Legal Definition of ex–dividend
: without a dividend
Additional Notes on ex–dividend
A stock is said to be sold “ex-dividend” when the sale occurs just before the next dividend on the stock is due to be paid, so that the payment date comes after the order to buy is executed but before the stock changes hands. In such cases, the dividend is paid to the seller, and the price of the stock is reduced by an appropriate amount.
Seen and Heard
What made you want to look up ex–dividend? Please tell us where you read or heard it (including the quote, if possible).