Ex-dividend dates reference/website

pixel · 15 August 2011

http://rettmer.com.au/TrinityHome/Services/index.htm

Check out "Dividend Schedule (E)"

kid hustlr · 15 August 2011

+1 to trading room, very handy website.

If you buy CBA shares today you won't be entitled to the dividend. If you bought them Friday you would be.

Tysonboss1 · 15 August 2011

kid hustlr said:
+1 to trading room, very handy website.

If you buy CBA shares today you won't be entitled to the dividend. If you bought them Friday you would be.

Yes, Hence part of the reason the shareprice has fallen today. The shares are worth less today than they were on friday.

kid hustlr · 15 August 2011

Muschu said:
BKN and CBA go XD today. So if someone sells thm today they get the dividend or do they have to sell tomorrow - please?
Thanks
Rick

PS: Should add that I bought both last week.

Just realised I didn't really answer your question and I can't edit my post. Yes you could sell your shares today and still get the dividend. As Tyson said the change in share price essentially reflects this.

Julia · 15 August 2011

Just the background:
The actual date that matters is the Record Date.
This is two business days after the Ex Dividend Date.
Given T3, if you sell on the ex dividend date you do get the dividend.

ROE · 15 August 2011

Julia said:
Just the background:
The actual date that matters is the Record Date.
This is two business days after the Ex Dividend Date.
Given T3, if you sell on the ex dividend date you do get the dividend.

dont think so

you dont own the share until T+3 (4 business day from the day you buy the stock)
as far as the systemm is concern

until the money is hand over to the other person at settlement day
the shares still belong to the other party even thought you bought it.

Once you bought it allow you to resell but you are not yet the owner
of that stock...if you dont own it you not entitle to the dividend

pixel · 15 August 2011

Julia said:
Just the background:
The actual date that matters is the Record Date.
This is two business days after the Ex Dividend Date.
Given T3, if you sell on the ex dividend date you do get the dividend.

Sorry Julia,
Record date is irrelevant (and it's usually four business days after ex); it's the ex-div date that matters.

If you sell on or after ex-div, you receive the dividend.
If you buy on or after ex-div, you miss out.

Some top-tier stocks may allow prolonged cum-div trading; when that is the case, a special code is created and announced early on ex-div day; it happened today for CBA, but the ordinary CBA shares dropped by approximately the dividend amount.

See http://www.asx.com.au/asx/markets/dividends.do?by=asxCodes&asxCodes=cba&view=all

Julia · 15 August 2011

ROE said:
dont think so

you dont own the share until T+3 (4 business day from the day you buy the stock)
as far as the systemm is concern

until the money is hand over to the other person at settlement day
the shares still belong to the other party even thought you bought it.

Once you bought it allow you to resell but you are not yet the owner
of that stock...if you dont own it you not entitle to the dividend

Thanks ROE. My apologies re number of days.

Pixel, you can't say the Record date is irrelevant because it's the name on the register at that date which determine who gets the dividend.

From the ASX website:

Record date

The Record Date is 5.00pm on the date a company closes its share register to to determine which shareholders are entitled to receive the current dividend. It is the date where all changes to registration details must be finalised.
Ex dividend date

The ex dividend date occurs four business days before the company's Record Date. To be entitled to a dividend a shareholder must have purchased the 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.

As above, ROE has properly corrected me re number of days between exdiv date and record date.

vkdirector · 16 August 2011

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The latest you can buy to be entitled to the dividend is in the closing matchout the business day before exdiv date.

Then the earliest you can sell to be still entitled to the dividend (provided that it was bought before exdiv date) is on the open matchout on exdiv day.

The important buy/sell dates for the dividend entitlement, is your buy/sell contract dates.....T3 settlement is irrelevant.
__________________
rozella

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davede · 27 August 2011

Muschu said:
BKN and CBA go XD today. So if someone sells thm today they get the dividend or do they have to sell tomorrow - please?
Thanks
Rick

PS: Should add that I bought both last week.

Hi Rick,

We actually wrote up a guide on shares going ex-dividend a couple months ago as shares started going ex-dividend. It's too long to paste here but you can read it here.

Hope it helps.

Ex-dividend dates reference/website

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