Reinvestment date

Reinvestment date

The date on which an investment's dividend or capital gains income is reinvested, if requested by the shareholder, to purchase additional shares. Also known as the ex-dividend date.

Ex-Dividend Date

The date on which any dividend on a stock that has been declared but not distributed belongs legally to the seller, rather than the buyer. That is, when one sells a stock on or after the ex-dividend date, it will go to the seller when the next dividend comes. On the other hand, if it is sold before the ex-dividend date, the dividend will go to the buyer.