We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Contract effected Ex-Dividend
Umiamz
Posts: 595 Forumite
I've just put a lump sum into an equity income fund on IWeb. The trade confirmation says 'This contract was effected "Ex-Dividend"'. I know what the Ex-Dividend date is in relation to dividend payments but I'm not sure what IWeb mean by the contract being effected Ex-Dividend. Can anybody enlighten me, please?
0
Comments
-
It means you are buying a share of the company WITHOUT entitlement to the most recently announced dividend. Once it went ex-div, shares are bought and sold 'ex' (without) entitlement to getting that next dividend payment; the payment is only going to be received by people who held it at the record date.2
-
Ah, OK - that's what I expected, anyway. Thanks for the explanation.0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.5K Banking & Borrowing
- 254.1K Reduce Debt & Boost Income
- 455K Spending & Discounts
- 246.6K Work, Benefits & Business
- 602.9K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards