Definitions
In plain terms
A dividend may go ex and establish entitlement before cash is actually paid.
Technical
The record should distinguish scheduled from actual payment, cash from security delivery, currency, settlement status, source, corrections, and holder-specific delays.
Scope
Payment date is not the same as ex-date, record date, or the date a data vendor posts the record.
Examples
- A governed index record identifies payment date with its applicable methodology version, effective time, source, and units.
Common misconceptions
- Payment Date does not have one universal implementation without the named index methodology, data cutoff, and governance context.
Concept relationships
Prerequisites
Contrasts with
Where this concept is used
- ImportantCash-Dividend Total-Return Adjustment: From Price Drop to Exact ReturnD02-F01-A03
- ImportantRights-Issue TERP AdjustmentD02-F02-A01
- ImportantSpin-Off Price Adjustment: Separate Parent Price from Distributed ValueD02-F02-A02
- ImportantStock-Dividend Adjustment: Convert Price and Quantity Bases Without Inventing ValueD02-F02-A03
- ImportantSpecial-Dividend Adjustment: Preserve Return Meaning Across the Ex-DateD02-F02-A04
- ImportantReturn-of-Capital Adjustment: Keep Price, Return, and Tax Views SeparateD02-F02-A05
- ImportantGross Total-Return IndexD03-F04-A02
- ImportantNet Total-Return IndexD03-F04-A03
Evidence and governance
- Corporate Actions and Events Guide FTSE Russell, London Stock Exchange Group · first party methodology
Supports: preferred label, short definition, technical definition
Limits: Rules are specific to applicable FTSE Russell indices and can contain market, eligibility, tax, and timing exceptions.
- Fintech Builder Glossary Definition Contract The Fintech Builder · internal governed contract
Supports: variant distinction
Limits: Defines governed platform behavior rather than claiming these policies are universally prescribed by external McClellan methodology.
- Reviewed by
- fintech-builder-owner-approved
- Last reviewed
- 2026-07-27
- Next review
- 2027-07-27
- Record status
- published