Iggy’s Journal: Your Share Fell Ex-Dividend. Did You Actually Lose Money?

Mon 12 Oct 2026 | Morning

The Numbers

An illustration from the episode: a S$4 share with an 8-cent dividend. The 8 cents is 2% of the S$4 price. On the ex-dividend date the share may adjust to about S$3.92, a fall of 8 cents. The share no longer carries the dividend entitlement from that date, but the 8 cents is not paid that day. It is due on a separate payment date. The adjustment may be close to the dividend, but it is rarely exact, because other price moves can happen on the same day.

My Personal Take

A price chart shows one number for the day. It cannot separate the dividend from everything else that moved the price. If the same S$4 share closed at S$3.95 on its ex-dividend date, the price would be 3 cents above the S$3.92 adjustment, and the chart alone could not show why. In the episode I go through which dates and which payment type on the notice matter, and how I compare the price fall with the declared rate.

📺 YouTube: https://youtu.be/TMH6fhhQidk

📩 Substack: https://investingiguana.com/p/the-share-fell-when-it-went-ex-dividend

Not financial advice. Iggy’s Forensic Compliance Standards apply.