A dividend adjustment is applied on the ex-dividend date in the form of the corresponding amount of tokens.
Conditions for Applying Dividend Adjustments
To qualify for a dividend adjustment, you must hold the relevant tokenised stocks, ETFs, or indices (as an index includes stocks that may be subject to dividend adjustments) as of the ex-dividend date.
The adjustment applies both to tokens purchased in Exchange mode and for operations in Leverage mode.
For Short operations in Leverage mode, the dividend adjustment is negative.
How Is the Adjustment Amount Calculated?
Number of tokenised stocks held as of the ex-dividend date × Dividend amount paid by the issuer of the underlying asset.
The dividend adjustment is paid in currency tokens representing the currency in which the dividends are paid by the issuer of the underlying assets.
If you have an open operation in Leverage mode on the ex-dividend date, the dividend adjustment will be credited/debited in the currency of the wallet used to maintain that operation.
Where Can I Find the Ex-Dividend Date?
Information about ex-dividend dates can be found on various publicly available online resources, for example, in the dividend calendar on Investing.com.
When determining the quantity (amount) of such amount of tokens to be credited to the Client's account the Company shall be entitled to take into account inter alia the sums and (or) rates of taxes (duties) and other obligatory payments to the state budget (inter alia provided for by foreign law), which in connection with committing Corporate actions are subject to being paid by the owners of the underlying assets the price (value) of which determine the price (value) of the relevant Tokenised assets and (or) by the entities which carry out hedging of risks to which the Company is exposed.
Dividend adjustments for tokens representing U.S. shares, indices, and ETFs are credited after a 30% deduction.