The ex-dividend date is when a stock begins trading without the dividend or split amount included.
When it comes to stocks, it is essential to understand the concept of a pay date. This is the date on which a company distributes dividends or conducts a stock split. Typically, the pay date falls one day before the ex-dividend date, which is when the stock starts trading without the dividend or split amount. In simpler terms, the pay date is when investors receive their share of the company's profits, while the ex-dividend date marks the beginning of a new trading cycle.
