ex dividend

ex dividend

noun
exclusive of dividend: applied to a stock traded when payment of a dividend is pending, indicating that the price of the security does not include any dividend declared (distinguished from cum dividend ).

Origin:
1835–45

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ex dividend
 
adv
Compare cum dividend without the right to the current dividend: to quote shares ex dividend

Collins English Dictionary - Complete & Unabridged 10th Edition
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Main Entry:  ex dividend
Part of Speech:  adj
Definition:  without dividend; indicating that the buyer of stocks or shares is not entitled to receive a declared dividend; abbr. ex div., x.d.
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