EX DIVIDEND

EX DIVIDEND

ex dividend. Without dividend. ? Shares are traded ex dividend when the seller, not the purchaser, is entitled to the next dividend payment because it will be made before the stock transfer is completed. The first day on which shares are traded ex dividend, the stock price will drop by an amount usu. approximating the amount of the dividend. ¡ª Abbr. XD.; X. Cf. CUM DIVIDEND.
What is the legal equivalent of the term EX DIVIDEND in Chinese?
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