Accounting Dictionary


Ex-dividend refers to recently purchased stock that will not receive the next dividend payment.

Black company has declared a $2 a share dividend to be paid on December 15th to shareholders of record on December 1st. This means that on December 1st the secretary will start typing up the dividend checks and put them in the mail on December 15th. Whoever owns the stock on December 1st will receive the dividend. If someone purchased stock between December 1 and December 15th, the new owner would not receive the dividend. We say that he has purchased the stock ex-dividend.

Sign Up to Learn More!

Join our mailing list today to get notified of new discount offers, course updates, Roger CPA Review news, and more!

Scroll to Top
Get Your eBook Today!

Fill out this form to have our eBook sent directly to your email address.

Access Until You Pass

The Elite-Unlimited course provides UNLIMITED continuing access to your course materials until you pass the CPA Exam! How does it work? Upon activating your course, you will have an initial 36 months of access. You can then renew your subscription as many times as you need to pass your exams—for FREE. Simply click the “renew” option in your student account and you can continue studying your high-quality course materials without losing any of your data and course progress.

Renewal Instructions

  •   Please purchase a renewal using the "Renew" option from the My Account page
  •   To qualify for renewal pricing, course must be renewed before it expires
  •   All renewals are effective from the current expiration date and cannot be deferred
  •   Test information cannot be reset (deleted) with renewal unless eligibility criteria is met (see Help page)