DIVIDENDS FOR CASH INDICES AND SHARES CFDS

What is a Dividend?

A dividend is a distribution of a company’s earnings to its shareholders and owners, usually in the form of cash payment. When a company generates profits, those profits can be either paid out to the shareholders as a dividend or reinvested back in the business.

How a dividend affects the price of the Cash Index or Share CFD?

When a company pays out a dividend, the price of its share will fall by the amount of the dividend on the ex-dividend date. The Index that includes the underlying company will also decrease by the equivalent weighted average value of the same dividend.

How to calculate Dividends?

Traders who hold a long position will receive the dividend amount, calculated as follow:

Lots x Contract Size x Dividend Adjustment

Traders who hold a short position will pay the dividend amount, calculated as follow:

Lots x Contract Size x Dividend Adjustment

How my position will be affected from the Dividend adjustment?

easyMarkets will handle the dividend adjustment using the swaps mechanism.

Example:

Let’s assume the below:

1) There is an upcoming dividend adjustment of 1.5 USD for US Tech Index. Hence the price of the index is expected to fall on the ex-dividend date.
2) The closing rate of the Index before the ex-dividend date is 12500.00.
3) Assuming no other market forces, the Index will open at 12498.5 on the ex-dividend date.

The daily swaps values of the Index for the current week are:

MT4/MT5 Swap Long: - 2.46

MT4/MT5 Swap Short: + 0.72

easyMarkets proprietary platform/App Swap Long: - 0.0197%

easyMarkets proprietary platform/App Swap Short: + 0.0058%

On the day before the ex-dividend date, the swaps for the Index will be adjusted as follow:

MT4/MT5 Swap Long: -2.46 + 1.50 = - 0.96

MT4/MT5 Swap Short: +0.72 – 1.50 = - 0.78

easyMarkets proprietary platform/App Swap Long: -0.0197% + (0.012%) = - 0.0077%

easyMarkets proprietary platform/App Swap Short: +0.0058% - (0.012%) = - 0.0062%

* In our proprietary platforms Swap is named as Rolling fee

** Islamic accounts trading a share or a cash index on ex-dividend date, the dividend amount will be added or deducted directly from their balance

When are the upcoming dividend adjustments?

This Week

Swipe

Instrument
Monday
18/03
Tuesday
19/03
Wednesday
20/03
Thursday
21/03
Friday
22/03
US 500
0.57
-
0.68
0.12
0.27
US 30
-
-
-
-
-
US Tech
-
-
3.63
-
-
UK 100
-
-
-
6.78
-
Germany 40
-
-
-
-
-
EU Stocks 50
0.77
-
2.52
-
4.58
Swiss 20
-
-
-
-
-
Australia
0.31
0.32
0.06
0.53
-
Japan 225
0.50
-
-
-
-
Hong Kong 50
-
-
0.43
-
1.03
China 50
-
-
-
-
-
France 40
0.15
-
8.07
-
-
Italy 40
38.90
-
-
-
-
Spain 35
-
-
-
-
-

Week 1 | 04 March - 08 March 2024

Week 2 | 11 March - 15 March 2024

Week 3 | 18 March - 22 March 2024

Week 4 | 25 March - 29 March 2024

Week 1 | 05 February - 09 February 2024

Week 2 | 12 February - 16 February 2024

Week 3 | 19 February - 23 February 2024

Week 4 | 26 February - 01 March 2024

Week 1 | 01 January - 05 January 2024

Week 2 | 08 January - 12 January 2024

Week 3 | 15 January - 19 January 2024

Week 4 | 22 January - 26 January 2024

Week 5 | 29 January - 02 February 2024

Week 1 | 04 December - 08 December 2023

Week 2 | 11 December - 15 December 2023

Week 3 | 18 December - 22 December 2023

Week 4 | 25 December - 29 December 2023

Week 1 | 30 October - 03 November 2023

Week 2 | 06 - 10 November 2023

Week 3 | 13 - 17 November 2023

Week 4 | 20 - 24 November 2023

Week 5 | 27 November - 01 December 2023

Week 1 | 02 - 06 October 2023

Week 2 | 09 - 13 October 2023

Week 3 | 16 - 20 October 2023

Week 4 | 23 - 27 October 2023

Week 1 | 04 - 08 September 2023

Week 2 | 11 - 15 September 2023

Week 3 | 18 - 22 September 2023

Week 4 | 25 - 29 September 2023

Week 1 | 31 - 04 August 2023

Week 2 | 07 - 11 August 2023

Week 3 | 14 - 18 August 2023

Week 4 | 21 - 25 August 2023

Week 5 | 28 - 01 September 2023

Week 1 | 03 - 07 July 2023

Week 2 | 10 - 14 July 2023

Week 3 | 17 - 21 July 2023

Week 4 | 24 - 28 July 2023

Week 1 | 29 May - 02 June 2023

Week 2 | 05 - 09 June 2023

Week 3 | 12 - 16 June 2023

Week 4 | 19 - 23 June 2023

Week 5 | 26 - 30 June 2023

Week 1 | 1 - 5 May 2023

Week 2 | 8 - 12 May 2023

Week 3 | 15 - 19 May 2023

Week 4 | 22 - 26 May 2023

Week 1 | 3 - 7 April 2023

Week 2 | 10 - 14 April 2023

Week 3 | 17 - 21 April 2023

Week 4 | 24 - 28 April 2023

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