I'm using a source where it doesn't calculate the Adjusted Closing Price, but it gives the value for the Cash Dividend e.g. date and value of the dividend given.
I read that I needed to just minus the dividend value at the same day as the closing price to get the Adjusted Closing Price.
My question is, do I minus the value of the dividend on the subsequent closing price days or just the day it was given?
| Date | Closing Price | Adjusted Closing Price |
|---|---|---|
| 01/01/2001 | 1.00 | 1.00 |
| 02/01/2001 * Div Cash given at 0.30 | 1.50 | 1.20 |
| 03/01/2001 | 1.60 | Do I also minus the dividend that I got yesterday? |
| 04/01/2001 | 1.65 | Question: Same here. Do I minus this as well? |
I asked because when I looked at Yahoo Finance, the Adjusted Closing Price is different every day which really doesn't add up as dividends are given on a specific day.
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