Lesson 2: Cash Dividends — The Four Dates That Matter. Declaration, ex-date, record, pay. Only one of them changes who gets the money.
A stock pays a $1 dividend. What happens to its price?
Go with your gut — before we walk the four dates.
Assessment
On the morning a stock starts trading without its upcoming $1 dividend, its share price most likely...
Gut feel on this one 👋