Are Stock CFDs Adjusted for Dividends?
Yes, in the same way our liquidity provider adjusts our hedge. If you hold a single-stock CFD over the ex-dividend date, the market price normally gaps down by roughly the dividend amount at the open. To offset that, a long position is credited the dividend amount net of withholding tax, and a short position is debited the gross dividend amount, per share held. The adjustment appears as a balance entry naming the instrument and the ex-date. We publish the amount we will apply as soon as we receive it from our liquidity provider, normally one day before the ex-date.
Index CFDs are different
When our liquidity providers publish the dividend points of an index, long positions are credited and short positions are debited at the rollover into the ex-dividend date. These adjustments appear as financing entries in your account history.
Stock splits, consolidations and delistings
Affected positions may be closed at the prevailing market price before the effective date and related pending orders cancelled. See the Order Execution Policy for details.