- Shares in some of the UK's best known companies are trading lower as they go ex-dividend.

BT, Dixons Carphone and Halma are among a large number of stocks which have undergone a technical adjustment today whereby the market has now reduced the valuation of their equity to reflect the forthcoming payment of cash dividends.

Ex-dividend represents the point at which investors buying the shares no longer qualify for the next dividend payment.

Other stocks going ex-dividend today include Grainger, Inland Homes and NewRiver Retail.

At 2:55pm:

[LON:BT.A] BT Group PLC share price was -7.35p at 266.9p

[LON:DC.] Dixons Carphone share price was -0.9p at 200.1p

[LON:HLMA] Halma PLC share price was -7.5p at 1262.5p

[LON:INL] Inland Homes PLC share price was -0.75p at 60.25p

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