Stocks are marked down on the first day of closure of their register. By marking down a stock the dividend per share is deducted from the current share price to arrive at the adjusted price. The adjusted price is also called the ex-div price. Before stocks are marked down their share price are said to be trading at the cum-div price.
The following stocks will be marked down for dividend this week.
|Company||Dividend||Bonus||Closure of Register||AGM Date||Payment Date|
|Aluminium Extrusion||8.5 kobo||Nil||26th June – 10th July||10th July 2015||13th July 2015|
|ETI||Nil||1 for 15||25th – 29th June 2015||19th June 2015||N/A|
|eTranzact International||5 kobo||Nil||22nd – 26th June 2015||23rd July 2015||6th August 2015|