Wednesday, January 30, 2008

EX DATE AND EX-DIVIDENT DATE

ex-dividend date:
The date on or after which a security begins trading without the dividend (cash or stock) included in the contract price.

ex-date:
The first day of the no-delivery period is the ex-date. If there is any corporate benefits such as rights, bonus, dividend announced for which book closure/record date is fixed, the buyer of the shares on or after the ex-date will not be eligible for the benefits.

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