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Determining the Ex-Dividend Date. On Tuesday, December 8, Lippincott Power Co.s board of directors declares a dividend of 75 cents per share payable on Tuesday,

Determining the Ex-Dividend Date. On Tuesday, December 8, Lippincott Power Co.s board of directors declares a dividend of 75 cents per share payable on Tuesday, January 26, to shareholders of record as of Tuesday, January 12. What is the ex-dividend date? If a shareholder buys stock before that date, who gets the dividends on those shares, the buyer or the seller?

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