What happens if a company pays a dividend?
We will add the value of the dividend to your virtual account balance. If you are short a stock, that has paid a dividend, you will be required to pay back the value of that dividend, we will subtract it from your virtual funds automatically. • What happens when there is a stock split or consolidation? You will receive the equivalent value of shares at the new price. Entitlements will be calculated by us. • What happens if my stock is taken over by another company? The value of the shares held at the takeover price (cash equivalent) or the last traded price (whichever is the greater) will be credited to your account. We will be deemed to have closed the position for you. • How often are the league tables updated? The values and positions in the tables are calculated every 30 minutes during the trading day. The time they were last updated is show on the page. • I have just shorted a stock, why haven’t I paid any stamp duty ? Stamp duty is only charged when a stock is bought. If you shor
