Price adjustments for Indices
When companies within a stock index go ex-dividend, their share prices typically fall by the dividend amount. Since an index is calculated from the prices of its constituent stocks, this causes the index level to decline by a predictable amount.
For traders using leveraged index products, these drops are not genuine market moves — they are expected and publicly known. If brokers didn’t neutralise these events, traders could exploit them by opening large short positions just before the adjustment and closing them immediately after to guarantee a profit from a price change that wasn’t driven by supply and demand.
If you hold an open position during a dividend-related adjustment, we offset the effect for you. This is done by applying a credit or debit to your account so your net profit or loss remains unaffected by the scheduled dividend move.
Example 1 – Long position
You are long 1 contract of the UK100 at £5 per point.
A dividend adjustment causes the index to fall by 5 points.
Your running P&L goes down by:
5 × £5 = £25
We then credit £25 to your account so you don’t lose from the adjustment.
Example 2 – Short position
You are short 2 contracts of the US30 at $3 per point.
A dividend adjustment lowers the index by 3 points.
Your running P&L increases by:
3 × 2 × $3 = $18
We deduct $18 from your account to cancel out that artificial gain.
Where to find forecast dividend adjustments
We provide forward-looking dividend estimates for major global indices on our website.
Below are the latest dividend adjustment figures for our key indices, updated regularly. Please note that these are estimates only the final adjustment might be slightly different.
In addition to the above, some dividends may be adjusted fully, partly, or not adjusted at all.
If a dividend adjustment falls on a bank holiday, we publish it on the previous working day.
You can view the current schedule of expected dividend adjustments here.
