EX-Date Jan 4th Hope this helps
The ex-date is Jan 4th on MOT stock set by SEC and Nasdaq. Anyone trading shares prior to this date is also selling their due bills and is giving up the right to the dividend. Unlike other dividends which belong to the seller after the ex-date and day of record but BEFORE the payed dividend. If the stock is traded as normal the due bill will need to be attached to show that the stock is being sold without dividends (ex-dividend)and the buyer of such stock will receive none, the dividend belongs to the seller. The ex-date (x-date) for MOT is set for Jan 4th the day after the dividend (shares/split). Anyone selling their Mot stock prior to the ex-date is also selling the extra 1/8 share right to MMI. This is why everyone is being told if you sell your shares you forfeit your right to the dividend and if you want a dividend you need to own the stock Jan 3rd.
THE MOT stock traded today is NOT "ex-dividend" it is "DIVIDEND"!
In the context of corporate actions (such as dividends, issuance of rights and warrants, splits, etc.), the period during which remittances to investors are due - once stockholders of record are checked on the record date.
Investopedia explains Due Bill Period
For example, suppose that a stock is going to issue a regular quarterly dividend. The record date is the date at which the list of stockholders of record is prepared - anyone who is on record as owning the stock as of that date will receive the dividend ( NOT TRUE IN THIS CASE). The ex-date, which (USUALLY) occurs two days earlier, is the date at which the shares trade on the open market without the right to the dividend (i.e. the time at which a buyer cannot settle his purchase in time to be a holder of record for the dividend).
The period beginning at the record date and usually ending two days later (four days after the earlier ex-date) is when the identities of the holders of record are known and payment is due to them - this is the due bill period.
