JAMB - Commerce (2014 - No. 33)
Cum div differs from ex div in that, the later
entitles the purchaser to recieve a company's current dividend
entitles the vendor to recieve a company's current dividend
confirms a purchase or sale made on behalf of a share holder
is a document used to transfer ownership of shares
Explicació
Cum dividend is the status of a security when a company is preparing to pay out a dividend at a later date. The seller of a stock cum dividend is selling both the right to the share and the right to the next dividend distribution.
The ex-dividend date of a stock is the day on which the stock begins trading without the subsequent dividend value.