ex dividend

ex dividend (not comparable)

1. (finance) Of a declared dividend, belonging to the seller rather than the buyer.
   • 1985, U.S. Tax Cases, volume 84, number 2, page 72:

     With respect to the cash dividend on the preferred stock, the Exchange fixed an ex-dividend date of May 1, 1975 (the ex-dividend date).

   • 2007, Robert W. Hamilton, Attorney's Guide to Business and Finance Fundamentals, page 278:

     The ex-dividend date is three business days before the record date. Ex-dividend means without the dividend. The ex-dividend date convention assigns the dividend to the buyer or seller as follows: A buyer in a transaction that occurs before the ex-dividend date is entitled to receive the dividend and the seller is not; a seller in a transaction that occurs on or after the ex-dividend date is entitled to keep the dividend.

• x-div., xd (abbreviation)