ordinary shares

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

17 October 2010 can u plz tel me,as why do the terms like ex.div and cum.div do not apply in ordinary shares when dealing with ivestments?

CA. Chikkerur C R

CA. Chikkerur C R (Expert)
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17 October 2010 Hi

Cum Dividend- Used to refer to a stock trading such that buyers qualify to receive the next dividend

Ex - Dividend -means "without dividend." The buyer of shares when they are quoted ex-dividend is not entitled to receive a declared dividend

Querist : Anonymous

Querist : Anonymous (Querist)

17 October 2010 thanx..
so how do we record this ex.div and cum.div in investment account?

suppose if the x sold the shares to y on 1st may of $120@ and the interest is received on 30th june and 30th dec..so hw will we deal with when;

1)it was sold on ex.div
2)it was sold on cum.div?

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