I haven't been able to find a solid answer.
Ex-Dividend Date: The first date when a stock trades without the dividend. If you purchase the stock on or after this date, you won't receive the dividend.
Record Date: This is the date set by the company to determine who the shareholders of record are. You must be a shareholder on record on this date to qualify for the dividend payment.
Payment Date: This is the date when the dividend is actually paid out to eligible shareholders.
So, considering the definition of an Ex-Dividend Date, with it marking the first date when a stock trades without the dividend, what is the "last date" a stock trades without the dividend?
Is it the day after the dividend payout date?
In order to have a first date, you must have a last date, so what is it?
Thanks.
