Ex-Dividend - A synonym for "without dividend." The buyer of an ex-dividend stock is not entitled to the next dividend payment. Dividends are paid quarterly to all those shareholders recorded on the books of the company as of a previous date of record. For example, a dividend may be declared as payable to stockholders of record on a given Friday.

When the cash dividend is worth more than 25% of the stock value, the ex-dividend date is the business day AFTER the payable day. You still must own the stock at market opening on the ex-dividend date to get the distribution. If you sell on the payable day (this is, the business day before ex-dividend day), you will see the cash dividend paid to you then taken out of your brokerage account.

See our Dividend Dates page for details about payment and record dates for dividends on BCE and Bell Canada preferred shares.

Dividend is payable if and when declared in the Annual General Meeting, which is normally held in July every year. The last dividend, for the financial year 2004-05, was announced by the Board of Directors at its meeting held on May 17, 2005, @ Rs. 4.50 (45%) per share of the face value of Rs. 10/- each. It was subsequently declared at the Annual General Meeting held on July 15, 2005 and was paid to all the eligible Shareholders / Beneficial Owners.

The ex-dividend date for the above dividend declaration is August 6, 2007. On (or after) this date, the security will trade without its dividend. If you buy the dividend paying stock one day before the ex-dividend date you will still get the dividend, but if you buy on the ex-dividend date or after you will not get the dividend. The ex-dividend date is the second business day before the date of record. The ex-dividend date is important because ownership takes a few days to record.

The ex-dividend date is the date upon which the stock begins trading without rights to the next dividend payment. Typically, the ex-dividend date is two business days before the record date, unless the intervening business day is one on which the NYSE is closed. The record date is announced in our dividend press releases. For more information, please call iStar Financial's Investor Relations department at 212-930-9400.

The ex-dividend date is a specific date, occurring after the dividend has been declared after which buyers are no longer entitled to receive the last declared dividend. This is known as going 'ex-dividend' and before this date the shares are said to be 'cum-dividend'. If you buy shares before the ex-dividend date, you are entitled to the recently announced dividend. If you purchase shares on or after that date, the previous owner of the shares (and not you) is entitled to the dividend.

The ex-dividend date is a specific date, occurring after the dividend has been announced, after which buyers are no longer entitled to receive the last declared dividend. This is known as going 'ex-dividend' and before this date the shares are said to be 'cum-dividend'. If you buy shares before the ex-dividend date, you are entitled to the recently declared dividend. If you purchase shares on or after that date, the previous owner of the shares is entitled to the dividend.

Prior to announcing each dividend, companies set a date on which shares will be sold without entitlement to the dividend. Before that date they are said to be 'Ex Dividend'. If you sell the shares before the Ex Dividend date you will not be entitled to receive the dividend. If you sell shares after the Ex Dividend date, i.e. selling a share Cum Dividend, you will be entitled to receive the dividend.

Dates are set, ideally, to provide a regular spread of income and are most likely on a quarterly basis. When a trust is launched the accounting reference date is set i.e. its year end. To some extent that will determine the payment dates based on the quarterly accounting dates in the period to the accounting reference date.

The morning after a share goes ex-div the price of the share will drop by the amount of the dividend (approximately). With a quarterly spread bet, the dividend will have already been removed from the price quoted by Finansbet so there will be no effect on the price quoted between the day before ex-div and the day after it.

Since inception in 1997, ST Engineering has declared first and final dividends every year. Ex-dividend date for dividends declared for the preceding financial year is usually in early May and payment date is usually later in May. From 2007, the Group will start to distribute interim dividends on its ordinary dividends. This means that the Group will start paying dividends twice a year from 2007.

This is the date the Registrars view the register to prepare the dividend payment. A shareholding must be registered on this date to receive the dividend. The record date normally falls about three weeks before the dividend is paid. The record date for the latest dividend can be found in the Investor calendar.

Our historical dividend information is available at the "result announcement" section on www.vtech.com.

This is the date the Registrars close the register to prepare for the dividend payment. A person's shareholding must be recorded on the register on this date to receive the last declared dividend. The record date normally falls about three weeks before the dividend is paid. The record date for the latest dividend can be found on the Investor calendar.