GLOSSARY

Ex-dividend adjustment

IN PLAIN ENGLISH

The fall in a share's price on the ex-dividend date, roughly equal to the dividend, because new buyers no longer get it.

WHERE YOU MEET IT

A dip in a holding's value on its ex-date.

WATCH OUT FOR

It's roughly the dividend, not exactly — the market is moving for other reasons on the same day.

EXPLAINED IN

Your portfolio dropped on the ex-div date

Educational content only. It is not personal financial advice.