Dividend Payment or Charge Adjustments on Shares and Spot Stock Indices (25th April – 1st May) and Applicable Leverages (25th April – 1st May) - Zeal Capital Market

CFD Expiration Date

Dividend Payment or Charge Adjustments on Shares and Spot Stock Indices (25th April – 1st May) and Applicable Leverages (25th April – 1st May)

Please be advised that when trading shares and spot stock indices using contracts for difference (CFDs), when an underlying listed company or a listed company (component) of an underlying stock index pays dividend to its shareholders, the value of the corresponding position held in the client’s trading account will be affected after the market close (trading platform / server time). Determined by whether the client’s position is long or short, the trading account will incur a net of tax dividend adjustment, which may be a payment or a charge. (Please note that stock indices futures CFDs do not participate in dividend adjustment. The composition of each Standard Lot referred here may vary significantly from one trading product to another, please refer to contract specification for details.)

The projected impact of any dividend issued by a component on a stock index is weighted and calculated, and such figures are published and updated on our website.

Dividend payment received when holding a long position:

Dividend Payment = Component Dividend (weighted, per stock index contract) × Position Size in Standard Lot × Contract Size per Standard Lot Currency Multiplier

Dividend charge deducted when holding a short position:

Dividend Charge = Component Dividend (weighted, per stock index contract) × Position Size in Standard Lot × Contract Size per Standard Lot Currency Multiplier

Please find stock indices dividend figures below for this week:

Symbol 25th April 26th April 27th April 28th April 1st May Dividend Payout Time
(GMT+1)
GER40 17.799     42.076   21:55
FRA40 21.743 6.387   11.269   21:55
US30           21:55
NAS100   0.201 0.371   0.162 21:55
SPX500 0.177 0.024 0.135 0.446 0.012 21:55
ChinaA50   5.229   6.910   18:55
HK50           19:45
AUS200           21:55
SPAIN35     39.765     18:55
UK100     6.698     21:55
EURO50 6.964 4.060 2.332 5.208   21:55
JAPAN225           21:55
GER40min 17.799     42.076   21:55
FRA40min 21.743 6.387   11.269   21:55
US30min           21:55
NAS100min   0.201 0.371   0.162 21:55
SPX500min 0.177 0.024 0.135 0.446 0.012 21:55
ChinaA50min   5.229   6.910   18:55
HK50min           19:45

For Share CFDs

Dividend payment received when holding a long position:

Dividend Payment = Individual Stock Dividend (per share) × Position Size in Standard Lot × Contract Size per Standard Lot

Dividend charge deducted when holding a short position:

Dividend Charge = Individual Stock Dividend (per share) × Position Size in Standard Lot × Contract Size per Standard Lot

Please find expected stock dividend figures below for this week:

Symbol 25th April 26th April 27th April 28th April 1st May Dividend Payout Time
(GMT+1)
             

(Please note that the above information is indicative only, and may be subject to change Dividend payout of an individual stock normally takes place after the close of its last trading session prior to the announced ex-dividend date shown above.)

(Please also note that 2 trading days prior to earnings announcements we’ll amend our leverages across the specific companies’ share CFDs to a maximum of 1:5, reverting to a maximum 1:10 after report publishing. Please ensure that you have sufficient margin required to maintain your open positions during the above mentioned period. )

The amendment of US Share CFDs’ applicable leverages is scheduled as follows (25th April –1st May):

Symbol Earnings Announcement Date Leverage Amendment Time (GMT+1) Amended Leverage Resumed Leverage Time (GMT+1) Resumed Leverage  
GOOG 25th April 21st April, 21:00 1:5 26th April, 21:00 1:10
MCD 25th April 21st April, 21:00 1:5 26th April, 21:00 1:10
MSFT 25th April 21st April, 21:00 1:5 26th April, 21:00 1:10
PEP 25th April 21st April, 21:00 1:5 26th April, 21:00 1:10
V 25th April 21st April, 21:00 1:5 26th April, 21:00 1:10
VZ 25th April 21st April, 21:00 1:5 26th April, 21:00 1:10
META 26th April 24th April, 21:00 1:5 27th April, 21:00 1:10
BA 26th April 24th April, 21:00 1:5 27th April, 21:00 1:10
INTC 27th April 25th April, 21:00 1:5 28th April, 21:00 1:10
AMZN 27th April 25th April, 21:00 1:5 28th April, 21:00 1:10
CAT 27th April 25th April, 21:00 1:5 28th April, 21:00 1:10
MA 27th April 25th April, 21:00 1:5 28th April, 21:00 1:10
XOM 28th April 26th April, 21:00 1:5 29th April, 21:0 1:10
CVX 28th April 26th April, 21:00 1:5 29th April, 21:00 1:10
BRK/B 1st May 28th April, 21:00 1:5 2nd May, 21:00 1:10