2 people die in this world every second of every minute of every hour of every day of every week of every month of every year! It's adds up to 85,000,000 people a year.
They are the record date or date of record and the ex-dividend date or ex-date.. When a company declares a dividend, it sets a record date when you must be on the company's books as a shareholder to receive the dividend.hey are the record date or date of record and the ex-dividend date or ex-date.. When a company declares a dividend, it sets a record date when you must be on the company's books as a shareholder to receive the dividend.
After the ex-date has been declared, the stock will usually drop in price by the amount of the expected dividend. The ex-dividend date is determined by the ASX by working forward from record date. The ex-dividend date is 4 trading days prior to the record date. Therefore the investor MUST have purchased the shares at least five trading days before the record date or by the close of trading on the day BEFORE the ex-dividend date. The moment the trade is executed the investor becomes the legal owner of the share.