DIVIDEND ANNOUNCEMENT FOR STOCK DERIVATIVES, JULY 2023

A stock dividend is a regular payment you receive simply for owning shares of a certain company. In a way, it‘s like earning cash for doing almost nothing, but like most aspects of money and investing, it’s more complicated than that. When a company pays shareholders dividends, it reduces its value by the dividend amount. The dividend payout leads to the share price reduction at the market opening on the ex-dividend date, which is the day the company stock starts trading without the value of the dividend. If you hold a stock derivative of a company that pays dividends, then your account will be credited with the dividend amount for Buy orders or debit it from your account for Sell orders on the ex-dividend date.

Please note that the provided information regarding the dates and dividends amount is subject to change and may be incomplete. We advise you to carefully consider the potential impact of dividend payments on your investment strategy and seek professional advice if necessary.