What does a 'cum div' price indicate about a share?

A 'cum div' price indicates that the share price includes the upcoming dividend. When a stock is traded cum div (which is short for "cumulative dividend"), it means that buyers of the stock are entitled to receive the next dividend payment. Therefore, the inclusion of the upcoming dividend in the share price reflects the value investors place on receiving that payment.

In contrast, if a stock were trading ex-dividend (or "ex div"), the price would exclude any upcoming dividend because new buyers would not be eligible for that payment. Understanding this terminology is crucial in financial markets, as it affects investor decisions and stock pricing around dividend issuance dates.