021:什么是股票除权除息、股票除权除息简明指南

股票除权除息简明指南

什么是股票除权除息

021:什么是股票除权除息、股票除权除息简明指南_插图

一、基本概念

  1. 除权

    • 定义‌:因公司发放股票股利(送股、配股)或增发新股,导致总股本增加,需向下调整股价以反映每股价值摊薄。
    • 公式‌:
      除权参考价 = 前一交易日收盘价 / (1 + 配股率)
      示例:若股票收盘价150元,配股率50%(每10股送5股),除权价为100元。
  2. 除息

    • 定义‌:因公司发放现金股利,需从股价中扣除分红金额,保持除息前后投资者权益公平。
    • 公式‌:
      除息参考价 = 前一交易日收盘价 – 现金股利金额
      示例:若股票收盘价50元,分红3元,除息价为47元。
  3. 既除权又除息

    • 复合情况‌:公司同时发放股票和现金股利时,需综合计算。
    • 公式‌:
      参考价 = (前收盘价 – 现金股利) / (1 + 配股率)

二、核心逻辑

  • 公平性调整‌:确保除权/息前后买入的股票内含权益一致,避免价格扭曲。
  • 中性影响‌:总市值不变,仅因股本或分红调整每股价格。

三、操作注意事项

  1. 股权登记日
    • 必须在登记日收盘前持有股票,才能获得分红资格。
  2. 填权效应
    • 若公司业绩向好,股价可能快速回升至除权前水平(填权),带来实际收益。
  3. 风险提示
    • 流动性风险‌:送股产生的零股可能难以及时卖出。
    • 税务成本‌:持股不足1年需缴纳红利税(税率10%-20%)。

四、实例分析

情景 计算过程 结果
纯现金分红 50元 – 3元股息 47元
纯股票分红 150元 / (1 + 0.5) 100元
复合分红 (50元 – 3元) / (1 + 0.1) 42.73元

五、决策建议

  • 参与条件‌:优选盈利稳定、成长性高的公司,避免高送转炒作标的。
  • 长期视角‌:填权需基本面支撑,短期波动风险需警惕。

(注:本文未引用外部网页搜索结果,所有内容基于问题提供的原始信息整理。)

网页唯一标识识别码
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

指标使用通用经验总结

  1. 一般出现信号不急着立即介入,介入时机一般尾盘半小时判断信号是否可介入;
  2. 指标信号出现后第二天冲高阴线立即清仓等待突破上一个信号点最高价判断是是否介入;
  3. 指标信号出现后第二天阴线或假阳线立即清仓,等待突破上一个信号点最高价在判断是否介入;
  4. 在上涨,现价处于上涨高位的『介入、看多』信号不参与;
  5. 不是信号一出现就介入,要根据市场环境,量价关系,市场情绪等诸多因素判断是否可介入;
  6. 技术指标有其本身局限性,宁可错过,也不要做错
  7. 拿到指标后,多测试,多练习,看是否符合预期,总结规律;

总之一旦信号失真,不符合预期,立即清仓控制风险 ;

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