Stock CFDs 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 in a reduction in the price of the share at the opening of the market on the ex-dividend date (the day the company’s share starts trading without the value of the dividend).

Holders of CFDs on shares do not own the underlying share. However, they are affected by reductions in share prices.

Therefore, to ensure that there is no impact on positions, a dividend adjustment is made prior to the market opening on the trading accounts of clients holding CFD positions on shares.

The trading hours for each stock are shown in the table above.

Buy operations will receive an amount calculated as follows:

Dividend Adjustment = Declared Stock Dividend x Share Position Size

Sell operations will be charged at an amount calculated as follows:

Dividend Adjustment = Declared Stock Dividend x Share Position Size

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