exchange rules. It is usually set one business day before the record date.
If you buy a stock before its ex date, you get the dividend. If you buy a stock on or after its ex date you will not receive the associated dividend payment. The seller will get it.
See also
- ↑ If you dare,Let me Google that for you
- ↑ If you dare, Let me Google that for you