Days from ex-dividend date to payment, four years of distributions
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 2026-10-04, from How ADRs Work: Ratios, Fees and Dividends.
| ticker | avg_days_ex_to_pay | longest_days_ex_to_pay |
|---|---|---|
| BTI | 43.1 | 48 |
| UL | 29.4 | 42 |
| TSM | 26.4 | 28 |
| PG | 25.8 | 28 |
| KO | 16.9 | 19 |
| JNJ | 14.7 | 18 |
| SAP | 10.5 | 12 |
| NVO | 9.7 | 11 |
- Rows × columns
- 8 × 3
- Computed
- Completeness
- No missing values
- Source
- US exchange, SIP and OPRA market data
- Licence
- Strasmore terms · free, no signup
What each column holds
| Column | Type | Range | Notes |
|---|---|---|---|
ticker |
text | 8 distinct values (BTI, JNJ, KO…) | |
avg_days_ex_to_pay |
number | 9.7 to 43.1 | |
longest_days_ex_to_pay |
number | 11 to 48 |
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.
Run it yourself
This is the exact query behind the result above. Change a ticker, a date or a column and run it against the warehouse — no account, no key. The no-signup tier is smaller than the one this page was computed on; a query that reaches past it comes back saying which plan runs it.
SELECT
ticker,
round(avg(dateDiff('day', ex_dividend_date, pay_date)), 1) AS avg_days_ex_to_pay,
max(dateDiff('day', ex_dividend_date, pay_date)) AS longest_days_ex_to_pay
FROM
(
SELECT
ticker,
ex_dividend_date,
any(pay_date) AS pay_date
FROM global_markets.stocks_dividends
WHERE ticker IN ('TSM', 'NVO', 'SAP', 'UL', 'BTI', 'KO', 'JNJ', 'PG')
AND ex_dividend_date >= today() - 1460
AND ex_dividend_date < today()
GROUP BY ticker, ex_dividend_date
)
WHERE pay_date > ex_dividend_date
GROUP BY ticker
ORDER BY avg_days_ex_to_pay DESC
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