Glossary

Ex-Dividend Date

By Rohan Fernandes, Founder · Updated 2026-08-22 · Educational reference, not investment advice

The ex-dividend date is the first trading day a buyer of the stock no longer receives the declared dividend; the price is expected to open lower by roughly the dividend. For options, it is the date short in-the-money calls face rational early assignment when the dividend exceeds their remaining time value.

The mechanics, the pricing effects, and the assignment comparison are covered in dividends and options. As a calendar item it belongs on the same watch list as earnings dates: both are scheduled events that change a position's statistics mid-trade, and screens that gate on one extend naturally to the other.

Educational reference. Options Scanner is a software tool. It is not a broker-dealer, an investment adviser, or a fiduciary, and nothing on this page is investment advice or a recommendation to buy or sell any security. Options involve risk and are not suitable for every investor; read the Characteristics and Risks of Standardized Options before trading. Examples use hypothetical numbers for illustration only.