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  • Help Center
Doo Prime

    What Are Dividends Adjustments?

    Dividends are part of the assets that a listed company distributes to shareholders from its profits. It is usually distributed quarterly or semi-annually in the form of cash payments. Dividends are an incentive for shareholders and this attracts more people to invest in the company. CFD trading is primarily based on the fluctuations of prices. As such, Doo Prime will adjust the dividends accordingly to ensure that clients do not generate unreasonable profits and losses owing to price changes on the ex-dividend date. Please be reminded that the actual dividend adjustment amount depends on the parameters made by Doo Prime's liquidity provider, and is revised according to changes in the liquidity provider.

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    FAQ

    • Dividend Adjustment Formula

      Dividend adjustments are generally calculated on the ex-dividend date based on dividend announcements made by the listed companies. The investor's open positions, and the CFDs on the shares held by investors before the ex-dividend date will be affected by this. The dividend adjustment amount for the long position will be credited to the account, while the dividend adjustment amount for the short position will be deducted from the account.

      There is no fixed ex-dividend date for stock index trading products. Should any constituent pay dividends, which in turn affects the price of the stock index, Doo Prime will also arrange dividend adjustments.

      As long as the client holds stock indices after 00:05 (platform time) on a specific ex-dividend date, the dividend adjustment amount can be received or paid. If the position is closed before 00:05 on the ex-dividend date, it will not be affected. The calculation method is as such:

      Dividend per share × contract size per lot × volume (lots) = dividend adjustment amount

    • Dividend Adjustments Examples

      1) Individual Stocks

      Suppose you have an open position, with 1 lot of Apple shares on the ex-dividend date. According to the contract specifications, 1 lot is equivalent to 100 contracts, and the dividend per share on May 7, 2021 is calculated as USD0.2

      a) If you have a long position, the dividend adjustment amount will be positive:

      USD0.2 × 100 contracts × 1 lot = USD20

      b) If you have a short position, the dividend adjustment amount will be negative:

      -USD0.2 × 100 contracts × 1 lot = -USD20 

      2) Stock indices

      Suppose you have an open position in S&P 500 Spot Index on the ex-dividend date. According to the contract specifications, 1 lot is equivalent to 10 contracts. The dividend per share on June 18, 2021 is calculated as USD2.49

      a) If you have a long position, the dividend adjustment amount will be positive:

      USD2.49 × 10 contracts × 1 lot = USD24.9 

      b) If you have a short position, the dividend adjustment amount will be negative:

      -USD2.49 × 10 contracts × 1 lot = -USD24.9 

    Trading Product Terms

    For detailed trading product terms, please see the list below.
    If you have any questions, you can contact us at any time via online consultation/email/telephone.