WAEC - Commerce (2015 - No. 33)
when shares are sold ex-div it means the?
shares are sold at par price
buyer is entitle to the next dividend
shares are sold above par
seller has right to the next dividend
Shpjegimi
The ex-dividend date is normally two business days before the record date. If you purchase a stock on or after its ex-dividend date, you will not receive the next dividend payment. Instead, the seller gets the dividend. If you purchase before theex-dividend date, you will get the dividend.