An acronym that represents the months of January, April, July and October. Many companies that pay dividends announce their intentions to pay them – or declare a dividend payable on a certain date – four times per year, in January, April, July and October, the months included in JAJO.


JAJO also refers to an option cycle – a pattern of months in which options contracts expire. Other option cycles include MJSD, which stands for March, June, September and December; and FMAN, representing February, May, August and November.

  1. Dividend

    A distribution of a portion of a company's earnings, decided ...
  2. Declaration Date

    1. The date on which the next dividend payment is announced by ...
  3. FMAN

    One of the three regular option cycles; represents the months ...
  4. MJSD

    An acronym that represents the months March, June, September ...
  5. Option Cycle

    The expiration dates that apply to the different series of options. ...
  6. Put-Call Parity

    A principle that defines the relationship between the price of ...
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