The AI (ChatGPT) Dividend Handbook: ex-Dividend Date

Here is the response from ChatGPT for the prompt ex-dividend date entered on March 21, 2023.

The ex-dividend date is the date on which a stock begins trading without the upcoming dividend payment. If an investor buys the stock on or after the ex-dividend date, they will not receive the upcoming dividend payment. Conversely, if an investor purchases the stock before the ex-dividend date, they will receive the upcoming dividend payment.

The dividend is a portion of a company's profits that is paid out to shareholders. Companies typically pay out dividends on a regular basis, such as quarterly or annually, as a way to share profits with their shareholders.

The ex-dividend date is usually set by the stock exchange on which the stock is listed. It is typically two business days before the record date, which is the date on which the company determines which shareholders are eligible to receive the upcoming dividend payment.