Dividend, Share Price: Is there a connection?

[rozella]

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

Bought MMA today on the close @ 112.0 (I have not traded this one before so went easy on it with 13000, the only trade on the close) with a margin of 75%
Investment 28.0/share
Exdiv 5th March (Monday)
Dividend 4.0/share fully franked 1.71/share

Better day today finishing about square, but very volatile....plus to minus in large licks all day.

 

[rozella]

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

Bought MRE today @ 666.0 (the devils number) with a margin of 60%
Investment 266.40/share
Exdiv date 6th March (tomorrow)
Dividend 45.0/share fully franked 19.29/share

 

[j4mesa]

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

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.

Thanks alot Roz....now it makes more sense to me as of why we are having record date............

Say we sell b4 record date...... is there any way we can inform the registry regarding the TFN n etc2?

 

[rozella]

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

G'day j4mesa,

Say we sell b4 record date...... is there any way we can inform the registry regarding the TFN n etc2?

Yes, you can usually do this online with the major registries.
computershare
Link Market Services

If you are using a dividend trading strategy, it is wise to always register your TFN & method of dividend payment yourself rather than leave it to the broker on each trade as the broker may not register before record date, especially if you have purchased just prior to exdiv date. Record date is 4 business days after exdiv date & also the registry won't know about your transaction until T3, so in this case it is best to do it on settlement date.

You can apply online to become a member of the above registries so you can do this online.

If it is only the odd stock you need to register, than you can download the necessary forms from their websites, then fax or post the details.

It sounds a lot of hassle, but if you don't supply the TFN, you will have 48.5% withholding tax deducted from the dividend. After a while it just becomes part of everyday trading.

 

[rozella]

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

Sold ABC 6th March @ 333.0
Bought 27th February @ 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
Gross loss 2.05/share = 1.75% loss on investment. 7 days

Sold ABC 7th March on the open @ 333.0
Bought 5th March @ 328.0 with a margin of 65%
Investment 114.80/share
Exdiv 7th March
Dividend 7.5/share fully franked 3.21/share
Special dividend 6.0/share fully franked 2.57/share
Gross profit 18.5/share = 16.11% return on investment, excl fc. 2 days

Bought WAN today on the open today @ 1500.0 with a margin of 70%
Investment 450.0/share
Exdiv 9th March
Dividend 30.0/share fully franked 12.86/share

 

[rozella]

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

Sold GFF today on the close @ 229.0
Bought 1st March @ 229.0 with a margin of 70%
Investment 68.7/share
Exdiv 2nd March
Dividend 6.0/share 40% franked 1.03/share
Gross profit 6.0/share = 8.73% return on investment, excl fc. 6 days

 

[rozella]

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

Bought another parcel of ZFX yesterday @ 1627.0 with a margin of 70%
Investment 488.10/share
Dividend announcement 22nd February
Exdiv 30th March
Dividend 70.0/share fully franked 30.0/share

 

[j4mesa]

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

G'day j4mesa,


Yes, you can usually do this online with the major registries.
computershare
Link Market Services

If you are using a dividend trading strategy, it is wise to always register your TFN & method of dividend payment yourself rather than leave it to the broker on each trade as the broker may not register before record date, especially if you have purchased just prior to exdiv date. Record date is 4 business days after exdiv date & also the registry won't know about your transaction until T3, so in this case it is best to do it on settlement date.

You can apply online to become a member of the above registries so you can do this online.

If it is only the odd stock you need to register, than you can download the necessary forms from their websites, then fax or post the details.

It sounds a lot of hassle, but if you don't supply the TFN, you will have 48.5% withholding tax deducted from the dividend. After a while it just becomes part of everyday trading.

Thank you Roz !!

 

[rozella]

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

Sold a parcel of AMP today @ 1030.0
Bought 8th March @ 1028.0 with a margin of 75%
Investment 257.0/share
Exdiv 9th March
Dividend 21.0/share 85% franked 7.65/share
Gross profit 23.0/share = 8.95% return on investment. excl fc. 4 days

 

[rozella]

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

Sold a parcel of ADB today @ 1330.0
Bought 5th March @ 1330.0 with a margin of 70%
Investment 399.0/share
Exdiv 8th March
Dividend 29.0/share fully franked 12.43/share
Gross profit 29.0/share = 7.27% return on investment, excl fc. 7 days

Sold a parcel of WAN today on the close @ 1525.0
Bought 7th March on the open @ 1500.0 with a margin of 70%
Investment 450.0/share
Exdiv 9th March
Dividend 30.0/share fully franked 12.86/share
Gross profit 55.0/share = 12.22% return on investment, excl fc. 5 days.

Some nice rises today.

 

[rozella]

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

Bought another parcel of ZFX today @ 1631.0 with a margin of 70%
Investment 489.30/share
Exdiv 30th March
Dividend 70.0/share fully franked 30.0/share

Bought another parcel of WOW today @ 2794.0 with a margin of 75%
Investment 698.50/share
Exdiv 22nd March
Dividend 35.0/share fully franked 15.0/share

Bought ALZ today @ 222.0 with a margin of 70%
Investment 66.60/unit
Exdist expected around 27th March
Last years distribution was 4.0/unit, franking credit TBA

 

[rozella]

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

Bought another parcel of SGM today @ 2280.0 with a margin of 70%
Investment 684.0/share
Exdiv 21st March
Dividend 60.0/share 57% franked 14.66/share

Bought MOF today @ 156.0/unit with a margin of 70%
Investment 46.80/unit
Exdist expected 26th March
Last years distribution was 2.82/unit

 

[TheAbyss]

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

Bought another parcel of SGM today @ 2280.0 with a margin of 70%
Investment 684.0/share
Exdiv 21st March
Dividend 60.0/share 57% franked 14.66/share

Bought MOF today @ 156.0/unit with a margin of 70%
Investment 46.80/unit
Exdist expected 26th March
Last years distribution was 2.82/unit

MOF has a very nice looking chart Roz. Higher highers and higher lows.

 

[rozella]

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

G'day TheAbyss,

Yes, MOF is one of the early LPT's to report in this group.....but they all only pay a quarterly distribution, so they don't have quite the price surge as does the others that report in June & December.

I am only after the trading profit & will probably sell before the distribution.

 

[rozella]

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

Bought MGR today @ 547.0/unit with a margin of 70%
Investment 164.10/unit
exdist expected 26th March
Last years distribution was 7.75/unit

 

[rozella]

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

Sold ADB today @ 1360.0
Bought 7th March @ 1343.0 with a margin of 70%
Investment 402.90/share
Exdiv 8th March
Dividend 29.0/share fully franked 12.43/share
Gross profit 46.0/share = 11.42% return on investment, excl fc. 12 days

Bought another parcel of SGM on the open today @ 2421.0 with a margin of 70%
Investment 726.30/share
Exdiv 21st March
Dividend 60.0/share 57% franked 14.66/share

 

[rozella]

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

Sold MRE today @ 670.0
Bought 5th March @ 666.0 (the devils number) with a margin of 60%
Investment 266.40/share
Exdiv date 6th March
Dividend 45.0/share fully franked 19.29/share
Gross profit 49.0/share = 18.39% return on investment, excl fc. 16 days

 

[rozella]

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

Bought another parcel of MGQ yesterday @ 702.0 with a margin of 70%
Investment 210.6/unit
Exdistribution 26th March
Distribution 7.875/unit zero franked

 

[rozella]

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

Sold MGR today @ 557.0
Bought 16th March @ 547.0/unit with a margin of 70%
Investment 164.10/unit
exdist 26th March
Distribution 7.975/unit 20% franked 0.68/unit
Gross profit 10.0/unit = 6.093% return on investment. 6 days

 

[rozella]

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

Sold 2 parcels of MGQ together today.

Sold MGQ today @ 729.0
Bought 20th March @ 727.0 with a margin of 70%
Investment 218.10/unit
Exdistribution 26th March
Distribution 7.875/unit zero franked
Gross profit 2.0/unit = 0.917% return on investment. 2 days

Sold MGQ today @ 729.0
Bought 21st March @ 702.0 with a margin of 70%
Investment 210.6/unit
Exdistribution 26th March
Distribution 7.875/unit zero franked
Gross profit 27.0/unit = 12.82% return on investment. 1 day