exclusive of dividend: applied to a stock traded when payment of a dividend is pending, indicating that the price of the security does not include any dividend declared (distinguished from cum dividend).
Origin of ex dividend
First recorded in 1835–45
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012