E Terms F Terms G - K Terms

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Ex – Dividend
This is the period in which shares of a company are trading on the stock market after the dividend payment date has expired.

Earnings Yield
This is earnings per share as a percentage of current market prices per share.    Earnings yield is useful in estimating share prices.

Eligible Security
Means a security which has been prescribed by a Securities exchange to be immobilized with a central Depository under section 13.

Equity Securities
Means ordinary shares, rights or interests
(whether Described as units, shares or otherwise) and rights or Options to subscribe for any of the foregoing.

Exchange
Means Nairobi Stock Exchange Limited.

Equity Valuation Ratio (EVR)
This is market share price divided by net asset per share.  Equity Valuation Ratio of less than one suggests that the current market share price is below the net assets.  Companies with low EVR are normally subject of take over by predator

Ex Dividend Date
The  date  on  which  ownership  of  a  share  is determined  for  purposes  of  paying  dividends. Investors     purchasing     shares    before    the ex-dividend    date    receive    the    dividend    in question. Investors  purchasing  shares  on  or after  ex-dividend  date  are  not  entitled  to  the dividend.

Earned Income
Income - Expenses = Earned Income or Profit
This generally refers to companies. It is the sum of the money a company earned minus the money it has spent. Earned income is a positive number. If a company spends more money than it earned, then the sum is known as a "loss."

Equity, equities (plural)    
Another term for stocks or ownership interest in a corporation.