We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 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!
Contract effected Ex-Dividend
Options

Umiamz
Posts: 594 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
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.9K Work, Benefits & Business
- 598.7K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards