Dividends and Corporate Actions
Dividends
A dividend adjustment is credited to long positions and debited from short positions held at close of business on the day before the ex-dividend date. Payment is credited or debited to your margin account on or before the ex-dividend date.
Please note, dividends on UK equities will be paid or received at 90% of the dividend amount. For non-UK equities you will generally receive 85% on long positions and pay 100% on short positions. However this may vary for some currencies and you should contact Halifax CFDs trading desk if you require further information.
Corporate Actions
CFD positions will be adjusted in the event of a corporate action, for example a rights issue. The adjustment will be to replicate the corporate action on the underlying equity. If this is not possible then at the discretion of Halifax CFDs an equivalent cash adjustment may be made. This will apply to positions held at the close of business on the preceding business day to the corporate action date.
