According to your text, the ex-dividend date associated with a share is two days before the

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The ex-dividend date is the first day that a stock trades without the dividend. In order to receive the dividend, an investor must own the stock before the ex-dividend date. The holder-of-record date is the cut-off date for determining which investors are entitled to the dividend payment. Therefore, the ex-dividend date is two days before the holder-of-record date.

According to Your Text, the Ex-Dividend Date Associated with a Share