Determining the ex-dividend date


If on January 2, 2008, a company declares a dividend of $1.50 per share, payable on January 31, 2008, to holders of record on January 17, then the price of the stock should drop by approximately $1.50 on January 15, which is the ex-dividend date.

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Finance Basics: Determining the ex-dividend date
Reference No:- TGS047334

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