Prior to announcing year-end results of companies, dates are set out for the Closure of Register of members for the purpose of payment of dividend and issue of scrip popularly known as 'Bonus'. These dates will determine the qualification for dividends and scrips. Hence, "cum div" or "cum scrip" means purchases before the Closure of Register will be entitled to all the benefits payable on the investment while "ex div" or "ex scrip"means purchases made after the entitlements were declared. See similar questions...

Prior to announcing each dividend, companies set a date on which shares will be sold without entitlement to the dividend. Before that date they are said to be 'Ex Dividend'. If you sell the shares before the Ex Dividend date you will not be entitled to receive the dividend. If you sell shares after the Ex Dividend date, i.e. selling a share Cum Dividend, you will be entitled to receive the dividend. See similar questions...

These terms relate to actions surrounding a company declaring a dividend. Around this time share prices are quoted as 'cum-dividend' or 'ex-dividend'. Cum-dividend' means the shares carry an entitlement to the dividend. Buyers who purchase shares in this state will receive the dividend when it is due. Ex-dividend' means the shares come without the dividend. This means the buyer is not entitled to the latest declared dividend. See similar questions...

The ex-dividend date for the above dividend declaration is August 6, 2007. On (or after) this date, the security will trade without its dividend. If you buy the dividend paying stock one day before the ex-dividend date you will still get the dividend, but if you buy on the ex-dividend date or after you will not get the dividend. The ex-dividend date is the second business day before the date of record. The ex-dividend date is important because ownership takes a few days to record. See similar questions...

The ex-dividend date is the date upon which the stock begins trading without rights to the next dividend payment. Typically, the ex-dividend date is two business days before the record date, unless the intervening business day is one on which the NYSE is closed. The record date is announced in our dividend press releases. For more information, please call iStar Financial's Investor Relations department at 212-930-9400. See similar questions...

The ex-dividend date is a specific date, occurring after the dividend has been declared after which buyers are no longer entitled to receive the last declared dividend. This is known as going 'ex-dividend' and before this date the shares are said to be 'cum-dividend'. If you buy shares before the ex-dividend date, you are entitled to the recently announced dividend. If you purchase shares on or after that date, the previous owner of the shares (and not you) is entitled to the dividend. See similar questions...

The ex-dividend date is a specific date, occurring after the dividend has been announced, after which buyers are no longer entitled to receive the last declared dividend. This is known as going 'ex-dividend' and before this date the shares are said to be 'cum-dividend'. If you buy shares before the ex-dividend date, you are entitled to the recently declared dividend. If you purchase shares on or after that date, the previous owner of the shares is entitled to the dividend. See similar questions...

The morning after a share goes ex-div the price of the share will drop by the amount of the dividend (approximately). With a quarterly spread bet, the dividend will have already been removed from the price quoted by Finansbet so there will be no effect on the price quoted between the day before ex-div and the day after it. See similar questions...

Ex-Dividend - A synonym for "without dividend." The buyer of an ex-dividend stock is not entitled to the next dividend payment. Dividends are paid quarterly to all those shareholders recorded on the books of the company as of a previous date of record. For example, a dividend may be declared as payable to stockholders of record on a given Friday. See similar questions...

Since inception in 1997, ST Engineering has declared first and final dividends every year. Ex-dividend date for dividends declared for the preceding financial year is usually in early May and payment date is usually later in May. From 2007, the Group will start to distribute interim dividends on its ordinary dividends. This means that the Group will start paying dividends twice a year from 2007. See similar questions...

you may have already noticed, securities often increase in share price between the time the dividend is announced and the ex-dividend date. Likewise, the same security will many times fall the day of the ex-dividend date. This is due to investors buying up shares to capture the dividend and then selling them after they are guaranteed to be a shareholder of record for the upcoming dividend payment. See similar questions...

The date where you will actually receive the cash dividend is called the "Payable Date". It can be a few days or a few weeks after the Ex-Dividend date. The body of any post on smartdividend.com will indicate the Payable date. See similar questions...

When the cash dividend is worth more than 25% of the stock value, the ex-dividend date is the business day AFTER the payable day. You still must own the stock at market opening on the ex-dividend date to get the distribution. If you sell on the payable day (this is, the business day before ex-dividend day), you will see the cash dividend paid to you then taken out of your brokerage account. See similar questions...

Yes, if you have placed GTC limit orders (buy or sell) before the ex-dividend day, these orders are adjusted downward by the dividend amount. Not all exchanges make this automatic adjustment, however. One example is the Toronto stock exchange. Options are another beast entirely, but they are also revalued. However, some brokers allow customers to add a Do Not Reduce (DNR) qualifier, preventing this adjustment. See similar questions...

Yes, but the adjustment is not as straightforward as with outstanding GTC limit orders. The adjustment depends on what pricing model is used, whether it's a call or put, whether you are buying or selling, and whether the option is American or foreign. See similar questions...

Each year the directors have to decide how much to recommend, if any, of its profits to be reinvested in Northern Rock plc and how much, if any, will be paid out to its shareholders. Once they have decided to recommend what proportion, if any, of the profits will go to shareholders, the amount is divided equally by the number of company shares in issue, to give a dividend per share figure. See similar questions...