Definitions

1. adjective

of or relating to a dividend that is paid before the shareholder’s stock is sold or otherwise disposed of, especially in the case of a spin-off or a merger.

“The company’s ex-dividend date is tomorrow, so you need to buy the stock before then to receive the dividend payment.”

2. noun

a dividend that is paid before the shareholder’s stock is sold or otherwise disposed of.

“The exdividend price of the stock was higher than the current price.”

3. verb

to declare a dividend to shareholders who held the stock before a specific date.

“The company will exdividend the quarterly dividend next week.”