Dividends on CFD on shares

Dividends on CFD on shares

Contracts for difference (CDF) holders unlike holders of corporation stocks do not receive dividends as such. In the process of trading "Dividend Adjustment" is taken into consideration. A dividend adjustment is applied if any of positions are opened at the record date - ex-dividend date. In the case of a long position (“bought”) – the dividend adjustment is added to the client's account. In the case a short position (“sold”) – the dividend adjustment is debited from the client's account. Example:

On 14 September 2007 (Declared Date) the executive board of the Alcoa Inc (AA) company declares a regular quarterly dividend distribution in the amount of $ 0.17 / per share; Ex-Date - 31.10.2007, Record Date - 2.11.2007, Pay Date - 25.11.2007. If on 31 October, before opening, the long position in 1 lot (100 shares) amount is opened, 100 х 0.17=17$ will be added into the CDF holder account. If on 31 October, before opening, the short position in 1 lot (100 shares) amount is opened, $ 17 will be debiting. Crediting/ debiting will be carried out on 31 October.

The dates of dividend distributions on the companies, whose shares are the basic assets for CDF, can be seen in the table:

Ticker Declared Record Date Pay Date Ex-Date Amount, $ Period
#AA 29/09/2016 04/11/2016 25/11/2016 08/11/2016 0.0300000 Quarter
#AIG 02/08/2016 15/09/2016 29/09/2016 13/09/2016 0.3200000 Quarter
#AXP 27/09/2016 07/10/2016 10/11/2016 05/10/2016 0.3200000 Quarter
#BA 27/06/2016 12/08/2016 02/09/2016 10/08/2016 1.0900000 Quarter
#CAT 12/10/2016 24/10/2016 19/11/2016 20/10/2016 0.7700000 Quarter
#DD 20/10/2016 15/11/2016 14/12/2016 10/11/2016 0.3800000 Quarter
#DIS 29/06/2016 11/07/2016 28/07/2016 07/07/2016 0.7100000 Annual
#GE 09/09/2016 19/09/2016 25/10/2016 15/09/2016 0.2300000 Quarter
#HD 18/08/2016 01/09/2016 16/09/2016 30/08/2016 0.6900000 Quarter
#HON 27/07/2016 19/08/2016 09/09/2016 17/08/2016 0.5950000 Quarter
#HPQ 20/07/2016 14/09/2016 05/10/2016 12/09/2016 0.1240000 Quarter
#IBM 25/10/2016 10/11/2016 10/12/2016 08/11/2016 1.4000000 Quarter
#INTC 15/09/2016 07/11/2016 01/12/2016 03/11/2016 0.2600000 Quarter
#IP 11/10/2016 15/11/2016 15/12/2016 10/11/2016 0.4625000 Quarter
#JNJ 20/10/2016 22/11/2016 06/12/2016 18/11/2016 0.8000000 Quarter
#JPM 20/09/2016 06/10/2016 31/10/2016 04/10/2016 0.4800000 Quarter
#KO 21/07/2016 15/09/2016 03/10/2016 13/09/2016 0.3500000 Quarter
#MCD 28/09/2016 01/12/2016 15/12/2016 29/11/2016 0.9400000 Quarter
#MMM 09/08/2016 19/08/2016 12/09/2016 17/08/2016 1.1100000 Quarter
#MO 25/08/2016 15/09/2016 11/10/2016 13/09/2016 0.6100000 Quarter
#MRK 26/07/2016 15/09/2016 07/10/2016 13/09/2016 0.4600000 Quarter
#MSFT 20/09/2016 17/11/2016 08/12/2016 15/11/2016 0.3900000 Quarter
#PFE 22/09/2016 11/11/2016 01/12/2016 08/11/2016 0.3000000 Quarter
#PG 11/10/2016 21/10/2016 15/11/2016 19/10/2016 0.6695000 Quarter
#T 30/09/2016 10/10/2016 01/11/2016 05/10/2016 0.4800000 Quarter
#UTX 12/10/2016 18/11/2016 10/12/2016 16/11/2016 0.6600000 Quarter
#VZ 01/09/2016 07/10/2016 01/11/2016 05/10/2016 0.5775000 Quarter
#WMT 18/02/2016 09/12/2016 03/01/2017 07/12/2016 0.5000000 Quarter
#XOM 26/10/2016 10/11/2016 09/12/2016 08/11/2016 0.7500000 Quarter
#AAPL 25/10/2016 07/11/2016 10/11/2016 03/11/2016 0.570000 Quarter
#AMZN -/-/- -/-/- -/-/- -/-/- - -
#BAC 27/07/2016 02/09/2016 23/09/2016 31/08/2016 0.0750000 Quarter
#CSCO 09/09/2016 05/10/2016 26/10/2016 03/10/2016 0.2600000 Quarter
#EBAY -/-/- -/-/- -/-/- -/-/- - -
#FB -/-/- -/-/- -/-/- -/-/- - -
#FDX 19/08/2016 12/09/2016 03/10/2016 08/09/2016 0.4000000 Quarter
#GOOG -/-/- -/-/- -/-/- -/-/- - -
#PEP 14/07/2016 02/09/2016 30/09/2016 31/08/2016 0.7525000 Quarter
#YHOO -/-/- -/-/- -/-/- -/-/- - -