Cum Dividend market created

[Bilby210]

I have shares in Bradken Ltd. BKN. 7days after the interim results were announced, a notice was posted that a cum dividend market had been created BKNCD. Similarly later the same for Bendigo Bank. Can anyone explain to this newbie the reason/purpose for this and is it disadvantageous/advantageous.
Thanks

 

[burglar]

I have shares in Bradken Ltd. BKN. 7days after the interim results were announced, a notice was posted that a cum dividend market had been created BKNCD. Similarly later the same for Bendigo Bank. Can anyone explain to this newbie the reason/purpose for this and is it disadvantageous/advantageous.
Thanks

http://www.smh.com.au/business/when...ut-to-play-20130222-2ewvb.html?skin=text-only

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[Bill M]

That was a very good question and thanks for the answer burglar, I didn't know this could be done. Great forum this beginner's lounge, cheers.

 

[DocK]

You might not learn something new every day - but today I have. Thanks to Bilby210 & Burglar