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RE: Stupid question : A stock trades ex-dividend on or after the ex dividend date(20th August 2014). At this point , the person who owns the security or stock on the ex dividend date will be awarded the payment, regardless of who currently holds the stock. After the ex div date has been declared the stock will usually drop in price by the amount of expected dividend. For example the sellers of Plus500 shares today or after will be entitled to the dividend but buyers of Plus500 shares today will not be entitled to the dividend
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