Calculator · Canada & US
Ex-dividend date calculator (T+1 settlement)
Enter a dividend record date to find the ex-dividend date and the last day to buy under T+1 settlement in Canada and the US, with holidays you add.
Since May 2024 trades settle in one business day, so the ex-date and record date usually land on the same day.
From the announcement
The tool does not know exchange holidays. Add any from your exchange's published calendar.
Key dates (T+1)
Last day to buy
Monday, December 14, 2026
Ex-dividend date
Tuesday, December 15, 2026
Record date
Tuesday, December 15, 2026
| Step | Date | What it means |
|---|---|---|
| Buy by | Monday, December 14, 2026 | A purchase on this day settles one business day later, in time for the record date. |
| Ex-dividend | Tuesday, December 15, 2026 | Buyers from today do not get this dividend. Sellers from today still do. |
| Record | Tuesday, December 15, 2026 | The company's list of shareholders who will be paid. |
| Payment | Set by the company | Usually days or weeks later. Check the announcement. |
Estimate for education, not advice. This site does not recommend, rate or rank any security and does not know your full situation. Results depend on your inputs and the simplifications listed under Method. Check tax details with the CRA or IRS, or a qualified professional. Read the disclaimer.
How to use it
- Enter the record date from the company's dividend announcement.
- Add any market holidays in that week (one per line, YYYY-MM-DD). The tool does not know holiday calendars.
- Read the ex-dividend date and the last business day you could buy and still receive the dividend.
Method and limits
- Canada moved to T+1 settlement on May 27, 2024 and the US on May 28, 2024. With one-day settlement, the ex-dividend date is the record date (when it is a business day).
- You must buy before the ex-date to be a shareholder of record, so the last day to buy is the business day before the ex-date. Selling on or after the ex-date keeps the dividend.
- Exchanges can set different dates for unusually large distributions (for example some special dividends). The exchange notice is the authority.
Frequently asked questions
Do I get the dividend if I buy on the ex-dividend date?
No. Buying on or after the ex-dividend date means the seller receives the dividend. Under T+1, buy at the latest on the business day before the ex-date.
If I sell on the ex-dividend date, do I still get paid?
Yes. You were the owner of record, so the dividend is paid to you on the payment date even though you no longer hold the shares.
Does the share price drop on the ex-date?
All else equal, the price is expected to open lower by roughly the dividend amount, because new buyers no longer receive it. Other news moves prices too, so the drop is rarely exact.
Primary sources
- SEC — Press release 2023-29: T+1 settlement (compliance date May 28, 2024)
- Canadian Securities Administrators — Notice of amendments to NI 24-101 for T+1 (May 27, 2024)
- TMX — Bulletin: ex-dividend dates move to the record date under T+1
- FINRA — Rule 11140: Transactions in securities ex-dividend
Rules checked October 31, 2026. Tax rules and rates change; confirm current details on the official pages above.