Dividend, Share Price: Is there a connection?
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Re: Dividend, Share Price. Is there a connection?
e.g. if you had $100,000 as your working capital, then used a margin loan with the average LVR being 70% & you utilised the lot, you would have $333,333.33 in the market. This would be utilising 100% of your available credit.
Although the marginlender will not extend the credit further to buy more stocks, they have a further leeway of 10% (buffer) before they would give a margin call. i.e. If the stocks dropped $33,333.33 then you would be utilising 110% of the available credit.
Most marginlenders will give 10% buffer these days.j4mesa said:
e.g. if you had $100,000 as your working capital, then used a margin loan with the average LVR being 70% & you utilised the lot, you would have $333,333.33 in the market. This would be utilising 100% of your available credit.
Although the marginlender will not extend the credit further to buy more stocks, they have a further leeway of 10% (buffer) before they would give a margin call. i.e. If the stocks dropped $33,333.33 then you would be utilising 110% of the available credit.
Re: Dividend, Share Price. Is there a connection?
Sold 2 parcels of CBA today @ 5087.0 to finance some more trades. Still holding 1 parcel.
Sold CBA today @ 5087.0
Bought 2nd January @ 4940.0 with a margin of 75%
Investment 1235.0/share
Dividend announcement 14th February
Exdiv today 19th February
Dividend 107.0/share fully franked 45.86/share.
Gross profit 299.86/share = 24.28% return on investment, incl fc. 48 days
Sold CBA today @ 5087.0
Bought 14th February @ 5160.0 with a margin of 75%
Investment 1290.0/share
Dividend announcement 14th February
Exdiv today 19th February
Dividend 107.0/share fully franked 45.86/share.
Gross profit 34.0/share = 2.63% return on investment, excl fc. 5 days
Sold 2 parcels of CBA today @ 5087.0 to finance some more trades. Still holding 1 parcel.
Sold CBA today @ 5087.0
Bought 2nd January @ 4940.0 with a margin of 75%
Investment 1235.0/share
Dividend announcement 14th February
Exdiv today 19th February
Dividend 107.0/share fully franked 45.86/share.
Gross profit 299.86/share = 24.28% return on investment, incl fc. 48 days
Sold CBA today @ 5087.0
Bought 14th February @ 5160.0 with a margin of 75%
Investment 1290.0/share
Dividend announcement 14th February
Exdiv today 19th February
Dividend 107.0/share fully franked 45.86/share.
Gross profit 34.0/share = 2.63% return on investment, excl fc. 5 days
Re: Dividend, Share Price. Is there a connection?
Sold a parcel of WES today @ 3782.0
Bought 23rd January @ 3889.0 with a margin of 75%
Investment 972.25/share
Dividend announcement 15th February.
Exdiv 21st February
Dividend 85.0/share fully franked 36.43/share.
Gross loss 107.0/share = 11.01% loss on investment. 28 days
Sold SUN today on the close @ 2283.0
Bought 7th February @ 2184.0 with a margin of 75%
Investment 546.0/share
Dividend announcement 20th February (today)
Exdiv 1st March
Dividend was 52.0/share fully franked 22.28/share
Gross profit 99.0/share = 18.13% return on investment. 13 days
Sold a parcel of WES today @ 3782.0
Bought 23rd January @ 3889.0 with a margin of 75%
Investment 972.25/share
Dividend announcement 15th February.
Exdiv 21st February
Dividend 85.0/share fully franked 36.43/share.
Gross loss 107.0/share = 11.01% loss on investment. 28 days
Sold SUN today on the close @ 2283.0
Bought 7th February @ 2184.0 with a margin of 75%
Investment 546.0/share
Dividend announcement 20th February (today)
Exdiv 1st March
Dividend was 52.0/share fully franked 22.28/share
Gross profit 99.0/share = 18.13% return on investment. 13 days
Re: Dividend, Share Price. Is there a connection?
Sold WAN on the close @ 1530.0
Bought on the open today @ 1464.0 with a margin of 70%
Investment 439.20/share
Exdiv 9th March
Dividend 30.0/share fully franked 12.86/share
Gross profit 66.0/share = 15.02% return on investment. Same day.
Bought SUN on the close @ 2265.0 with a margin of 75%
Investment 566.25/share
Exdiv date 1st March
Dividend 52.0/share fully franked 22.29/share.
Sold WAN on the close @ 1530.0
Bought on the open today @ 1464.0 with a margin of 70%
Investment 439.20/share
Exdiv 9th March
Dividend 30.0/share fully franked 12.86/share
Gross profit 66.0/share = 15.02% return on investment. Same day.
Bought SUN on the close @ 2265.0 with a margin of 75%
Investment 566.25/share
Exdiv date 1st March
Dividend 52.0/share fully franked 22.29/share.
Re: Dividend, Share Price. Is there a connection?
Sold CBA today @ 5102.0
Bought 8th February @ 5100.0 with a margin of 75%
Investment 1275.0/share
Dividend announcement 14th February
Exdiv 19th February
Dividend 107.0/share fully franked 45.86/share.
Gross profit 109.00/share = 8.55% return on investment, excl fc. 14 days
Sold SGM today on the close @ 2285.0
Bought 15th February @ 2227.0 with a margin of 70%
Investment 668.10/share
Dividend announcement 20th February
Exdiv 21st March
Dividend 60.0/share 57% franked 14.66/share
Gross profit 58.0/share = 8.68% return on investment. 7 days
Bought ZFX today @ 1700.0 with a margin of 70%
Investment 510.0/share
Dividend announcement 22nd February (today)
Exdiv 30th March
Dividend 70.0/share fully franked 30.0/share
Sold CBA today @ 5102.0
Bought 8th February @ 5100.0 with a margin of 75%
Investment 1275.0/share
Dividend announcement 14th February
Exdiv 19th February
Dividend 107.0/share fully franked 45.86/share.
Gross profit 109.00/share = 8.55% return on investment, excl fc. 14 days
Sold SGM today on the close @ 2285.0
Bought 15th February @ 2227.0 with a margin of 70%
Investment 668.10/share
Dividend announcement 20th February
Exdiv 21st March
Dividend 60.0/share 57% franked 14.66/share
Gross profit 58.0/share = 8.68% return on investment. 7 days
Bought ZFX today @ 1700.0 with a margin of 70%
Investment 510.0/share
Dividend announcement 22nd February (today)
Exdiv 30th March
Dividend 70.0/share fully franked 30.0/share
Re: Dividend, Share Price. Is there a connection?
Sold off my last parcel of WES yesterday on the close @ 3660.0 (better later than never)
Bought 23rd January @ 3889.0 with a margin of 75%
Investment 972.25/share
Dividend announcement 15th February.
Exdiv 21st February
Dividend 85.0/share fully franked 36.43/share.
Gross loss 144.0/share = 14.81% loss on investment, fc excl. 31 days
Sold off my last parcel of WES yesterday on the close @ 3660.0 (better later than never)
Bought 23rd January @ 3889.0 with a margin of 75%
Investment 972.25/share
Dividend announcement 15th February.
Exdiv 21st February
Dividend 85.0/share fully franked 36.43/share.
Gross loss 144.0/share = 14.81% loss on investment, fc excl. 31 days
Re: Dividend, Share Price. Is there a connection?
Sold TAH today on the close @ 1689.0
Bought 8th February @ 1763.0 with a margin of 70%
Investment 528.9/share
Dividend announcement 21st February
Exdiv 27th February (tomorrow)
Dividend 47.0/share fully franked 20.14/share.
Gross loss 74.0/share = 13.99% loss on investment. 18 days
Sold ZFX today on the close @ 1770.0
Bought 22nd February @ 1700.0 with a margin of 70%
Investment 510.0/share
Dividend announcement 22nd February
Exdiv 30th March
Dividend 70.0/share fully franked 30.0/share
Gross profit 70.0/share = 13.73% return on investment. 4 days
Bought another parcel of AMP @ 1070.0 with a margin of 75%
Investment 267.50/share
Exdiv 9th March
Dividend 21.0/share 85% franked 7.65/share
Bought another parcel of SUN today @ 2314.0 (should be more patient) with a margin of 75%
Investment 578.50/share
Exdiv 1st March
Dividend 52.0/share fully franked
Sold TAH today on the close @ 1689.0
Bought 8th February @ 1763.0 with a margin of 70%
Investment 528.9/share
Dividend announcement 21st February
Exdiv 27th February (tomorrow)
Dividend 47.0/share fully franked 20.14/share.
Gross loss 74.0/share = 13.99% loss on investment. 18 days
Sold ZFX today on the close @ 1770.0
Bought 22nd February @ 1700.0 with a margin of 70%
Investment 510.0/share
Dividend announcement 22nd February
Exdiv 30th March
Dividend 70.0/share fully franked 30.0/share
Gross profit 70.0/share = 13.73% return on investment. 4 days
Bought another parcel of AMP @ 1070.0 with a margin of 75%
Investment 267.50/share
Exdiv 9th March
Dividend 21.0/share 85% franked 7.65/share
Bought another parcel of SUN today @ 2314.0 (should be more patient) with a margin of 75%
Investment 578.50/share
Exdiv 1st March
Dividend 52.0/share fully franked
Re: Dividend, Share Price. Is there a connection?
Bought ABC today @ 335.05 with a margin of 65%
Investment 117.267/share
Exdiv 7th March
Dividend 7.5/share fully franked 3.21/share
Special dividend 6.0/share fully franked 2.57/share
Bought ADB today @ 1385.0 with a margin of 70%
Investment 415.50/share
Exdiv 8th March
Dividend 29.0/share fully franked 12.43/share
Bought ABC today @ 335.05 with a margin of 65%
Investment 117.267/share
Exdiv 7th March
Dividend 7.5/share fully franked 3.21/share
Special dividend 6.0/share fully franked 2.57/share
Bought ADB today @ 1385.0 with a margin of 70%
Investment 415.50/share
Exdiv 8th March
Dividend 29.0/share fully franked 12.43/share
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Re: Dividend, Share Price. Is there a connection?
Hi,
Rosella, you wrote:
"if you trade cum-dividend stocks as I am all the time, it becomes part of every day trading to make sure that all details are registered & up to date."
What exactly are the 'details' you are talking about here? I recently enquired about registering some details with Link market Services. They seemed to have no idea what i was talking about and said because the trade was broker sponsered there is nothing I can register apart from personal details, tax file number and banking details. Are these the 'details' you are talking about?
=======
Bodhi
Hi,
Rosella, you wrote:
"if you trade cum-dividend stocks as I am all the time, it becomes part of every day trading to make sure that all details are registered & up to date."
What exactly are the 'details' you are talking about here? I recently enquired about registering some details with Link market Services. They seemed to have no idea what i was talking about and said because the trade was broker sponsered there is nothing I can register apart from personal details, tax file number and banking details. Are these the 'details' you are talking about?
=======
Bodhi
Re: Dividend, Share Price. Is there a connection?
Yes that is all it is, simple as it may be, but if you leave it upto the broker to register your TFN, then you take the risk that it is not done by record date & therefore 48.5% withholding tax may be deducted from your dividend, especially if you purchase close to the exdiv date (day before)
There is 4 business days between exdiv date & record date & 3 days for settlement of a purchase which really only gives 1 full day to record the details if buying the day before exdiv date. That is why leaving it to the broker is risky. Of course you can always claim it back at tax time but who needs the hassle & you don't have all the dividend in the meantime.
Yes that is all it is, simple as it may be, but if you leave it upto the broker to register your TFN, then you take the risk that it is not done by record date & therefore 48.5% withholding tax may be deducted from your dividend, especially if you purchase close to the exdiv date (day before)
There is 4 business days between exdiv date & record date & 3 days for settlement of a purchase which really only gives 1 full day to record the details if buying the day before exdiv date. That is why leaving it to the broker is risky. Of course you can always claim it back at tax time but who needs the hassle & you don't have all the dividend in the meantime.
Re: Dividend, Share Price. Is there a connection?
Sold WOW on the close today @ 2720.0
Bought 16th February @ 2514.0 with a margin of 75%
Investment 628.50/share
Dividend announcement expected 27th February
Exdiv expected 22nd March
Dividend 35.0/share fully franked 15.0/share
Gross profit 206.0/share = 32.77% return on investment. 12 days
Sold WOW on the close today @ 2720.0
Bought 16th February @ 2514.0 with a margin of 75%
Investment 628.50/share
Dividend announcement expected 27th February
Exdiv expected 22nd March
Dividend 35.0/share fully franked 15.0/share
Gross profit 206.0/share = 32.77% return on investment. 12 days
Re: Dividend, Share Price. Is there a connection?
The market is not exactly flying however....
Re-entered WOW today @ 2710.0 with a margin of 75%
Investment 677.50/share
Dividend announcement 27th February
Exdiv 22nd March
Dividend 35.0/share fully franked 15.0/share
Re-entered ZFX on the open @ 1688.0 with a margin of 70%
Investment 506.40/share
Dividend announcement 22nd February
Exdiv 30th March
Dividend 70.0/share fully franked 30.0/share
The market is not exactly flying however....
Re-entered WOW today @ 2710.0 with a margin of 75%
Investment 677.50/share
Dividend announcement 27th February
Exdiv 22nd March
Dividend 35.0/share fully franked 15.0/share
Re-entered ZFX on the open @ 1688.0 with a margin of 70%
Investment 506.40/share
Dividend announcement 22nd February
Exdiv 30th March
Dividend 70.0/share fully franked 30.0/share
Re: Dividend, Share Price. Is there a connection?
Sold SUN today @ 2099.0
Bought 21st February @ 2265.0 with a margin of 75%
Investment 566.25/share
Exdiv date 1st March
Dividend 52.0/share fully franked 22.29/share.
Gross loss 114.0/share = 20.13 loss on investment. excl fc. 8 days
Sold SUN today @ 2100.0
Bought 26th February @ 2314.0 with a margin of 75%
Investment 578.50/share
Exdiv 1st March
Dividend 52.0/share fully franked
Gross loss 162.0/share = 28.00% loss on investment, exl fc. 3 days
Bought GFF on the close @ 229.0 with a margin of 70%
Investment 68.7/share
Exdiv 2nd March (tomorrow)
Dividend 6.0/share 40% franked 1.03/share
Sold SUN today @ 2099.0
Bought 21st February @ 2265.0 with a margin of 75%
Investment 566.25/share
Exdiv date 1st March
Dividend 52.0/share fully franked 22.29/share.
Gross loss 114.0/share = 20.13 loss on investment. excl fc. 8 days
Sold SUN today @ 2100.0
Bought 26th February @ 2314.0 with a margin of 75%
Investment 578.50/share
Exdiv 1st March
Dividend 52.0/share fully franked
Gross loss 162.0/share = 28.00% loss on investment, exl fc. 3 days
Bought GFF on the close @ 229.0 with a margin of 70%
Investment 68.7/share
Exdiv 2nd March (tomorrow)
Dividend 6.0/share 40% franked 1.03/share
Re: Dividend, Share Price. Is there a connection?
Hi Rozella,
How are you n your trading recently ?
I think everyone is not doing too well........
Just a quick question, I would like to ask if we buy share b4 ex-div and sell on the record date. So do we still get the dividends ?
Hi Rozella,
How are you n your trading recently ?
I think everyone is not doing too well........
Just a quick question, I would like to ask if we buy share b4 ex-div and sell on the record date. So do we still get the dividends ?
Re: Dividend, Share Price. Is there a connection?
Wednesday was my largest hit, however, there is not much one can do when it already is down on open.....only to stop it going lower & use some discretion. Yesterday & today are not so bad....I am nicely up today atm.j4mesa said:
You can buy as late as the close the day before exdiv day & sell as early as the open on exdiv day & still be entitled to the dividend. The contract dates control who is entitled to the dividend. The record date is 4 business days after the exdiv date so you have no worries.
Re: Dividend, Share Price. Is there a connection?
Contract date , when is it ? is it the same as the ex-div date ?
Record date is for the registry to record who is entitled for div. If we only need to own b4 ex-div and can sell on ex-div, so, why do they need to bother to have record date ?
Thank you in advance Roz..
Contract date , when is it ? is it the same as the ex-div date ?
Record date is for the registry to record who is entitled for div. If we only need to own b4 ex-div and can sell on ex-div, so, why do they need to bother to have record date ?
Thank you in advance Roz..
Re: Dividend, Share Price. Is there a connection?
G'day j4mesa,
G'day j4mesa,
Contract date is your buy/sell contract notes
Even though you are entitled to the dividend, the registry needs to know how you want your dividend paid i.e. cheque or direct deposit, & they also need your TFN. If you don't supply your TFN then they can deduct 48.5% withholding tax from the dividend. Of course you can claim it at tax time but who needs the hassle & you are not making use of the full dividend.
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