What is the ex dividend date of A shares?

What is the share record date and ex-rights and ex-dividend date?

The shares of listed companies circulate in the trading market every day, and when the listed company gives shares, pays dividends or allotments, it needs to set a certain day to define which shareholders can participate in dividends or participate in allotments, and this day is the equity registration date. That is to say, on the day of the equity registration date still hold or buy the company's ** investors are shareholders who can enjoy the dividend or participate in the allotment, this part of the shareholder register by the ** registration company in the record, at that time the bonus shares, cash dividends or allotment rights should be transferred to the accounts of this part of the shareholders.

Therefore, if investors want to get dividends and allotments of a listed company, they must find out what day the company's equity registration date is, otherwise they will lose the opportunity to distribute dividends and allotments.

The first day after the equity registration date is the ex-dividend date or ex-dividend date, and the shareholders who purchased the company's ** on this day are different from the "new shareholders" who can enjoy the dividends of the previous year, and no longer enjoy the company's dividends and allotments.

Question addendum: I am currently holding 2000 shares of Tuopai Qujiu 600702, and next Monday will be the ex-dividend date, I don't understand if there will be any disadvantages for me?

If you can't see the pros and cons for the time being, you just wait for the dividends.

The dividend payment date of the ex-dividend date of A shares is the day when the listed company implements the dividend plan, and the opening price of the day will be discounted to remove the part corresponding to the dividend of the stock**.

It's the day of the ** send shares, send money and remove rights!

Rest assured.

You're talking about coming here at eight o'clock, huh? 02

The ex-dividend date is the day on which the listed company pays dividends and dividends, and also refers to the next trading date after the share record date. If the investor already owns the ** on the record date and sells the ** on the ex-dividend date, the investor can still enjoy cash dividends, bonus shares and rights rights.

Ex-rights and dividends are an adjustment behavior made by deducting the weight of the dividends received by shareholders included in the market price when a listed company pays cash dividends or bonus dividends. Since the increase in the company's share capital or dividends leads to a decrease in the company's distributable profit and cash, the actual value of the enterprise represented by each share** will also decrease, so it is necessary to adjust the ex-rights and dividends after the occurrence of this fact.

The ex-dividend date is the next trading day after the share record date. On the ex-dividend date of **, the exchange must calculate the ex-dividend price of ** as a reference for shareholders to open on the ex-dividend date. Its meaning is the date on which the dividend is distributed to shareholders.

The specific algorithm is as follows:

1. Calculate the ex-dividend price:

Ex-dividend price = ** price on the dividend record date - cash amount of dividends per share.

2. Calculate the ex-right price:

The ex-rights price after the bonus shares = the ** price on the equity record date (1 + the number of bonus shares per share).

3. Calculate the ex-dividend price

Ex-dividend price = (** price on the record date of the share - cash amount of dividends per share + allotment price Number of allotments per share) (1 + number of bonus shares per share + number of allotments per share).

Legal basis

Company Law of the People's Republic of China (2013 Amendment).

Article 125 The capital of a share is divided into shares, and the amount of each share is equal.

The company's shares take the form of **. ** is a certificate issued by the company certifying the shares held by the shareholder.

Article 126 The principle of fairness and impartiality shall be applied to the issuance of shares, and each share of the same type shall have the same rights.

For the same type of issuance of **, the issuance conditions and ** per share shall be the same; The same price shall be paid for each share subscribed by any unit or individual.

For the company's shareholders, it is definitely not a stranger to the ex-rights and dividends of **. Because after the company is listed, when the distribution of ** is carried out, it is often necessary to carry out ex-rights and dividends before it can be distributed to the company's major shareholders.

In fact, the dividend ex-right of ** is generally more neutral. Because the main purpose of ex-dividend distribution is that the listed company wants to cash out a small part of the company's profits to shareholders, it is generally difficult for shareholders to obtain large profits, but from the perspective of long-term investment, the dividends that shareholders can obtain mainly depend on the growth and dividend ability of the follow-up company, so there is no good or bad thing about the general dividend distribution. However, it is worth mentioning that if there is no change in the circulation and capital capacity of the listed company, it is often impossible to pay dividends out of rights.

Shareholders have not understood that ** dividends should be ex-rights, and they think it is unreasonable. The point is that dividends held for less than a year, and taxes should be deducted for returning grandchildren, which is considered to be an IQ tax. If you run a company on your own and have to pay dividends from the company's books at the end of the year, will the value of the company be less?

The net assets are 20 million, of which the cash is 1,000, and the dividend is 5 million, is the net asset only 15 million. The dividend itself will make the net asset value of the enterprise lower, which will lead to a decrease in the corresponding proportion of the enterprise value. Interestingly, in the ** trading market, it is the corresponding market value that is less than the corresponding market value, not the same proportion of market value.

For example, if the market value of a company with a net asset of 20 million and 10 million cash is 200 million, the market value will become 100 million after the dividend of 5 million. It is not because the company has less than 1 4 net assets that it is directly discounted, but the book value is erased. In this regard, it fully reflects the rationality of dividends.

In reality, the growth of the P/E ratio, the stock price will naturally fill in the right, the P/E ratio of the first, the stock price from the potato and fill the right far away. But everything is prosperous and must decline, and declining must win. For a profitable company, the price-earnings ratio will not always be **, so it is sooner or later for the stock price to be filled, and it depends on whether investors can wait until that day.

When the P/E ratio falls to a certain extent, the funds for long-term investment will be more and more deployed, and if there are more funds, the stock price will naturally rise, and the P/E ratio will naturally return to a certain height.

Generally, ** dividends will not be ex-righteous, but there are some exceptions, you can consult customer service.

Because the main purpose of the ex-dividend is that the listed company wants to cash out a small part of the profits to shareholders, it is generally difficult for shareholders to obtain large profits.

Dividends will not be ex-rights, dividends are to pocket some of the income you have obtained in the **, and have nothing to do with your**.

The ex-dividend date refers to the time when the listed company will issue ** or dividends to shareholders. Ex-rights and ex-dividends actually have two levels of meaning, if the listed company chooses to allot shares to shareholders, then it needs to be ex-rights;If the listed company chooses to distribute the company's profits to shareholders in cash, then it needs to ex-dividend. If an investor only ** the listed company's shares on the day of the dividend ex-dividend date, he will not be able to enjoy the dividend.

On the day of the ex-dividend date of dividends, the opening price of ** is not necessarily the ex-right price, the ex-right price is calculated according to the ** price of the previous trading day and the allotment price and other data, if the opening price of the ex-dividend date is lower than the calculated **, then it belongs to the discount right, which is a bad news for investors, if the opening price of the ex-dividend date is higher than the calculated ex-right price, it belongs to the right to fill in, as long as it is before the day to buy the pants Min listed company ** investors, can get profits.

The ex-dividend date refers to the time when a listed company pays out ** or dividends to shareholders. There are actually two levels of ex-rights and dividends. If the listed company Liang Yuansi chooses to issue shares, it needs to be ex-rights share price; If a listed company chooses to distribute corporate profits to shareholders in the form of cash, it needs to have an ex-dividend share price.

If an investor buys a listed company's ** on the dividend ex-dividend date, he cannot enjoy the dividend.

Introduction to ex-rights and dividends.

On the ex-dividend date of dividends, **opening** is not necessarily ex-rights**, ex-rights ** are calculated according to the previous trading day**price and allotment**, if the ex-rights ex-dividend date opening **is lower than the calculation**, it is discounted, which is bad news for investors, if the opening ** of the ex-dividend date ** is higher than the calculation of ex-rights**, it belongs to filling, as long as investors take the slag to buy the ** of the listed company before the day, they can get profits.