Dividend, Share Price: Is there a connection?

[rozella]

Re: Dividend, Share Price. Is there a connection?

Just back from golf to see that Mrs "rozella" has sold PMN & a parcel of BOQ

Sold BOQ today @ 1407.0
Bought on 3rd November @ 1407.0 with a margin of 70%
Investment 422.10/share
Exdiv 7th November, dividend 40.0/share fully franked 17.14/share
Gross profit 40.0/share = 9.47% return on investment, excluding franking. 14 days

Sold PMN today @ 503.0
Bought on 5th October @ 503.0 with a margin of 70%
Investment 150.90/share
Exdiv date 10th October, dividend 10.5/share fully franked 4.50/share
Gross profit 10.5/share = 6.96% return on investment. 43 days

 

[rozella]

Re: Dividend, Share Price. Is there a connection?

Sold one parcel of ANZ today @ 2404.0
Bought on 30th September @ 2400.0 with a margin of 75%
Investment 600.0/share
Exdiv 8th November, dividend 59.0/share fully franked 25.29/share.
Gross profit 88.29/share = 14.71% return on investment. 48 days

Bought SIG today @ 1304.0 with a margin of 65%
Investment 456.4/share
Exdiv 5th December, dividend & special dividend 49.0/share fully franked 21.0/share

 

[rozella]

Re: Dividend, Share Price. Is there a connection?

Sold DJS today @ 250.75 average
Bought 5th october @ 234.0 with a margin of 65%
Investment 81.90/share
exdiv 11th October, dividend 7.0/share fully franked.
Gross profit 23.75/share = 29.0% return on investment. 44 days

Bought VBA today @ 189.0 with a margin of 65%
Investment 66.15/share
Exdiv 22nd November, dividend 25.0 fully franked 10.71/share

Bought NAB today @ 3365.0 with a margin of 75%
Investment 841.25/share
Exdiv 21st November, dividend 83.0/share 80% franked 28.46/share

Bought another parcel of SGB today @ 2922.0 with a margin of 75%
Investment 730.50/share
Exdiv 28th November, dividend 70.0/share fully franked

Re-entered WBC today @ 2221.0 with a margin of 75%
Investment 555.25/share
exdiv yesterday
U buyer & seller on 2220/2221 now......mmmm

Re-entered ANZ today @ 2396.0 with a margin of 75%
Investment 599.0/share
exdiv gone on 8th November
Short term trade

 

[rozella]

Re: Dividend, Share Price. Is there a connection?

Jumped out of WBC on the close @ 2224.0
Bought today @ 2221.0 with a margin of 75%
Investment 555.25/share
exdiv yesterday
Gross profit 3.0/share = 0.54% return on investment.
Decided against the trade

Topped up my morning trade of NAB on the close @ 3345.0 with a margin of 75%
Investment 836.25/share
Exdiv 21st November, dividend 83.0/share 80% franked 28.46/share

 

[rozella]

Re: Dividend, Share Price. Is there a connection?

The exdividendwatchlist has recouped all losses incurred in the October correction & is now at a new high. Margin Trading 2 & Trading Diary 2

 

[rozella]

Re: Dividend, Share Price. Is there a connection?

Bought PRK today @ 730.0 with a margin of 70%
Investment 219.0/share
Exdiv 5th December, div + special div = 32.0/share fully franked 13.72/share

 

[sam21poddy]

Re: Dividend, Share Price. Is there a connection?

rozella,

I'm interested in how you overcome the dilemma of having to hold onto a share for 45 days to retain the franking credit. For example, I purchased 1000 NAB shares at 32.83 on 11/11 and would liked to have sold yesterday (at a small profit) or today (to break even on price) but am pressured into holding on for the required 45 days to get the franking credit. Now the price is falling (currently around 32.60) and holding costs will be eroding the profit. I want the franking credits but it is annoying having to hold - what are your thoughts?

 

[rozella]

Re: Dividend, Share Price. Is there a connection?

G'day sam21poddy,

It is a matter of a mathematical calculation, whether to forego the franking credit or not. NAB's franking credit is 28.46/share, you will need to hold until the 1st trading day after 26th December to qualify for fc, unless your total franking credits for this year will be under $5000 per tax entity.

I have found that unless I am almost on the 45 days + buy + sell days, I don't allow the fc to influence my trading.

I paid 3364.7/share on 18th November (day before exdiv) My stoploss was 3264.0 - (div+fc) = 3264.0 - (83.0+28.46) = 3153.0 which was my new stoploss for yesterday. It closed @ 3276.0 which then makes my trailing stop 3178.0 for today. However, if it reaches my buy price or better in the next week, I will probably exit profiting just the 83.0 cent dividend, & move on to the next.

The banking sector is down 0.36% atm, & NAB is down 0.31% so I would not expect it to behave much better. 3267.0 now at 12:44pm

 

[rozella]

Re: Dividend, Share Price. Is there a connection?

Last day tomorrow before exdiv on Monday 28th November for SGB.....big rise today up 60.0 cents @ 2961.0......reached 2994.0 earlier today.

It may hit the 3000.0 tomorrow, but might pull back on the close.

Dividend 70.0/share, franking 30.0/share. O'seas shareholders may dump tomorrow as they are not entitled to the franking......see what happens !!!

 

[tarnor]

Re: Dividend, Share Price. Is there a connection?

Rozella whats your take on PBD.. 40c divi coming soon sp currently at 2.20ish extra 20c one coming possibly by feb/march next year..

looks like a steal..
opinion would be greatly appreciated cheers..

 

[rozella]

Re: Dividend, Share Price. Is there a connection?

G'day tarnor,

Its a nice chart......& will look better after todays announcement.....up 16.9% atm today.

Lowish volume stock & does not do many daily transactions.

I usually don't trade it as my marginlenders don't have them listed...so not on my radar.

Its on the move now up 17.95%

 

[rozella]

Re: Dividend, Share Price. Is there a connection?

Bought CDO today @ 474.0 with a margin of 60%
Investment 189.6/share
Exdiv 5th December, special div 40.0/share fully franked 17.14/share

 

[rozella]

Re: Dividend, Share Price. Is there a connection?

Sold a parcel of ANZ today @ 2405.0
Bought 5th October @ 2382.0 with a margin of 75%
Investment 595.50/share
Exdiv 8th November, dividend 59.0/share fully franked 25.29/share
Gross profit 107.29/share = 18.02% return on investment. 56 days.

 

[rozella]

Re: Dividend, Share Price. Is there a connection?

Decided I would not become involved with the SIG/AWP merger, as I like uncomplicated trades & then I know where I am going. So I took the opportunity of a strong market today & sold SIG @ 1350.0, but it looks as though it still has some go left in it.

Sold SIG today @ 1350.0
Bought 17th November @ 1304.0 with a margin of 65%
Investment 456.4/share
Exdiv 5th December, dividend & special dividend 49.0/share fully franked 21.0/share
Gross profit 46.0/share = 10.08% return on investment. 13 days

 

[rozella]

Re: Dividend, Share Price. Is there a connection?

Bought CNP today @ 618.0 with a margin of 70%
Investment 185.4/share
Distribution announcement expected the middle of December, distribution last year was 16.0/share zero franked.

 

[rozella]

Re: Dividend, Share Price. Is there a connection?

Sold PRK today @ 737.0
Bought 21st November @ 730.0 with a margin of 70%
Investment 219.0/share
Exdiv 5th December, div + special div = 32.0/share fully franked 13.72/share
Gross profit 39.0/share = 17.81% return on investment. (franking excl.) 16 days

 

[rozella]

Re: Dividend, Share Price. Is there a connection?

Sold a parcel of SGB today @ average 2817.0
Bought 28th September @ 2780.0 with a margin of 75% Investment 695.0/share.
Dividend 70.0/share fully franked 30.0/share
Gross profit 137.0/share = 19.71% return on investment. 70days

2 parcels to go.

 

[rozella]

Re: Dividend, Share Price. Is there a connection?

Sold my 2nd parcel of SGB today @ 2824.0
Bought 9th November @ 2815.0 with a margin of 75%
Investment 703.75/share
Exdiv 28th November, dividend 70.0/share fully franked 30.0/share
Gross profit 79.0/share = 11.22% return on investment. (franking excl.) 29 days

 

[michael_selway]

Re: Dividend, Share Price. Is there a connection?

Sold my 2nd parcel of SGB today @ 2824.0
Bought 9th November @ 2815.0 with a margin of 75%
Investment 703.75/share
Exdiv 28th November, dividend 70.0/share fully franked 30.0/share
Gross profit 79.0/share = 11.22% return on investment. (franking excl.) 29 days

hi have u ever made a loss with these sort of trades?

Thanks

MS

 

[rozella]

Re: Dividend, Share Price. Is there a connection?

G'day Michael,

hi have u ever made a loss with these sort of trades?

Absolutely, but the last few years have been very good.

I have only traded a bit over half of last years trades, over the same period, but the bottom line is very similar.

This year I have only had 46 purchases, with 31 wins, 4 losses, & 11 trades still open.