If you sell the fund on the ex-dividend day, it will have no impact on you if it is a cash dividend. If it is a dividend-reinvested method, the dividend will be converted into shares. If you buy a fund on the ex-dividend date, you will not be entitled to the previous year's dividends, and you will not be entitled to the company's current dividend allotment.

The day after the equity registration date is the ex-rights day or ex-dividend date. Shareholders who purchased the company’s shares on this day are “new shareholders” who cannot enjoy the dividends of the previous year and will no longer enjoy the company’s current dividends. rights issue.

The shares of listed companies are circulated in the trading market every day. When listed companies give out shares, distribute dividends or allot shares, they need to set a certain day to define which shareholders can participate in dividends or allotments. This day is the equity registration date.

In other words, investors who still hold or buy the company's shares on the equity registration date are shareholders who can enjoy this dividend or participate in this allotment. This part of the shareholder list is determined by the securities company. The registered company will be recorded in the statistics, and the bonus shares, cash dividends or allotments that should be sent will be transferred to the accounts of these shareholders.

So, if investors want to get dividends and rights allotments from a listed company, they must find out when the company's equity registration date is, otherwise they will lose the opportunity for dividends and rights shares.

As for the grasp of the ex-dividend date, it is also crucial for investors, because investors who purchase stocks after the ex-dividend date are no longer entitled to participate in the dividend distribution of this period.

Therefore, the price on the ex-dividend date will change from the stock price before the ex-dividend date. Generally speaking, the stock market quotation on the ex-dividend day is the ex-dividend reference price, that is, the closing price on the day before the ex-dividend date minus the dividend per share.

Understanding the changing pattern of stock prices before and after the ex-dividend date will help investors fill in the appropriate entrustment price when purchasing, so as to effectively reduce their share purchase costs and reduce unnecessary losses.

For investors with medium and long-term investment plans, they can also take advantage of the low stock price on the eve of ex-dividends to buy and transfer stocks to enjoy dividend income.

The reason why the price is sometimes weak on the eve of ex-dividend is mainly because there are more investors at this time. Since short-term investors generally prefer not to hold shares or collect interest, they usually try to sell the stock on the eve of ex-dividend, even at a lower price.