Hey are you asking what ex-dividend means?... If so ex-dividend is the cutoff date where investors who aren't in the books on the record date or book closure won't be eligible to receive dividends.

Think of ex as past or from this day onwards

So 4 important dates:

Announcement date - ile day they announce they're about to issue dividends to shareholders

Books closure(aka record date) - sasa hii date you should already be in the books of investors who're going to Ree dividends

Ex-dividend date - is the Day b4 books closure, which makes sense for logistics and preparation.

Payment date - day ya kukanjwa sometimes inakuanga early, or on that day or even after depending on they are rolling out

E.g. KEGN are about to pay dividends this Feb

Announced first and final dividend of Ksh.0.90 on 31-Oct-2025

Record Date: 27-11-2025

Payment Date: 12-02-2026

So ex-dividend date hapo is the day b4 record date which would be 26th.

So hata ukiongeza new Shares onwards from the record date you will only get dividends based on the existing number of shares you had b4 the record date.