Category: Money tips Release Date: 2007-03-26
Xiao Zhang Teacher:
Shanghai and Shenzhen listed companies to turn to profit-sharing, and ask how the company's distribution of profits after the ex dividend?
Shanghai Chen
Mr. Chen:
Shanghai and Shenzhen stock market listed companies generally use the stock dividend distribution of profits and cash dividend of two kinds, that is, collectively referred to as Song Honggu and sending cash. When the listed companies distribute dividends to its shareholders, it is necessary to conduct the stock goes ex-dividend; Song Honggu when the listed company to its shareholders when the stock should be ex.
When a listed company announced a profit the previous year available for distribution and is ready to be implemented, then the stock is called Han Quangu as holders of the stock dividend payable on the enjoyment of rights. At this stage of listed companies to announce a time known as the "equity Registration Day", that is, the close of that day to hold the stock dividend to shareholders on the enjoyment of rights.
To shareholders of record, its shares will be ex-dividend ex-dividend, which is contained in the stock dividend will be right to be lifted. Ex-ex-dividend in shares after the closing date of registration. Ex-rights to buy shares after shareholders will no longer enjoy the right to dividend payout.
The ex-dividend ex-dividend date in the stock, stock exchange should be calculated ex-dividend ex-dividend stock price as investors in the ex-dividend date Ex-opening reference.
Because in the opening with the right of pre-owned stocks, but the day after the close of their transactions, the stock will no longer participate in the distribution of profits, so in fact is the ex dividend price of shares to be registered on the closing price of change. In this way, ex-dividend price is registered on the closing price per share minus the cash dividend should be allocated to its formula is:
Ex-dividend price = closing price on date of registration - per equity share of the right to be
For the ex-dividend to shareholders of record on the closing price of the shares excluding the contain is the ex-dividend quotation.
Its calculation formula is:
Share price of = shareholders of record on the closing price ÷ (1 + per Major Holders rate)
If the stock dividends or cash dividends, when there are bonus shares, then the ex-dividend ex-dividend price:
Ex-rights price = (closing price on date of registration of shares - a cash dividend per share to be sub-allotment rate + × allotment price) ÷ (1 + rate + Major Holders per share per share allotment rate).
Kobari teacher
