It is called ex-dividend date (not dividend exercise date), meaning if you still own the shares one business day before the ex-dividend date, you will receive the dividends. It also means that you can sell off the stock from the ex-dividend date and yet receive the dividends on the payment date.
It is called ex-dividend date (not dividend exercise date), meaning if you still own the shares one business day before the ex-dividend date, you will receive the dividends. It also means that you can sell off the stock from the ex-dividend date and yet receive the dividends on the payment date.