X

Fifth letter of a NASDAQ stock symbol specifying that it is a mutual fund.

X or XD Symbol used in newspapers to indicate that a stock is trading without a dividend. The symbol X also signifies without interest in bond tables. In most cases, it is wise to find out when a dividend paying stock will trade ex-dividend. By buying when the stock is ex-dividend, you avoid the tax liability on the just distributed dividend. Note that after a dividend is paid, the stock's price falls by the amount of the dividend paid, plus or minus any market adjustment. The same principle holds for mutual funds paying distributions. Buy shares after distributions are made. Stock mutual funds usually make distributions in December or January.