Surprisingly web search returns results for stock prices (they obviously go down other things equal in case of large dividend).
But I've always assumed indexes are adjusted for dividend payouts (so index opens same value on ex-dividend date, not dips down). Is it correct for all major indexes or not?
Was it the same way before, e.g. near time of the Great Depression, 1930s?
Does the price of an index (e.g. Dow Jones) go down on an ex-dividend date?
byu/UncertainAboutIt ininvesting
Posted by UncertainAboutIt
1 Comment
if it’s a “price” index then it does, if it’s a ‘total return’ index (like those that ETFs track) then the income is added to the return