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Template:Record date and ex date: Difference between revisions
Template:Record date and ex date (view source)
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'''[[Record date]]''': 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. | '''[[Record date]]''': 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. | ||
'''[[Ex-dividend date]]''': The [[ex date]] is set based on [[stock exchange]] rules. It is usually set one business day ''before'' the [[record date]]. | '''[[Ex-dividend date]]''': The [[ex date]] is set based on [[stock exchange]] rules. It is usually set one business day ''before'' the [[record date]]. The ex date — in the shape of the {{eqderivprov|Ex Amount}} — is a theoretical means for paying {{eqderivprov|Dividend Amount}}s under a {{eqderiv}} confirmation, though hardly a practical one, as no [[swap dealer]] we have encountered<ref>You’d have to be eagle-eyed, mind: a [[swap dealer]] ''that'' stupid would be out of business PDQ.</ref> would ever be insane enough to pay out a dividend before one is actually paid on the underlying for the {{eqderivprov|Transaction}}. | ||
If you buy a stock ''before'' its [[ex date]], you get the dividend. | If you buy a stock ''before'' its [[ex date]], you get the dividend. | ||