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Dividend, Share Price: Is there a connection?
- Thread starter Lucstar
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- dividends share price
Re: Dividend, Share Price. Is there a connection?
Sold JBM today in bits & pieces @ 707.41
Bought 22nd February @ 705.0 with a margin of 60%
Investment 282.0/share
Exdiv 24th February, dividend 13.0/share fully franked 5.57/share
Gross profit 15.41/share = 5.46% return on investment. fc excluded. 23 days
Sold JBM today in bits & pieces @ 707.41
Bought 22nd February @ 705.0 with a margin of 60%
Investment 282.0/share
Exdiv 24th February, dividend 13.0/share fully franked 5.57/share
Gross profit 15.41/share = 5.46% return on investment. fc excluded. 23 days
Re: Dividend, Share Price. Is there a connection?
Bought SGM today @ 1620.0 with a margin of 70%
Investment 486.0/share
Exdiv date 27th March, dividend 45.0/share, 47% franked 9.06/share
Bought REB today on the close @ 340.0/share with a margin of 50%
Investment 170.0/share
Exdiv 28th March, dividend 7.5/share, fully franked 3.21/share
This is outside my normal mould for a buy, & am just looking for a rise prior to exdiv,
stoploss 330.0
Bought SGM today @ 1620.0 with a margin of 70%
Investment 486.0/share
Exdiv date 27th March, dividend 45.0/share, 47% franked 9.06/share
Bought REB today on the close @ 340.0/share with a margin of 50%
Investment 170.0/share
Exdiv 28th March, dividend 7.5/share, fully franked 3.21/share
This is outside my normal mould for a buy, & am just looking for a rise prior to exdiv,
stoploss 330.0
Re: Dividend, Share Price. Is there a connection?
Take profits when they are there I say, not when they might be.
Sold UTB on the close today @ 1430.0
Bought 16th March @ 1425.0 with a margin of 70%
Investment 427.50/share
Exdiv 20th March, dividend 29.0/share, fully franked 12.43/share
Gross profit 34.0/share = 7.95% return on investment. 4 days. fc excluded
Kicking myself over ADB today.....wanted 1320.0 plus & being 46 days today......it reached 1323.0 & waited for more, then dropped to 1295.0 very quickly.....should always take profits when they are there.....repeat 1000 times.
rozella
Take profits when they are there I say, not when they might be.
Sold UTB on the close today @ 1430.0
Bought 16th March @ 1425.0 with a margin of 70%
Investment 427.50/share
Exdiv 20th March, dividend 29.0/share, fully franked 12.43/share
Gross profit 34.0/share = 7.95% return on investment. 4 days. fc excluded
Kicking myself over ADB today.....wanted 1320.0 plus & being 46 days today......it reached 1323.0 & waited for more, then dropped to 1295.0 very quickly.....should always take profits when they are there.....repeat 1000 times.
rozella
Re: Dividend, Share Price. Is there a connection?
Sold SGM on the close today @ 1667.0
Bought 17th March @ 1620.0 with a margin of 70%
Investment 486.0/share
Exdiv date 27th March, dividend 45.0/share, 47% franked 9.06/share
Gross profit 47.0/share = 9.67% return on investment. 5 days
Bought DJS today on the close @ 295.0 with a margin of 65%
Investment 103.25/share
Exdiv date 29th March, dividend 7.0/share, fully franked 3.0/share
Sold SGM on the close today @ 1667.0
Bought 17th March @ 1620.0 with a margin of 70%
Investment 486.0/share
Exdiv date 27th March, dividend 45.0/share, 47% franked 9.06/share
Gross profit 47.0/share = 9.67% return on investment. 5 days
Bought DJS today on the close @ 295.0 with a margin of 65%
Investment 103.25/share
Exdiv date 29th March, dividend 7.0/share, fully franked 3.0/share
Re: Dividend, Share Price. Is there a connection?
Hello Rozella,
Please excuse my ignorance, but could you answer my dilemma. If i had bought FUN to get the divi of 6.5 cents....say i bought at $1.84 then when it goes EX-DIV it looses about 10 cents so although i get the divi plus franking credits the stock has lost share price value.....goes back to $1.70 so how can you make money...you have your 6.5 cents but you have lost 14cents.
don't you then have to wait until the stock reaches the $1.84 price before selling with a divi as clear profit?????????????
am i missing something?
regards
savtin
Hello Rozella,
Please excuse my ignorance, but could you answer my dilemma. If i had bought FUN to get the divi of 6.5 cents....say i bought at $1.84 then when it goes EX-DIV it looses about 10 cents so although i get the divi plus franking credits the stock has lost share price value.....goes back to $1.70 so how can you make money...you have your 6.5 cents but you have lost 14cents.
don't you then have to wait until the stock reaches the $1.84 price before selling with a divi as clear profit?????????????
am i missing something?
regards
savtin
Re: Dividend, Share Price. Is there a connection?
G'day savtin,
It is a stock that I don't trade for the dividend. The yield is quite good unleveraged, however, they only offer an LVR of 50%, so it does not reach my best prospects list.
I lower my stoploss by the dividend + franking credit prior to opening on exdiv day
I assume you bought around announcement date
If you originally paid 184.0, then my stoploss would be 178.0
The price did not improve & the last price before exdiv was 179.5, so my stoploss would still remain at 178.0
Prior to open on exdiv day, I would adjust the stoploss to be 169.0, & it hit that on the close 21st March @ 166.0.....
Not all stocks will return to their buy price after exdiv date quickly, & what is good one period can be a dog the next, that is why you must write yourself a set of rules to suit you own comfort zone.
UTB returned to its buy price on exdiv day plus some....great, but others may take a week, month, maybe 3 months or more. So to maximise your profits & to make full use of your trading capital, it is usually quicker to cut your losses & move on to a better deal.
Sorry I can't help anymore than that, & if they would all be perfect trades, life would be too easy.
Cheers
G'day savtin,
That is the plan....but you can't win them all.don't you then have to wait until the stock reaches the $1.84 price before selling with a divi as clear profit?????????????
It is a stock that I don't trade for the dividend. The yield is quite good unleveraged, however, they only offer an LVR of 50%, so it does not reach my best prospects list.
I lower my stoploss by the dividend + franking credit prior to opening on exdiv day
I assume you bought around announcement date
If you originally paid 184.0, then my stoploss would be 178.0
The price did not improve & the last price before exdiv was 179.5, so my stoploss would still remain at 178.0
Prior to open on exdiv day, I would adjust the stoploss to be 169.0, & it hit that on the close 21st March @ 166.0.....
Not all stocks will return to their buy price after exdiv date quickly, & what is good one period can be a dog the next, that is why you must write yourself a set of rules to suit you own comfort zone.
UTB returned to its buy price on exdiv day plus some....great, but others may take a week, month, maybe 3 months or more. So to maximise your profits & to make full use of your trading capital, it is usually quicker to cut your losses & move on to a better deal.
Sorry I can't help anymore than that, & if they would all be perfect trades, life would be too easy.
Cheers
Re: Dividend, Share Price. Is there a connection?
Sold VBA today @ 192.0 after a long wait & letting it fall through my stoploss a few times
Bought 18th November @ 189.0 with a margin of 65%
Investment 66.15/share
Exdiv 22nd November, dividend 25.0 fully franked 10.71/share
Gross profit 38.71/share = 58.52% return on investment. 126 days
Interest calculates to 5.94 cents / share which after interest is 49.54% ROI
Maybe more in it, but I have waited long enough.
Sold VBA today @ 192.0 after a long wait & letting it fall through my stoploss a few times
Bought 18th November @ 189.0 with a margin of 65%
Investment 66.15/share
Exdiv 22nd November, dividend 25.0 fully franked 10.71/share
Gross profit 38.71/share = 58.52% return on investment. 126 days
Interest calculates to 5.94 cents / share which after interest is 49.54% ROI
Maybe more in it, but I have waited long enough.
Re: Dividend, Share Price. Is there a connection?
Bought APN today @ 495.0 with a margin of 70%
Investment 148.5/share
Exdiv 31st March, dividend 15.4/share, 30% franked 1.98/share
Sold REB today in bits & pieces, @ average 353.4
Bought 17th March on the close @ 340.0/share with a margin of 50%
Investment 170.0/share
Exdiv 28th March, dividend 7.5/share, fully franked 3.21/share
Gross profit 13.4/share = 7.88% return on investment
Bought APN today @ 495.0 with a margin of 70%
Investment 148.5/share
Exdiv 31st March, dividend 15.4/share, 30% franked 1.98/share
Sold REB today in bits & pieces, @ average 353.4
Bought 17th March on the close @ 340.0/share with a margin of 50%
Investment 170.0/share
Exdiv 28th March, dividend 7.5/share, fully franked 3.21/share
Gross profit 13.4/share = 7.88% return on investment
Re: Dividend, Share Price. Is there a connection?
Sold IAG today @ 543.0
Bought 24th February @ 543.0 with a margin of 70%
Investment 162.9/share
Exdiv 2nd March, dividend 13.5/share fully franked
Gross profit 13.5/share = 8.28% return on investment. fc excluded. 32 days
Sold IAG today @ 543.0
Bought 24th February @ 543.0 with a margin of 70%
Investment 162.9/share
Exdiv 2nd March, dividend 13.5/share fully franked
Gross profit 13.5/share = 8.28% return on investment. fc excluded. 32 days
Re: Dividend, Share Price. Is there a connection?
Sold CML today @ 1061.0
Bought 21st March @ 1040.0 with a margin of 75%
Investment 260.0/share
Exdiv date 13th April, dividend 19.5/share, fully franked 8.36/share
Gross profit 21.0/share = 8.08% return on investment. 8 days
Sold CML today @ 1061.0
Bought 21st March @ 1040.0 with a margin of 75%
Investment 260.0/share
Exdiv date 13th April, dividend 19.5/share, fully franked 8.36/share
Gross profit 21.0/share = 8.08% return on investment. 8 days
Re: Dividend, Share Price. Is there a connection?
Sold AMP on the open today @ 869.0
Bought 15th March @ 865.0 with a margin of 75%
Investment 216.25/share
Exdiv date 27th March, dividend 18.0/share 75% franked 5.79/share
Gross profit 22.0/share = 10.17% return on investment, fc excluded. 19 days
Sold AMP on the open today @ 869.0
Bought 15th March @ 865.0 with a margin of 75%
Investment 216.25/share
Exdiv date 27th March, dividend 18.0/share 75% franked 5.79/share
Gross profit 22.0/share = 10.17% return on investment, fc excluded. 19 days
Re: Dividend, Share Price. Is there a connection?
Sold TAH today @ 1566.0
Bought 27th February @ average 1556.497 with a margin of 75%
Investment 389.12/share
Exdiv 28th February, dividend 44.0/share fully franked 18.86/share
Gross profit 53.503/share = 13.75% return on investment, fc excluded. 35 days
Sold TAH today @ 1566.0
Bought 27th February @ average 1556.497 with a margin of 75%
Investment 389.12/share
Exdiv 28th February, dividend 44.0/share fully franked 18.86/share
Gross profit 53.503/share = 13.75% return on investment, fc excluded. 35 days
Re: Dividend, Share Price. Is there a connection?
Sold CML today @ 1081.0
Bought 30th March @ 1051.0 with a margin of 75%
Investment 262.75/share
Exdiv date 13th April, dividend 19.5/share, fully franked 8.36/share
Gross profit 30.0/share = 11.42% return on investment. 4 days
Sold CML today @ 1081.0
Bought 30th March @ 1051.0 with a margin of 75%
Investment 262.75/share
Exdiv date 13th April, dividend 19.5/share, fully franked 8.36/share
Gross profit 30.0/share = 11.42% return on investment. 4 days
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