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corporate actions · beginner

Ex-date

The ex-date is the first trading day when a stock trades without the right to a declared corporate benefit.

Buyers who purchase on or after the ex-date do not receive that dividend, bonus, or rights entitlement.

In India, ex-dates are coordinated with the settlement cycle and exchange calendars.

Prices often adjust around the ex-date to reflect the value of the benefit going away.

Checking the exchange corporate-action calendar helps avoid confusion around entitlements.

Part of the Market Pulse Term of the Day series — factual market vocabulary, not investment advice.