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Cum Dividend

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Cum dividend
With dividend; said of a stock whose buyer is eligible to receive a declared dividend. Stocks are usually "cum dividend" for trades made on or before the third trading day preceding the record date, when the register of eligible holders is closed for that dividend period. Antithesis of ex-dividend.

Cum Dividend
Describing a share being traded where the buyer is entitled to the next dividend. That is, the seller sells the right to the next dividend along with the actual share. Shares are traded cum dividend before the ex-dividend date.

cum dividend
Used to refer to a stock trading such that buyers qualify to receive the next dividend payment. Stocks trade cum dividend until the fifth business day before the record date. Compare ex-dividend.


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As the dividend is about to be paid, the market capitalisation given must be cum dividend.
A long arbitrageur is someone who purchases shares cum dividend and sells them ex dividend.
This represents an increase of 11% over 1994 after adjustment for the two-for-one stock split carried out in September 1995, which was effected cum dividend January 1, 1995.
 
 
 
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