What is an ex rights interest rate cut, and why does the ex rights and ex dividend stock price fall

A downward adjustment of the stock price in response to the payment of ** dividends or a cash increase is ex-rights, and a downward adjustment of the stock price in response to the payment of cash dividends is an ex-dividend.

The ex-rights or ex-dividends arise because the investors buy the same company's ** before the ex-rights or ex-dividend date and the purchaser on the same day, but the underlying rights and interests are different, which is obviously quite unfair. Therefore, the stock price must be adjusted downwards on the ex-rights or ex-dividend date to become the ex-rights or ex-dividend reference price.

Ex-dividend reference price.

In order to make the ** before the ex-dividend (including cash dividends) consistent with the ** bought after the ex-dividend, the company will reduce the ** according to the cash dividend by the same amount when issuing cash dividends, which is the ex-dividend reference price.

Ex-dividend date declaration reference price = previous trading day** price cash dividend amount.

For example, Company A decided to go ex-dividend on August 7 and pay a cash dividend of 3 yuan. The ** price on August 6 is 50 yuan, so the opening reference price on August 7 will be (50 3) yuan, which is 47 yuan.

Calculation of the ex-rights reference price.

When the company pays ** dividend, the number of shares outstanding increases, but before and after the issuance, the overall value of the company remains the same, but the number of shares increases, so after the ex-rights, the value per share will decrease and become the ex-rights reference price.

Ex-rights reference price = the **** price (1 + allotment ratio) on the previous trading day

For example, Company B decided to distribute a dividend of 500 shares (i.e. 50% allotment rate) on July 15. The ** price on July 14 is 150 yuan. Then the reference price on the day of ex-rights on July 15 will be (150 1+ yuan.

Calculation of the reference price for both ex-rights and ex-dividends.

Ex-rights and ex-dividend reference price = (the **** price on the previous trading day, cash dividend amount) (1 + allotment ratio).

Ex-rights means that the new ** holder cannot enjoy the rights of the capital increase allotment during the cessation of transfer period. It is to deduct the rights and interests obtained by circulating shareholders (in the full circulation market, in fact, there is only the concept of shareholders) from the market value. Therefore, not only the sending, transferring, and allotment of shares should be ex-rights, but also the dividends should also be ex-rights.

Ex-rights are readjusted after dividends are paid. For example, the dividend plan is 10 shares for 10 shares, and the current price is 20 yuan shares. Then after giving away the shares, the stock price will become 10 yuan shares, and the amount of ** you will get has doubled, but your total wealth value has not increased.

The interest rate cut refers to the reduction of the interest rate on deposits and loans by the People's Bank of China. Generally speaking, after the occurrence of ex-rights and interest rate cuts, it can often be beneficial to **.

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That is to say, although the stock price has fallen, the number of ** in my hand has increased, and the total assets will not have much impact.

The person who ex-rights reserves the right to share in the company's new issuance. Ex-rights increase the number of shares held by shareholders, which is conducive to dividends in the future.

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The reason why the ex-rights and ex-dividend stock price will fall is that the listed company pays dividends and gives shares, and the stock price ** is mainly because the company's total share capital increases, while the price-earnings ratio remains unchanged, so the stock price per share will decrease. However, the reduction of the stock price after the ex-rights does not mean that the shareholders will lose money before the ex-rights date, compared to the low price **** after the ex-rights without dividends and allotments, and the people who ****** before the ex-rights date can enjoy dividends and allotments, and the benefits of both are equal.

Why does the ex-dividend stock price fall?

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The reason for the ex-rights and ex-dividend stock price will be roughly reduced is that the listed company pays dividends and gives shares, and the stock price ** is mainly because the company's total share capital increases, while the price-earnings ratio remains unchanged, so the stock price per share will decrease. However, the reduction of the stock price after the ex-rights does not mean that the shareholders of the ** stock section before the ex-rights date will lose money, compared to the low price **** after the ex-rights without dividends and allotments, the people who ****** before the ex-rights date can enjoy dividends and allotments, and the benefits of both are equal.

Whether to hold ** or sell ** on the ex-dividend date, shareholders should make a choice according to the actual situation, and cannot just look at the rise and fall of short-term stock prices.

1. The literal meaning of ex-rights and dividends is to remove shareholders' rights and interests and remove dividends. Generally speaking, when a listed company passes the high transfer plan, the first thing it has to do is to calculate the cash dividends in this market, and then convert them to the share capital to get the ** after the completion of each share, followed by the split**, such as one share to two shares, two shares to three shares, etc. Finally, and most importantly, resetting the share price.

2. Generally speaking, the ex-rights and ex-dividends are relatively easy to identify, when we see in the market that some ** suddenly leave a large blank from a high to a low level, and this blank is not calculated according to the normal ** price plus or minus 10%, then this means that the stock has carried out an ex-rights and dividends.

3. In this regard, in this ** ticket, all investors who have not sold the stock on the day of the equity registration date have already received dividends or stock socks auctions.