Ex-Dividend Date (XD)
The first day on which a share trades without the right to a dividend that has already been declared. Buy on or after this date and the seller keeps that payment, not you. It is fixed by reference to the record date -- the day the issuer looks at its register to see who is entitled -- and on SGX it normally falls one market day earlier. A share price will often fall by roughly the dividend on this date, because the entitlement has left it.
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