EX-DIV
10 May 2016 By PDSNETA share is "ex div" once the last day to trade has passed. Any sales after the last day to trade are done on the basis that the dividend accrues to the buyer, even if it has not yet been actually paid out. Other things being equal, the share will usually fall be the amount of the dividend on the ex-div date – because buying it on that day means that you don’t get the dividend.
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