0 relating to a share that is sold where the buyer does not have the right to receive a particular dividend (= payment): --
At the market opening on the ex-dividend date, the stock will trade at a lower price, adjusted for the amount of the dividend paid.
The dividend on each ex-dividend date is expected to payout $0.70.
That is, the dollar amounts distributed are used to purchase additional shares of the funds as of the reinvestment/ex-dividend date.
If the investor were to sell the stock on the ex-dividend date or afterwards, the investor would still be entitled to the dividend payment.
Registration in most countries is essentially automatic for shares purchased before the ex-dividend date.
On the day the company trades ex-dividend, theoretically the share price drops by the amount of the dividend.
The ex-dividend date always identifies who is ultimately entitled to receive a dividend.
To be a stockholder on the record date an investor must purchase the stock before the ex-dividend date.
