These factors return the difference in days to/from either the dividend ex-date or pay-date. Below is an example showing two Microsoft dividends ex-dates and related factors DaysFromDivEx and DaysToDivEx values at different Point In Time (PIT) dates.

Please note the following:

• Historically, the factors are evaluated weekly on Saturdays to or from the dividend ex-date. Therefore, only weekend PIT values are shown.
• The factors related to the pay-date work in a similar fashion.