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Stock Terms: What Do XR, XD And DR Mean?

2011/4/25 11:29:00 281

Listed company

When stock dividends are allocated to shareholders, that is, when the company's surplus is converted to capital increase or when the rights issue is made, it is necessary to ex share the stock price (XR). XR is the abbreviation of EXCLUD (elimination) RIGHT.

The listed company distribuves the surplus to shareholders in cash, and the share price will be ex dividend (XD). XD is the abbreviation of EXCLUD (excluding) DIVIDEN (interest).

DR indicates that the day is the dividend and ex dividend date of the stock, D is the abbreviation of DIVIDEN (interest), and R is the abbreviation of RIGHT (right).

Stock ex rights

The process is: when a listed company announces a share issue or a rights issue, it is called the right stock before the share bonus has not been allocated and the rights issue has not yet been allotment.

A joint stock company that has to go through the procedures of authorization shall be reported to the competent authority for approval. After the approval is granted, the company can determine the date of registration and the date of its cancellation.

All shareholders who own the stock on the date of stock registration enjoy the right to receive or subscribe for shares, and then participate in dividends or allotment.

Day (usually on the day of the registration date of stock registration), on the day of ex dividend, the exchange will give a hint on the stock abbreviation according to the difference of dividends. Before the name of the stock is added, XR will be ex dividend. The quoting price will appear on the day of the ex dividend. The calculation of the ex dividend quotation will be different because of the dividend or the paid share issue. The comprehensive formula is as follows: ex dividend price = (ex dividend day closing price + allotment price * stock allotment price dividend per share) / (1 + allotment ratio + stock delivery ratio). The opening price of the ex dividend date is not necessarily equal to the ex dividend price. The ex dividend price is only a reference price for the opening price of the ex dividend date. Ex rights

When practical

Opening price

When it is higher than the theoretical price, it is called the right to fill the right, and the shareholders can make profits. Instead, when the actual opening price is lower than the theoretical price, it is called the right to paste, and the right to fill and paste is the two possibility after the stock is eliminated. It is related to many factors such as the market condition, the operation of the listed company, the proportion of the allocation, etc. there is no definite rule to follow. Generally speaking, the stock price of the listed company is reduced after the allocation, the unit price is reduced, the liquidity is further strengthened, and the space for the increase is relatively increased.

However, this does not allow the listed companies to distribute arbitrarily, and it should also regulate their behavior according to their own business conditions and relevant state laws and regulations.

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What is the right to ex dividend, ex dividend, ex dividend and ex dividend?

Ex dividend is caused by the increase in the share capital of a company, the decrease in the real value (net assets per share) represented by each share, and the elimination of this factor from the stock market price after the fact occurs.

Since dividends are distributed by company shareholders, the actual value (net assets per share) represented by each share is reduced. It is necessary to exclude this factor from the stock market price after the fact occurs.

What is the right to fill, what is the right to paste?

be traded at a higher price than the ex-rights price after ex-rights and ex-dividends

The right to fill is a period of time after the ex dividend, if the majority of the stock is good, the market price of the stock is higher than the ex dividend (ex dividend) benchmark price, that is, the share price has risen before the ex dividend, which is called the right to fill.

Right to paste

The right to make a right is a period of time after the ex dividend, if the majority of people do not value the stock, the market price is lower than the ex dividend (ex dividend) benchmark price, that is, the stock price is lower than the ex dividend before the dividend.