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AAPL's last eight ex-dividend mornings: adjusted reference vs. the actual open

Answered against 22 years of US equities and 12 years of US options data and published with the query that produced it. This result is stored as of 2026-08-22, from What Is an Ex-Dividend Date? How It Works.

as of series 8×6read in context →
AAPL's last eight ex-dividend mornings: adjusted reference vs. the actual open — 8 rows by 6 columns, computed from US exchange, SIP and OPRA data.
ex_dateprior_session_closeadjusted_referenceex_date_opendividendactual_overnight_change
2026-08-10313.3313.03306.830.27-6.47
2026-05-11293.22292.95291.9790.27-1.24
2026-02-09278.03277.77277.9050.26-0.13
2025-11-10268.54268.28268.960.260.42
2025-08-11229.365229.1227.920.26-1.45
2025-05-12198.54198.28210.970.2612.43
2025-02-10227.71227.46229.570.251.86
2024-11-08227.69227.44227.170.25-0.52
Rows × columns
8 × 6
Period covered
to
Computed
Completeness
No missing values
Source
US exchange, SIP and OPRA market data
Licence
Strasmore terms · free, no signup
Formats
JSON · CSV · the SQL below

What each column holds

Column definitions for AAPL's last eight ex-dividend mornings: adjusted reference vs. the actual open, derived from the stored result.
ColumnTypeRangeNotes
ex_date date 2024-11-08 to 2026-08-10
prior_session_close number 198.54 to 313.3 US dollars
adjusted_reference number 198.28 to 313.03
ex_date_open number 210.97 to 306.83 US dollars
dividend number 0.25 to 0.27
actual_overnight_change number -6.47 to 12.43

Computed from Strasmore's warehouse of US exchange, SIP and OPRA market data. Equity prices are delayed; options greeks and implied volatility are end-of-day. This result is stored, not recomputed on load — it is exactly the numbers that were returned on , and the query below is what returned them.

the exact SQL behind every number
WITH divs AS (
    SELECT 1 AS k, ex_dividend_date AS ex_date, cash_amount
    FROM global_markets.stocks_dividends
    WHERE ticker = 'AAPL' AND distribution_type = 'recurring' AND ex_dividend_date <= today()
    ORDER BY ex_dividend_date DESC
    LIMIT 8
),
rth AS (
    SELECT toDate(toTimeZone(window_start, 'America/New_York')) AS et_date,
           toTimeZone(window_start, 'America/New_York') AS et_ts,
           open, close
    FROM global_markets.delayed_stocks_minute_aggs
    WHERE ticker = 'AAPL'
      AND window_start >= now() - INTERVAL 800 DAY
      AND (toHour(toTimeZone(window_start, 'America/New_York')) * 60
           + toMinute(toTimeZone(window_start, 'America/New_York'))) >= 570
      AND (toHour(toTimeZone(window_start, 'America/New_York')) * 60
           + toMinute(toTimeZone(window_start, 'America/New_York'))) < 960
),
opens AS (SELECT 1 AS k, et_date, argMin(open, et_ts) AS day_open FROM rth GROUP BY et_date),
closes AS (SELECT 1 AS k, et_date, argMax(close, et_ts) AS day_close FROM rth GROUP BY et_date)
SELECT d.ex_date,
       c.day_close AS prior_session_close,
       round(c.day_close - d.cash_amount, 2) AS adjusted_reference,
       o.day_open AS ex_date_open,
       d.cash_amount AS dividend,
       round(o.day_open - c.day_close, 2) AS actual_overnight_change
FROM divs d
INNER JOIN opens o ON o.et_date = d.ex_date
ASOF INNER JOIN closes c ON c.k = d.k AND c.et_date < d.ex_date
ORDER BY d.ex_date DESC

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