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question about ex-dividend date timing
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here is the definition of ex-dividend date from the sec: once the company sets the record date, the stock exchanges or the national association of securities dealers, inc. fix the ex-dividend date. the ex-dividend date is normally set for stocks two business days before the record date. if you purchase a stock on its ex-dividend date or after, you will not receive the next dividend payment. instead, the seller gets the dividend. if you purchase before the ex-dividend date, you get the dividend. the linked document discusses weekend, and holidays involved in the calculation. the difference between the record date and the ex-dividend is to allow for the three days of settlement.
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