For shares listed on the ASX,an ex-dividend date is:
A)four business days after the record date.
B)four business days before the record date.
C)seven business days after the record date.
D)seven business days before the record date.

Question

Quizplus · Accepted Answer

The ex-dividend date is generally set as four business days before the record date. This means that investors who purchase shares on or after the ex-dividend date are not entitled to receive the upcoming dividend payment, as the trade settlement process takes two business days. Therefore, option B is the correct answer.

For Shares Listed on the ASX,an Ex-Dividend Date Is