Dividend derivative
A dividend derivative is a derivative whose value depends on the amount of the dividend paid by a stock corporation. There are both options and futures on dividend income. The base value of a dividend derivative is the distributed cash dividend of the respective base value or, in the case of an index derivative, the sum of the cash dividends of the respective index values. Special dividends are not taken into account. More precisely, it is the pre-tax dividends distributed, i.e. the so-called gross dividends.
history
Since June 2008, dividend derivatives have been tradable in Germany on the Eurex derivatives exchange . Eurex was the first exchange in the world to start trading in dividend derivatives. In July 2010, the open interest of dividend derivatives at Eurex climbed over one million contracts for the first time.
See also
- Future
- option
- Eurex Dow Jones EURO STOXX 50® Index Dividend Futures - Pricing & Applications for the Institutional Investor
Individual evidence
- ↑ Goldman Sachs: Distributions with structure discount and participation certificates as well as warrants on dividend futures
- ↑ Newly discovered attachment in the distribution ( page no longer available , search in web archives ) Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice.
- ↑ Eurex launches dividend derivatives - wide selection of certificates on stocks with high distributions ( page no longer available , search in web archives ) Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice.
- ↑ Open interest of dividend derivatives for over 1 million contracts ( page no longer available , search in web archives ) Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice.
