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Do Not Reduce Order |
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Do Not Reduce Order (DNR Order) Limit order to buy or to sell, or a stop limit order to sell that is not to be reduced by the amount of an ordinary cash dividend on the ex-dividend date. A "do not reduce order" applies only to ordinary cash dividends, and not stock dividends or rights. Do Not Reduce Order In a limit order following the ex-dividend date, an instruction not to reduce the limit price by the amount of the dividend. Most of the time, following the ex-dividend date, the price of the limit order is reduced because the coming dividend will belong to the current owner, rather than the buyer. One issues a do not reduce order if one believes that demand for the stock justifies the higher price. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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