What is meant by Ex-dividend?

This is the first day a share may be traded without the right to approved dividend. Shareholding must be registered in the shareholders´ register or Euroclear Sweden AB (former VPC AB) share register on the record date to be entitled to dividends. If you purchase shares on or after the first day without entitlement to dividend, you will lose the latest approved dividend. However, if you sell your shares on or after the day, you will be entitled to the latest approved dividend from the company on the date of payment for the dividends.

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