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{{a|eqderiv|}} | {{a|eqderiv|}} | ||
The date on which a {{eqderivprov|Share}} trade is priced to exclude a forthcoming | The date on which a {{eqderivprov|Share}} trade is priced to ''exclude'' a the value of a declared, forthcoming but as yet unpaid [[dividend]], on account of its [[record date]] having occurred before a trade printed today can settle to the buyer’s account. A buyer of an [[ex-dividend]] {{eqderivprov|Share}} will not become the [[holder of record]] until after the [[record date]], and so won’t get any dividend payment, even though the {{eqderivprov|Dividend Payment Date}} may fall after the buyer comes to hold the {{eqderivprov|Share}}, so shouldn’t jolly well have to pay for it. | ||
A buyer of an [[ex-div]] share, being [[homo economicus]], won’t want to pay for the implied cost of that pending dividend. Hence, the share is said to trade “[[ex-dividend]]”. | |||
See? | See? | ||
Interestingly, there is a SNAFU in the {{eqderivprov|Dividend Amount}} provisions of the {{eqdefs}} — there is a cacophony of cataclysmic SNAFUs there, truth be told, meaning that none of the payment triggers in that section — the Ex Amount, Record Amount or Paid Amount — make a great deal of sense. See {{eqderivprov|Dividend Amount}} for more on that riveting topic. | Interestingly, there is a SNAFU in the {{eqderivprov|Dividend Amount}} provisions of the {{eqdefs}} — there is a cacophony of cataclysmic SNAFUs there, truth be told, meaning that none of the payment triggers in that section — the Ex Amount, Record Amount or Paid Amount — make a great deal of sense. See {{eqderivprov|Dividend Amount}} for more on that riveting topic. | ||
{{ex amount and coronavirus}} | |||
{{sa}} | {{sa}} | ||
*{{eqderivprov|Dividend Amount}}, which goes into all of this in some really quite [[tedious]], not to mention stupendously erroneous, detail. | *{{eqderivprov|Dividend Amount}}, which goes into all of this in some really quite [[tedious]], not to mention stupendously erroneous, detail. |