Below please find a definition of “Ex-Dividend Date”
(1) In the US stock market, the first day of trading when the seller, rather than the buyer, of a stock will be entitled to the most recently announced dividend payment. This date set by the NYSE (and generally followed on other US exchanges) is currently two business days before the record date. A stock that has gone ex-dividend is marked with an “x” in newspaper listings on that date.
(2) When used in reference to mutual funds, the ex-dividend date is the date on which declared distributions (dividends or capital gains) are deducted from the fund’s assets before it calculates its net asset value (NAV). The NAV per share will drop by the amount of the distribution per share.
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