Glossary A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | 1 | 3 | 4 | 5 Definitions by InvestorWords.com   What is...? ex-dividend A security which no longer carries the right to the most recently declared dividend; or the period of time between the announcement of the dividend and the payment. Usually four days before the record date. For transactions during the ex-dividend period, the seller will receive the dividend, not the buyer. Usually indicated in newspapers with an x next to the stock's or mutual fund's name. see also X, ex-all. Copyright ©2009 by InvestorGuide.com. All Rights Reserved.