https://www.investopedia.com/terms/e/ex-dividend.a
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Posted On: 01/29/2019 11:08:04 AM
https://www.investopedia.com/terms/e/ex-dividend.asp
Quote:
If a company issues a dividend in stock instead of cash (or the cash dividend is 25% or more of the value of the stock), the ex-dividend date rules are slightly different. With a stock dividend or large cash dividend, the ex-dividend date is set on the first business day after the dividend is paid.
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