Do Not Reduce - DNR

DEFINITION of 'Do Not Reduce - DNR'

A trade type used on an buy or sell order. It tells the broker not to decrease the limit price on buy-limit and sell-stop orders on the record date of a cash dividend.

BREAKING DOWN 'Do Not Reduce - DNR'

When a stock goes ex-dividend the price is usually reduced by the amount of the dividend.

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RELATED FAQS
  1. Why don't investors buy stock just before the dividend date and sell right afterwards?

    Many years ago, unscrupulous brokers would use the same logic on their clients as a sleazy sales tactic. These brokers would ... Read Answer >>
  2. How is the ex-dividend date for a dividend on a stock determined?

    Review the important dates concerning dividend payments and learn how the ex-dividend date is determined when a company declares ... Read Answer >>
  3. If a long call is owned on the record date of a stock, is the owner of the option ...

    Learn how holding a long call option does not entitle the holder to a dividend on the underlying stock unless the call is ... Read Answer >>
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  5. Why do limit orders cost more than market orders?

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  6. Do you get a dividend if you have the stock on the ex-dividend date, but sell before ...

    Suppose the ex-dividend date is a Monday and the record date is a Wednesday. If you own the stock before & on the ex-dividend ... Read Answer >>
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