Set as homepage
You dont have Flash Player

Dividend payment

Payment of dividends by companies whose shares are the underlying instruments for CFDs on stocks, as well as by companies whose shares are part of the stock Indie,s which are the underlying instruments for CFD on indices, are not included in quotations by X-Trade Brokers.

Positions not closed during the session preceding the first session, on which those instruments will be listed as ex-dividend and will will be adjusted for additional swap points (swap points will contain both the daily swap arising from the position rollover and the dividend amount).

Cash dividends

Cash dividends on Equity CFDs are paid according to the underlying equity, although you are not the beneficial owner of the shares. Long positions will be credited with net dividend and short positions will be charged with gross dividend.

Let’s assume that XYZ company announces a dividend payment of PLN 2 per share and the tax rate equals 19%. Investor A holds a long position and Investor B holds a short positions of 100 XYZ CFDs on the ex-dividend date.

 

  Investor A (long) Inwestor B (short)
Gross dividend - 100*PLN 2
Net dividend 100*PLN 2*(1-0,19) -
Credit (Debit) PLN 162 PLN (200)

 

On the ex-date each client holding a long position in relevant Equity CFD will be credited with net dividend (after-tax dividend) and each Client holding a short position will be debited with gross dividend. Dividends are calculated basing on the number of Equity CFDs (equivalent to number of underlying instruments ) held in the account.