What is Divident?
1.
A divident happens when a company significantly cuts its dividend.
Jimmy Dimon cut JPMorgan Chase & Co. dividend 87%. Now that's a divident!
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2.
A quarterly payment to shareholders of various equities, including owners of American Capital Strategies, often exceeding 10-11% annually. These healthy divident payments more than make up for having to explain the meaning of the word so often to newcomers to forums and chatrooms.
When will the divident show up in my account? I bought it today on purpose because I know that it is ex-divident day...
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