C

Glossary · PSX term

Cum-dividend.

Cum-dividend means a share is trading with the right to the upcoming declared dividend still attached.

Definition

A share trades cum-dividend up to the day before the ex-dividend date, so buyers in that window are entitled to the payout. Once it goes ex-dividend, the entitlement no longer transfers with the shares.

Worked example

Buying a stock the day before it goes ex-dividend means you buy it cum-dividend and receive the payout.

Related on PSX Clarity

Ex-dividend date

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