Products / Shares
SHARES CFDs US companies stocks
CFDs on Stocks are subject to dividend adjustments.
When a company pays dividends to its shareholders, it is essentially reducing the value of the company by the amount of the dividend.
This is reflected by a reduction of the share price at the market open on the ex-dividend date (the day that the company stock starts trading without the value of the dividend).
Holders of CFDs on Stocks do not own the underlying stock. However, they are impacted by reductions of share prices.
Therefore, to ensure no impact on positions, a dividend adjustment is made before the market open on the trading accounts of clients who hold CFD positions on Stocks.
The trading hours for each stock can be found in the table above.
Buy trades will receive an amount calculated as follows:
Dividend Adjustment = stock dividend declared x position size in shares
Sell trades will be charged an amount calculated as follows:
Dividend Adjustment = stock dividend declared x position size in shares