Real World Markets

Delayed last · as of 09:56 UTC

Delayed last · public tape · as of 09:56 UTC. Delayed last. Not a quote. Not an order.

Investing · 18 min

Dividends and the ex-date

A dividend is a board date, not a coupon from this classroom. Ex-date, record date, pay date — three marks, one cash move at a shop we do not run. often gaps on the ex-date. That is not a gift. REITs and funds pay on a calendar. Still not a pick. Look. Do not buy. Not a broker. is fake. is a , not a coupon.

A dotted mark is a word. Tap it if the meaning is new.

Lesson 1 of 4 · 0/4 read · quiz locked

About this pathLevel, skills, and what to read firstOpen if you want the extras. The lesson is below.

Classroom copy as of 8 September 2026.

Lessons are on. The check adds one extra scenario. Tap a dotted mark for a definition. Want the floor’s language and a harder check? How you sit is in Settings.

  • Name a dividend as a board date, not a yield we pay
  • Tell ex-date from record date from pay date
  • Read an ex-date gap as math, not a present

Read first: Stocks, explained

0 of 4 lessons read · next lesson unlocks when you mark this one read

PathLessons in this pathTap a lesson. Locked ones wait until you mark the last one read.

Lesson 1 / 4 · 5 min · take your time

A dividend is a board date, not a coupon from this classroom

Classroom slides

  • Swipe leftNext
  • Swipe rightPrevious
  • Hold PrevSlide one

1 / 6

Board 01

A dividend is a board date, not a coupon from this classroom

A dividend is a company (or a fund, or a REIT) saying it will send cash to holders of record. The board sets a date. The cash, if it arrives, arrives at a shop we do not run. We do not pay you. We do not “collect” for you.

Next time you open this lesson

We’ll open this slide when you come back. This device remembers it.

Swipe the deck. Hold Previous for slide one. A vertical swipe still scrolls the page.

A dividend is a company (or a fund, or a REIT) saying it will send cash to holders of record. The board sets a date. The cash, if it arrives, arrives at a shop we do not run. We do not pay you. We do not “collect” for you.

People talk about as if it were a salary. Yield is a ratio people after the fact. already knew the calendar, or guessed it. A high yield can be a shop that is shrinking. We will not grade it.

This classroom has no coupon. Look. Do not buy. Not a broker. is fake. is a , not a coupon.

See it on the board: Coca-Cola

Say it back below. Then the next lesson opens. If you leave the page, we will ask to save your spot.

Ask the Professor

LOOK DON'T BUY

Delayed public last when the feed is up — a number to look at, never a ticket. Paper results are hypothetical and have no cash value. Not a broker-dealer. Not a CASP or money transmitter. You cannot buy here.

Not directed at children under 13.

Passing a quiz is not a qualification or a license. The Professor will not tell you what to buy.

Delayed last. Not a broker. Lessons free. Read the full rules

Company names and tickers belong to their owners. We draw letter marks, not official logos. Not affiliated with Apple, Nasdaq, S&P, Yahoo, CoinGecko, or CoinMarketCap.

© 2026 Real World Markets™. Original classroom copy, software, World Circuit, and house marks are ours. ™ is our claim on the name — not a USPTO registration. See Marks.