Investors buy 5,000 funds with a net worth of 2 yuan, and the principal at this time is 1 1,000 yuan. When the net value of the fund is 3 yuan, investors earn 5000 yuan. If the fund company adopts the dividend plan of 1.2 yuan/share, investors can get 6,000 yuan in cash.
After the fund pays dividends, it will be ex-dividend. After ex-dividend, the net value will become 1.8 yuan (that is, 3 yuan-1.2 yuan's net value = 1.8 yuan). The dividend fund of 6,000 yuan will be transferred to the investor's current account the next day and become available funds.
At this time, the identity before and after dividends is: 3 yuan ×5000 = after dividends 1.8 yuan ×5000+6000 yuan in cash. If cash dividends arrive, the investor's capital cost will become 9000 yuan, which is 1 000 yuan less than the initial principal, and the 6000 yuan reduced in principal and income is just the money obtained from dividends.
Fund dividends can be divided into two ways: cash dividends and dividend reinvestment. Cash dividend means that the fund company distributes part of the fund income to fund investors in cash, and dividend reinvestment means that the cash obtained from dividend is converted into fund shares according to the net fund value and distributed to investors.
When the fund pays dividends in cash, the cash generated from the dividends will return to the investor's bank card, which is equivalent to reducing the investment principal, thus making investors intuitively think that the principal in their fund account has decreased.
For example, if an investor buys 10000 shares of a fund, when the net value of the fund is 2 yuan, the fund will pay dividends in cash, and every 100 shares will be distributed 1 yuan, then the dividend cash that the investor can get is: 1000 yuan, which will be directly transferred to the investor's bank card. In 9 yuan, the market value of the fund became 19000 yuan, which was 1000 yuan lower than the 20000 yuan before dividends.