Term
Ex-dividend date
The first day a share trades without the right to the next dividend. If you buy on that day or later, the dividend goes to whoever sold it to you; to collect it you have to own the share before. On that day, all else equal, the price tends to open lower by roughly the dividend.
In pesos: If a $100 MXN share will pay a $2 dividend, buying it the day before the ex-date gets you the $2; buying it on the ex-date does not, but all else equal you would pay around $98. In a simulator that pays no dividends, that drop is simply lost.
Where to go deeper
2/4 6 min Read What you actually buy when you buy a share A share is a piece of a company, not a number on a screen. Where its value comes from, why the price moves, what a dividend is, and why it is not a lottery ticket.More terms on the same topic
Educational content only: not financial, investment or tax advice. The numbers are examples to understand the idea, not a forecast or a recommendation.