Understanding Ex-Dividend Date
If you are an investor in the stock market, you might have come across the term “ex-dividend date.” In simple terms, it is the date when a company’s stock stops trading with its dividend. This means that if you buy a stock on or after the ex-dividend date, you will not receive the upcoming dividend payment.
Why is Ex-Dividend Date Important for Investors?
Investors often use ex-dividend date to track their ownership of stocks and to understand and capitalize on dividend payments. The ex-dividend date is an important date because it is the day when stocks begin trading without any dividend payments attached. It is also the date by which buyers must own a security to be entitled to receive a dividend.
How to Get Ex-Dividend Date in Excel with MarketXLS?
To find the ex-dividend date for any equity or ETF in Excel, MarketXLS provides a built-in function that allows you to quickly look it up with a simple formula. Just type “=Ex_DividendDate(“Ticker symbol”)” into a cell, replacing ‘Ticker symbol’ with the ticker of the security of interest. The formula will return the next ex-dividend date as a serial number of the Microsoft Excel date system.
MarketXLS also offers other useful functions for dividend-related data. They are given below:
| Function Title | Function Example | Function Result |
|---|---|---|
| Dividend Frequency | =DividendFrequency(“MSFT”) | How many times each year the company typically pays a regular dividend. |
| Dividend Pay Date (MM/DD/YYYY) | =DividendPayDate(“MSFT”) – Returns the most recent dividend pay date for MSFT. | Not considering the future expected dividend. |
| Ex Dividend Date (MM/DD/YYYY) | =Ex_DividendDate(“MSFT”) – Returns the ex-dividend date for MSFT. | On this date, the stock has to be in your demat account for you to receive the dividend. |
Use AI driven search for all functions on MarketXLS here: https://marketxls.com/functions
Download from the link below, a sample spreadsheet created with MarketXLS Spreadsheet builder
Note this spreadsheet will pull latest data if you have MarketXLS installed. If you do not have MarketXLS consider subscribing here
https://mxls-templates.s3.us-west-2.amazonaws.com/MarketXLS-Model-ID-3QFGWa.xlsx
Relevant blogs that you can read to learn more about the topic
