Final answer:
No, a buyer cannot obtain the dividend after the normal ex-date. To be eligible for a dividend payment, the stock must have been purchased before this date.
Step-by-step explanation:
The question pertains to the payment of dividends by a company to its shareholders and specifically about the timing related to the eligibility for receiving a dividend payment.
The ex-dividend date, or ex-date, is critical in determining whether a buyer is entitled to the dividend. To obtain the dividend, an investor must have purchased the stock before the ex-date. If you buy the shares on or after the ex-date, you will not receive the dividend.
This date is set by the stock exchange where the company's shares are traded and typically occurs one business day before the record date, which is the date a company looks at its records to determine the shareholders eligible for the dividend payment.