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ex-dividend date |
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Definition of ex-dividend dateex-dividend datedate that determines whether a stockholder is entitled to a dividend payment; anyone holding stock before this date is entitled to a dividend. Ex-dividend dateThe first day of trading when the seller, rather than the buyer, of a stock will be entitled to
Related Terms:Accounting exposureThe change in the value of a firm's foreign currency denominated accounts due to a Accrued expenses payableexpenses that have to be recorded in order for the financial statements to be accurate. Accrued expenses usually do not involve the receipt of an invoice from the company providing the goods or services. accrued expenses payableThe account that records the short-term, noninterest- Aggregate Expenditure CurveAggregate demand for goods and services drawn as a function of the level of national income. American Stock Exchange (AMEX)The second-largest stock exchange in the United States. It trades Announcement datedate on which particular news concerning a given company is announced to the public. ![]() Annual fund operating expensesFor investment companies, the management fee and "other expenses," Arms indexAlso known as a trading index (TRIN)= (number of advancing issues)/ (number of declining Autonomous ExpenditureElements of spending that do not vary systematically with variables such as GDP that are explained by the theory. See also exogenous expenditure. Balance sheet exposureSee:accounting exposure. Biased expectations theoriesRelated: pure expectations theory. Bill of exchangeGeneral term for a document demanding payment. Bond indexingDesigning a portfolio so that its performance will match the performance of some bond index. Business Expansion InvestmentThe use of capital to create more money through the addition of fixed assets or through income producing vehicles. Buying the indexPurchasing the stocks in the S&P 500 in the same proportion as the index to achieve the ![]() Call dateA date before maturity, specified at issuance, when the issuer of a bond may retire part of the bond Capital expendituresAmount used during a particular period to acquire or improve long-term assets such as capital expendituresRefers to investments by a business in long-term CAPITAL IN EXCESS OF PAR VALUEWhat a company collected when it sold stock for more than the par value per share. Capital in excess parAmounts in excess of the par value or stated value that have been paid by the public to acquire stock in the company; synonymous with additional paid-in capital. Capitalized Cost An expenditure or accrual that is reported as an asset to be amortized againstfuture-period revenue. Capitalized Expendituresexpenditures that are accounted for as assets to be amortized Cash dividendA dividend paid in cash to a company's shareholders. The amount is normally based on cash dividendPayment of cash by the firm to its shareholders. Chicago Mercantile Exchange (CME)A not-for-profit corporation owned by its members. Its primary Commodities Exchange Center (CEC)The location of five New York futures exchanges: Commodity ![]() Consolidated Omnibus Budget Reconciliation Act (COBRA)A federal Act constant-growth dividend discount modelVersion of the dividend discount model in which dividends grow at a constant rate. Consumer Price Index (CPI)The CPI, as it is called, measures the prices of consumer goods and services and is a Consumer Price Index (CPI)An index calculated by tracking the cost of a typical bundle of consumer goods and services over time. It is commonly used to measure inflation. Convertible exchangeable preferred stockConvertible preferred stock that may be exchanged, at the ConvexBowed, as in the shape of a curve. Usually referring to the price/required yield relationship for ConvexityA measure of the rate of change in duration; measured in time. Cost Plus Estimated Earnings in Excess of BillingsRevenue recognized to date under the percentage-of-completion method in excess of amounts billed. Also known as unbilled accounts Coupon datesThe dates when the coupons are paid. Typically a bond pays Cum dividendWith dividend. Cumulative dividend featureA requirement that any missed preferred or preference stock dividends be paid Current Income Tax ExpenseThat portion of the total income tax provision that is based on Date of paymentdate dividend checks are mailed. Date of recorddate on which holders of record in a firm's stock ledger are designated as the recipients of Dates conventionTreating cash flows as being received on exact dates - date 0, date 1, and so forth - as Declaration dateThe date on which a firm's directors meet and announce the date and amount of the next Declaration dateThe date on which the board of directors has declared a dividend. Deferred Income Tax ExpenseThat portion of the total income tax provision that is the result Depreciation expenseAn expense account that represents the portion of the cost of an asset that is being charged to expense during the current period. Discounted dividend model (DDM)A formula to estimate the intrinsic value of a firm by figuring the DividendA dividend is a portion of a company's profit paid to common and preferred shareholders. A stock DividendA payment a company makes to stockholders. Earnings before income tax. The profit a company made DividendThe payment of after-tax profits to shareholders as their share of the profits of the business for an accounting period. DividendA payment made to shareholders that is proportional to the number of shares dividendPeriodic cash distribution from the firm to its shareholders. DividendAs the term dividend relates to a corporation's earnings, a dividend is an amount paid per share from a corporation's after tax profits. Depending on the type of share, it may or may not have the right to earn any dividends and corporations may reduce or even suspend dividend payments if they are not doing well. Some dividends are paid in the form of additional shares of the corporation. dividends paid by Canadian corporations qualify for the dividend tax credit and are taxed at lower rates than other income. DividendUnlike dividends which are paid to company shareholders, participating insurance policy dividends are not based on the company's overall profits. Rather, they are determined by grouping policies by type and country of issue and looking at how each class contributes to the company's earnings and surplus. Dividend clawbackWith respect to a project financing, an arrangement under which the sponsors of a project Dividend clienteleA group of shareholders who prefer that the firm follow a particular dividend policy. For dividend discount modelComputation of today’s stock price which states that share value equals the present value of all expected future dividends. Dividend discount model (DDM)A model for valuing the common stock of a company, based on the dividend growth methoda method of computing the cost Dividend growth modelA model wherein dividends are assumed to be at a constant rate in perpetuity. Dividend incomeIncome that a company receives in the form of dividends on stock in other companies that it holds. Dividend limitationA bond covenant that restricts in some way the firm's ability to pay cash dividends. Dividend payout ratioPercentage of earnings paid out as dividends. dividend payout ratioComputed by dividing cash dividends for the year dividend payout ratioPercentage of earnings paid out as dividends. Dividend policyAn established guide for the firm to determine the amount of money it will pay as dividends. Dividend PolicyThis policy governs Canada Life's actions regarding distribution of dividends to policyholders. It's goal is to achieve a dividend distribution that is equitable and timely, and which gives full recognition of the need to ensure the ongoing solidity of the company. It also specifies that distribution to individual policyholders must be equitable between dividend classes and policyholder generations, and among policyholders within any class. Dividend rateThe fixed or floating rate paid on preferred stock based on par value. Dividend reinvestment plan (DRP)Automatic reinvestment of shareholder dividends in more shares of a Dividend rightsA shareholders' rights to receive per-share dividends identical to those other shareholders receive. Dividend yield (Funds)Indicated yield represents return on a share of a mutual fund held over the past 12 dividend yield ratioCash dividends paid by a business over the most Dividend yield (Stocks)Indicated yield represents annual dividends divided by current stock price. DividendsAmounts paid to the owners of a company that represent a share of the income of the company. DividendsProfits paid out to shareholders by a corporation. Dividends per shareAmount of cash paid to shareholders expressed as dollars per share. Dividends per sharedividends paid for the past 12 months divided by the number of common shares EAFE indexThe European, Australian, and Far East stock index, computed by Morgan Stanley. Economic exposureThe extent to which the value of the firm will change because of an exchange rate change. Effective convexityThe convexity of a bond calculated with cash flows that change with yields. Effective dateIn an interest rate swap, the date the swap begins accruing interest. Effective Exchange RateThe weighted average of several exchange rates, where the weights are determined by the extent of our trade done with each country. Enhanced indexingAlso called indexing plus, an indexing strategy whose objective is to exceed or replicate Equation of ExchangeThe quantity theory equation Mv = PQ. Ex-dividendThis literally means "without dividend." The buyer of shares when they are quoted ex-dividend Ex post returnRelated: Holding period return Ex-rightsIn connection with a rights offering, shares of stock that are trading without the rights attached. Ex-rights dateThe date on which a share of common stock begins trading ex-rights. Exact matchingA bond portfolio management strategy that involves finding the lowest cost portfolio Exante returnThe expected return of a portfolio based on the expected returns of its component assets and Except for opinionAn auditor's opinion reflecting the fact that the auditor was unable to audit certain areas Excess CapacityUnused production capacity. Excess DemandA situation in which demand exceeds supply. Excess reservesAny excess of actual reserves above required reserves. Excess ReservesReserves of commercial banks in excess of those they are legally required to hold. Excess return on the market portfolioThe difference between the return on the market portfolio and the Excess returnsAlso called abnormal returns, returns in excess of those required by some asset pricing model. Excess SupplyA situation in which supply exceeds demand. ExchangeThe marketplace in which shares, options and futures on stocks, bonds, commodities and indices Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |