Ex-Dividend advice

[Family_Guy]

I have ANZ that is above my initial goal to sell, but it went Ex-Div yesterday. So how long do i hold it so i know i will eventually get the divs paid. I read somewhere that when it goes Ex-Div that it is 4 days afterwards that the books get closed on it. Is that right?

 

[strudy]

The ex dividend (or ex date) occurs four business days before the company's Record Date and is the date the share registry closes to determine which shareholders are registered to receive the dividend. To be entitled to a dividend a shareholder must have purchased shares before the ex dividend date. If you purchase shares on or after that date, the previous owner of the shares (and not you) is entitled to the dividend.

Before the ex dividend date the shares are said to be cum dividend. If you buy shares whilst they are cum dividend you are entitled to the recently announced dividend. The Date Payable is the date on which a company's dividend is paid to shareholders.

Hope that helps.

Regards STRUDY.