Ex-Dividend, Ex-Rights and Ex-Warrants Dates

What this video covers

• Why all securities transactions except cash transactions receive an ex-dividend, ex-rights, or ex-warrants date
• How to distinguish a date designated by the Uniform Practice Code Committee from one specified by the appropriate national securities exchange
• How timely information and a distribution below 25 percent anchor the normal ex-date to the record date
• Why a distribution of 25 percent or greater moves the anchor to the first business day following the payable date
• How stock dividends and splits involving ADRs or foreign securities use a committee-designated date instead of the 25 percent test
• Why the normal ex-rights date is the first business day after the effective date of the registration statement, not the record date
• How late dividend, warrant, and rights information is handled, including which anchor date measures the lateness