{"slug":"ex-dividend-date-explained","qid":"pay_lag","label":"Median waits between dividend dates (trailing 12 months, all recurring US dividends)","post_title":"What Is an Ex-Dividend Date? How It Works","post_url":"/blog/ex-dividend-date-explained#q-pay_lag","columns":["dividends","median_declared_to_ex_days","median_ex_to_pay_days","avg_ex_to_pay_days"],"rows":[{"dividends":44904,"median_declared_to_ex_days":32,"median_ex_to_pay_days":5,"avg_ex_to_pay_days":8.6}],"shape":"scalar","sql":"SELECT count() AS dividends,\n       round(quantile(0.5)(dateDiff('day', declaration_date, ex_dividend_date)), 0) AS median_declared_to_ex_days,\n       round(quantile(0.5)(dateDiff('day', ex_dividend_date, pay_date)), 0) AS median_ex_to_pay_days,\n       round(avg(dateDiff('day', ex_dividend_date, pay_date)), 1) AS avg_ex_to_pay_days\nFROM global_markets.stocks_dividends\nWHERE currency = 'USD'\n  AND distribution_type = 'recurring'\n  AND ex_dividend_date >= today() - INTERVAL 12 MONTH\n  AND ex_dividend_date <= today()\n  AND declaration_date IS NOT NULL\n  AND pay_date IS NOT NULL\n  AND pay_date >= ex_dividend_date","computed_at":"2026-08-22T04:05:33.406144+00:00","elapsed":0.032301552}