The shares of listed companies circulate in the trading market every day. When a listed company sends shares, pays dividends or issues shares, it needs to set a date to specify which shareholders can participate in the dividend or issue shares. The set date is the recorded date. In other words, investors who still hold or buy shares of the company on the base date of that day are shareholders who can enjoy dividends or participate in the rights issue. The register of this part of shareholders is registered by the securities registration company, and the dividends, cash dividends or allotment will be transferred to the accounts of this part of shareholders. Please note here that the Shanghai Stock Exchange stipulates that the bonus shares and allotment should be listed and circulated on the second trading day after the base date.

Similarly, fund companies also need to set a registration date for dividends.

Investors who still hold or purchase the company's funds on the registration date can enjoy this bonus. The list of these investors is recorded by the fund company, and the dividends payable will be transferred to the accounts of these investors.

Therefore, if investors want to get dividends from listed companies, share allotment or fund companies, they must find out the time of company rights registration, otherwise they will lose the opportunity of dividend allotment.

The first trading day after the registration of rights and interests is the ex-dividend date or ex-dividend date. At this time, the share price or net value of the fund company will change due to the removal of dividends. Shareholders who buy shares of the company or funds of fund companies on this day are different from "new shareholders" who can enjoy dividends, and no longer enjoy dividends or allotment of shares of the company. And the registration date and ex-dividend date are on the same day or a few days apart.

The dividend payment date refers to the date when the listed company or fund company transfers the dividend into the investor's account with rights and interests according to the announcement. Investors will find that the amount in their accounts has changed.

Date of official dividend announcement. Usually, listed companies or fund companies will put forward a distribution plan before dividends, and then hold a meeting at the shareholders' meeting or fund company to discuss and decide the final resolution, and then formally announce dividends. The day when the dividend is officially announced is called the official dividend announcement day.

As far as the fund is concerned, it doesn't matter how much it loses. Dividends will only reduce your market value and increase your cash or fund share (if you choose to reinvest in dividends).