Definition of XD
What is XD
XD is the abbreviation or symbol that will appear next to a published stock price to indicate the stock is ex-dividend, which refers to a situation in the stock market where a stock is trading without the right to receive the next dividend payment. When a company pays a dividend to its shareholders, it typically sets a record date, which is the date by which you must own the stock in order to be eligible to receive the dividend.
After the record date, the stock begins trading ex-dividend, which means that anyone who buys the stock after that date is not entitled to receive the next dividend payment. The ex-dividend date is typically set two business days before the record date, which allows time for the stock trades to settle before the record date. In financial publications, the abbreviation xd will appear next to a published stock price to indicate that the stock is ex-dividend.
In practical terms, buying a stock ex-dividend means that you are buying the stock without the right to receive the next dividend payment. Conversely, selling a stock ex-dividend means that you are selling the stock without the right to receive the next dividend payment.
GlobEx Markets Financial Dictionary of Terms, Phrases and Concepts
The GlobEx Markets financial dictionary is a reference resource that provides the definitions and explanations of various financial terms, phrases and concepts that are used in international finance and global investing. It includes a broad range of financial terms, such as those related to stocks, bonds, currencies, commodities, options, futures, crypto and much more.
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