 XD
XD: Purchase of a share Ex
dividend means that the buyer of a share is not entitled to
the next dividend payment.This is
the interval between the announcement and payment of
the next dividend or, in the case of a unit trust, the
income distribution. Someone who invests during the
interval between two distributions and is not entitled
to the dividend. With an income-paying unit trust, the
'xd' date is usually about eight weeks before its distribution
date.
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