| 11. | Registration in most countries is essentially automatic for shares purchased before the ex-dividend date.
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| 12. | On the ex-dividend date, a current purchaser of the stock does not receive a dividend.
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| 13. | To be a stockholder on the record date an investor must purchase the stock before the ex-dividend date.
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| 14. | The ADR's may be trading heavily because its ex-dividend date, which is Friday, is approaching.
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| 15. | Electronics stocks gained ahead of ex-dividend dates for some of the country's biggest high-tech companies.
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| 16. | Yesterday, high-tech stocks rallied ahead of ex-dividend dates for some of the biggest companies in the industry.
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| 17. | However, dividends or distributions of more than 25 % are subject to'special'rules for ex-dividend dates.
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| 18. | For these larger'special dividends', the ex-dividend date is generally one stock trading day after the dividend payment date.
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| 19. | Some large Hanson shareholders pursue quarterly tax strategies that involve buying or selling Hanson shares ahead of the company's ex-dividend date.
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| 20. | That's because a company's share price initially falls by the amount of the dividend payment on the ex-dividend date.
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