Business / Finance / Cum Dividend: A particularly profitable or otherwise particularly valuable corporate unit or asset of a firm. Often used in risk arbitrage. The most desirable entities within a diversified corporation as measured by asset value, earning power, and business prospects; in takeover attempts, these entities typically are the main objective of the acquirer and may be sold by a takeover target to make the rest of the company less attractive. See: Scorched earth policy.
Business / Finance / Cum Rights: With dividend; said of a stock whose buyer is eligible to receive a declared dividend. Stocks are usually 'cum dividend' for trades made on or before the fifth trading day preceding the record date, w MORE
Business / Finance / Ex-Dividend Date: This literally means 'without dividend.' The buyer of shares when they are quoted ex-dividend is not entitled to receive a declared dividend. It is the interval between the record date and the payment MORE