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I thought I understood the way how those

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Kinwoep   Friday, 04/20/07 08:35:08 AM
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I thought I understood the way how those dividends are paid, but I'm confused again. From the press release:

"As previously announced, the record date for the Company's distribution of Technest common stock is April 25, 2007 and the payment date is May 4, 2007. Based on those dates, the NASD has established an ex-dividend date of May 7, 2007. "

"The ex-dividend date is the date on or after which a security is traded without the right to receive a specific dividend or distribution. Any shares of Markland common stock outstanding on the record date that are traded after the record date but before the ex-dividend date will be traded with the right to receive the Technest dividend shares. Shares of Markland common stock traded on or after the ex-dividend date shall be traded without the right to receive any Technest dividend shares. "


How can the payment day (May 4) be before the ex-dividend day (May 7), if you still have the right to receive a dividend before the ex-dividend day? Can somebody clarify these please? Thanks in advance.

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