Just want to make sure about dividends payments. If you buy a stock on the XD date you dont get the dividends right ?
But if you buy the day before dividends you get it right ?
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babytrader wrote:
Just want to make sure about dividends payments. If you buy a stock on the XD date you dont get the dividends right ?
But if you buy the day before dividends you get it right ?
gann wrote:babytrader wrote:
Just want to make sure about dividends payments. If you buy a stock on the XD date you dont get the dividends right ?
But if you buy the day before dividends you get it right ?
YES. X has the meaning of expire or exclude.
so XD Date means date excluding dividends or expire date.
Same applies to any other types of Dates with a X prefix. eg: XR date
Pursuant to the allotment of new shares on 30th March 2011, the ordinary voting shares of the Bank have been indexed on 31st March 2011.
Please note that "XD" will not be flagged in the system for ordinary voting and ordinary non-voting shares of the Bank.
babytrader wrote:gann wrote:babytrader wrote:
Just want to make sure about dividends payments. If you buy a stock on the XD date you dont get the dividends right ?
But if you buy the day before dividends you get it right ?
YES. X has the meaning of expire or exclude.
so XD Date means date excluding dividends or expire date.
Same applies to any other types of Dates with a X prefix. eg: XR date
Also i have another question regarding XD-Dates
The following ATS msg was sent in the CSE
Pursuant to the allotment of new shares on 30th March 2011, the ordinary voting shares of the Bank have been indexed on 31st March 2011.
Please note that "XD" will not be flagged in the system for ordinary voting and ordinary non-voting shares of the Bank.
Just wondering if there are some trading platforms that indicate the XD flag for dividents etc. My brokers are bartleet, their system does not show any such flags ???
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