Positions in Index CFDs are subject to possible dividend adjustments. A dividend adjustment is applied when a position passes its ex-dividend date meaning when a position is left open at settlement time of previous trading day.

For long positions, the dividend adjustment is credited to the client's account, in the case of short positions, the dividend adjustment is debited from the client's account.

In the event of a dividend payment on a single stock CFD (except US stocks), the economic effect of the corporate action for CFD holders will be generally reflected as if they had been holding the underlying security. Dividends are booked on the ex-date and payed on the pay-date. For long positions on share CFDs dividend amount is reduced by the withholding tax rate.

All positions in US stock CFDs will be closed before the dividend ex-date at 19.00 GMT and opening of new positions will be restricted until next market opening. If due to any reason positions will not be closed/new positions will be opened, Dukascopy Europe reserves the right to correct this mistake and adjust corresponding positions accordingly.

The Dividend Adjustment Calendar shows the dividend adjustments which will be done on ex-dividend date. The values published up to one week prior to the ex-dividend date are forecasts and may be subject to change.