Australian (ASX) Stock Market Forum

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Maybe an example would be more clear. CBA went ex-dividend on 17/2/15 and the dividend was $1.98. The closing price on 16/2 was $93.47 and on 17/2 it was $90.00. Now if I buy on the 16th and sell on the 17th in AmiBroker it indicates I lost $3.47 per share. To adjust for ordinary dividends (ignoring franking) on 16/2 the close price should be $93.47 - $1.98 = $91.49. If I have these prices running through the backtest then I would get a more accurate indication of my total return.


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