Essentials of Corporate Finance
Essentials of Corporate Finance
8th Edition
ISBN: 9780078034756
Author: Stephen A. Ross, Randolph W. Westerfield, Bradford D. Jordan
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Chapter 14, Problem 4CTCR
Summary Introduction

To determine: The ex-dividend date.

Introduction:

The two dates before the record date is termed as ex-dividend date.

If a shareholder purchases the stocks on or before the ex-dividend date, then the shareholder is entitled to receive the dividend payment. If a shareholder purchases on or after the ex-dividend date, then the shareholder will not be entitled to the next dividend payment; rather the seller gets the payment.

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Dividend explained; Author: The Finance Storyteller;https://www.youtube.com/watch?v=Wy7R-Gqfb6c;License: Standard Youtube License