TeachMeFinance.com - explain Cum dividend
Cum dividend -- With dividend; on the London Stock Exchange
when a stock is sold cum dividend it means that a dividend
has been declared or is due on the stock and that the
dividend goes to the buyer of the stock. On the New York
Stock Exchange the corresponding term is dividend on.
About the author
Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.