Ex-dividend date (ex-dividend date): the next trading day after the registration date is the ex-dividend date or ex-dividend date, and shareholders who purchase shares of the company on or after this date will no longer enjoy the dividends of the company.

Ex-dividend date: after the transfer or distribution of shares, the total number of shares in the market increases, so the original market price must be ex-dividend. Otherwise, it is unfair to the people who buy stocks behind. Because the total market value remains unchanged, the number of shares has increased, but the price has not dropped.

Cash dividend payment date: dividend payment date, that is, in each accounting period, listed companies will distribute cash dividends to circulating shareholders, and after the proposal of the shareholders' meeting is passed and reported to the stock exchange for approval, the base date (T), dividend payment date and dividend payment date will be announced. The dividend day in Shanghai is generally the fourth trading day after the base date (T+4), and the dividend day in Shenzhen is generally 1 trading day after the base date (T+).

Extended data:

Ex-dividend date refers to a specific date in the stock market. If a listed company announces the distribution of bonus shares, dividend warrants, discounted rights issues or other valuable rights and interests, those who hold their shares the day before the ex-dividend date (that is, shareholders) can enjoy these rights and interests, while those who buy the company's shares on or after the ex-dividend date cannot enjoy these rights and interests.

Ex-dividend date and ex-dividend date are the same concept. The only difference between them is that the former involves non-cash rights and interests, while the latter involves cash dividends (including dividends that can be replaced by new shares).

Baidu Encyclopedia-Ex-dividend Day

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