If a joint stock company has made a profit at the end of each accounting period, the General Assembly decides how much of this profit will be distributed per share and on what date. From the day the dividend distribution starts, the shares are traded as coupon-free or coupon-cut shares. The stock market value is determined accordingly.

If the coupons are cut off before the payment of the coupon amounts and the Share Certificate becomes the subject of trading, its value decreases from the price of the Share Certificate in the Stock Exchange by the coupon amount.

For this reason, it is obligatory to check whether the coupons are complete or not in the trading of Stocks.