| Letters: D, E, F |
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| Dividend
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A part of stock company profit distributed to shareholders as remuneration of the capital invested by them in the company
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| EBIT
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(Earnings Before Interests and Taxes) A parameter, widely used by financial analysts, measuring the profit before payment of interest and any income tax. It is equivalent to "operating result"
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| EVA
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(Economic Value Added) It measures the creation of value for shareholders by company management. It is calculated by subtracting the weighted average financial cost of capital from the performance of the invested capital
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| Ex-dividend
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(or ex-cedula) A stock exchange term defining stocks that are sold without the right to receive any dividends that have already been declared, or dividends that would be paid in the following weeks
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| Ex-warrant
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(opposite: cum warrant) It refers to the situation where shares or bonds are bought or sold without the rights that were associated with them at the time of issuing (see Warrant)
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| Floating shares
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A technical term indicating the percentage of shares of a given company that are in free circulation and can be bought by anyone on the market. This number varies according to the stock held by controlling shareholders: in companies with a majority of share capital already held (51%), the floating share may reach 49% at most
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| Fundamentals
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They are basic numerical indicators reflecting the solidity of a company and its management and financial results. They constitute an essential point of reference for investors
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