GLOSSARY

Cum-dividend

IN PLAIN ENGLISH

Trading with the next dividend still attached — any day before the ex-dividend date.

WHERE YOU MEET IT

Every trading day up to a holding's next ex-dividend date.

WATCH OUT FOR

A cum-dividend price includes the payment, so don't compare it directly with the price the day after.

EXPLAINED IN

Your portfolio dropped on the ex-div date

Educational content only. It is not personal financial advice.