Dividend, Share Price: Is there a connection?

[rozella]

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

Sold one parcel of GUD on the close today @ 789.0
Bought 3rd February @ 787.0 with a margin of 65%
Investment 275.45/share
exdiv 20th February, dividend 27.0/share fully franked 11.57/share
Gross profit 40.57/share = 14.73% return on investment, includes fc. 59 days

 

[rozella]

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

Bought JST today @ 315.0 with a margin of 60%
Investment 126.0/share
Exdiv date 19th April, dividend 8.5/share fully franked 3.64/share.
This one is a little under the 10% yield criteria with margin

 

[rozella]

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

Bought NAB today just before & on the close @ average 3711.85 with a margin of 75%
Investment 927.963/share
Exdiv expected 2nd June, last years dividend was 83.0/share, 80% franked 28.46/share.
Hopefully I will have a few trades before exdiv.

 

[rozella]

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

Re-entered CML today @ 1072.0 with a margin of 75%
Investment 268.0/share
Exdiv date 13th April, dividend 19.5/share, fully franked 8.36/share

 

[rozella]

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

Bought BOQ today @ 1623.0 with a margin of 70%
Investment 486.9/share
Exdiv 19th April, dividend 27.0/share, fully franked 11.57/share
maybe a bit early....

 

[rozella]

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

Sold 2 parcels of APN today
Sold APN today @ 497.0
Bought 24th March @ 495.0 with a margin of 70%
Investment 148.5/share
Exdiv 31st March, dividend 15.4/share, 30% franked 1.98/share
Gross profit 17.4/share = 11.72% return on investment, fc excluded. 13 days

Sold APN today @ 497.0
Bought 29th March @ 495.0 with a margin of 70%
Investment 148.5/share
Exdiv 31st March, dividend 15.4/share, 30% franked 1.98/share
Gross profit 17.4/share = 11.72% return on investment, fc excluded. 8 days

 

[rozella]

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

Sold CML today @ 1110.0
Bought 5th April @ 1072.0 with a margin of 75%
Investment 268.0/share
Exdiv date 13th April, dividend 19.5/share, fully franked 8.36/share
Gross profit 38.0/share = 14.18% return on investment. 1 day

 

[rozella]

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

Bought ANZ today @ 2660.0 with a margin of 75%
Investment 665.0/share
Exdiv expected 15th May, last years dividend 51.0/share fully franked 21.86/share

BOQ looks shaky atm

Waiting ?? for a re-entry into CML @ 1100.0 OR less

 

[rozella]

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

Re-entered CML in 2 parcel on the close @ 1111.0, both with a margin of 75%
Investment 277.75/share
Exdiv date 13th April, dividend 19.5/share, fully franked 8.36/share

Still holding BOQ from yesterday after closing today 6 cents below stoploss, & bought another parcel today @ 1570.0 with a margin of 70%
Investment 471.0/share
Exdiv 19th April, dividend 27.0/share, fully franked 11.57/share

 

[Stan 101]

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

Rozella, I know what you mean about BOQ. I jagged a mid 1570 buy after putting in a high 1580 buy, went for a shower, the phone rang on the way out the door and bang..I heard the BOQ was in freefall.
Just profit taking I assume, and I notice that Aegis changed BOQ to a big SELL last night.

It's quiet times on the dividend front at the moment, no?


cheers,

 

[rozella]

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

G'day Stan 101,

I broke one of my golden rules buying BOQ on the announcement day. From periodic research, I have found that more than 50% of the time, stocks that meet my criteria are lower at close on the day after announcement.

BOQ still meets my criteria so it was pointless selling even though it just fell through my stoploss @ 1574.0, & I finished up buying another parcel @ 1570.0

My other mistake for the day was not to take the sell on the open of 325.0 with JST...it also closed @ 325.0 the day before, but greed set in.

I have learnt that "take the profit when it is there, don't wait for when it might be there"

It's quiet times on the dividend front at the moment, no?

No.....I wish it was sometimes. I have 15 stocks atm, all in various stages of the strategy, & the moment if you take your eyes off the monitor, one of them usually makes a run. Also I am preparing to enter the banks & LPT's for their reporting season. ANZ is expected to report on 27th of this month, being the first major.

Cheers

 

[Stan 101]

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

I know what you mean about taking the profit. I've bought and sold in CML several times in the last 2 weeks. But I'm not going to enter back in before EX Div. Also there have been a few that aren't on your radar such as CBH and DLS that I've been moving through buying and selling often. But I'm backing out till the banks get closer to ex time. I usually like to wait and see a bit of a trend before I buy. Probably over cautious.
I'm going to sit on the sidelines this month, with the exception of ANZ, as it's getting a bit warm for this boy. besides, being back in OZ now and there are a couple of tidy realestate opportunities popping up..

Cheers,

 

[rozella]

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

Sold JST today @ 327.0
Bought 4th April @ 315.0 with a margin of 60%
Investment 126.0/share
Exdiv date 19th April, dividend 8.5/share fully franked 3.64/share.
Gross profit 12.0/share = 9.52% return on investment. 8 days
Looking to re-enter again ??

 

[rozella]

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

Sold ANZ today @ 2740.0
Bought 7th April @ 2660.0 with a margin of 75%
Investment 665.0/share
Exdiv expected 15th May, last years dividend 51.0/share fully franked 21.86/share
Gross profit 80.0/share = 12.03% return on investment. 11 days

 

[rozella]

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

Re-entered JST on the close @ 326.0 with a margin of 60%
Investment 130.4/share
Exdiv date 19th April, dividend 8.5/share fully franked 3.64/share.

 

[OzFrisky]

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

Hi, just curious as to why you sold ANZ today. Was it profit taking before the results announcement so that you can then hop on after for the div ?

 

[rozella]

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

G'day OzFrisky,

I like to take profits when they are there, not when they might be there.

ANZ does not report until the 2nd of next month, so possibly there will be some down days to re-enter at the right price. It peaked at 2749.0 today, so I sold as it started to slide.

Dividend last year was 51.0/share, & assume it will be 55.0 to 57.0 this time. It is the dividend that I set out to achieve, so any extra is a bonus....this trade was 80.0/share, & I am ready to re-enter if the opportunity arises.

 

[OzFrisky]

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

Ah I see, so you set out on each trade with the aim of trying to make the dividend amount and once you make that you look at selling each time it starts to trend down, take the profit and then look for a re-entry point to do it all again. Interesting, I thought you might have been working off some kind of I have reached x% profit, time to sell order.

 

[rozella]

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

G'day OzFrisky,

Yes, that is basically it, however, with ANZ I may have outsmarted myself with the DOW being up 194.99 overnight.

Cheers,

 

[rozella]

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

For those into dividend trading, here are a few results to compare with your own.

The following portfolio commenced 1st July 2004 with $75000 using only end of day data, selling only when a stoploss is hit, allowing profits to run.

Interest & brokerage is included, & dividends have been added back as received.

1st July 2004 $75,000
21st April 2006 $166619.26 660 days
Portfolio increase $91619.26 122.16%

Ist July 2005 $109,722.26
21st April 2006 $166619.26 295 days
Portfolio increase $56897.00 51.86%

Margin Loan $195932.32
Available credit $63165.07
Buffer $36255.16
Dividends pending payment $3106.10 (not included in portfolio until received)

Purchases 294
Wins 187
Losses 93
Open 14
The transactions to support the Equity Chart can be found at exdividendwatchlist then click onto Trading Diary 1,Trading Diary 2 & Margin Trading 2