It looks like Yodogawa Steel Works, Ltd. ( TSE:5451 ) is about to go ex-dividend in the next 3 days. Typically, the ex-dividend date is two business days before the record date, which is the date on which a company determines the shareholders eligible to receive a dividend. The ex-dividend date is of consequence because whenever a stock is bought or sold, the trade can take two business days or more to settle. Therefore, if you purchase Yodogawa Steel Works' shares on or after the 29th of September, you won't be eligible to receive the dividend, when it is paid on the 2nd of December.