VOLKSWAGEN Group’s and BROADCOM dividend payment.
The Volkswagen stock ticker (#VOW.s) will pay a dividend of 11.56 euros on January 9, 2023 and Broadcom stock ticker (#AVGO.s) will pay a dividend of 4.6 usd on December 30, 2022. December 19, 2022 is the ex-dividend date. Therefore, before opening the session on December 19, 2022, FXLINK will base on the open position on the Trading account to calculate the dividend payment or margin revoking:
_ In case the Trading Account is open for BUY, the dividend will be calculated and paid on January 9, 2023 (for the symol #VOW.s) and December 30, 2022 (for the symbol #AVGO.s), corresponding to the number of shares held.
_ In case the Trading Account is open for SELL, the margin will be calculated and withdrawn before the opening session on December 19, 2022, corresponding to the number of shares held.
Trader should consider:
_ Close the open position on the trading account if the Trader does not want to pay dividends or withdraw the margin before the closing time of December 16, 2022.
_ Deposit additional margin before closing time on December 16, 2022 to avoid margin risk, in case of negative margin FXLINK will revoke the shortfall in the calculated dividend .
Should you have any questions about the above, please contact our dedicated support team: www.fxlcorp.com or send to email [email protected].
Customer care center FXLINK.