Holding for dividend?

[JackJackJack]

If i buy a share before the ex div date, how long do I have to hold it to be entitled to the dividend?

Thanks

Jack

 

[mfp]

You need to own it when the market closes the day before it goes ex-div.

 

[JackJackJack]

and if I sell it one day after it gos ex dividend I still get the dividend?

 

[prawn_86]

You have to buy it before the ex date and hold it till the record date. Usually 3 - 5 days.

Correct me if im wrong...

 

[mfp]

You have to buy it before the ex date and hold it till the record date. Usually 3 - 5 days.

Correct me if im wrong...

Wrong! You can sell it the minute the market opens on ex-div date and you will receive your dividend.

 

[mfp]

and if I sell it one day after it gos ex dividend I still get the dividend?

Read my previous post.

 

[roland]

If you buy the day before ex div and sell on the day it goes ex div, then you get the dividend.

From ASX.com.au

Shares are quoted 'ex dividend' on the fourth business day before the company's Record Date. To be entitled to a dividend a shareholder must have purchased shares before the ex dividend date. The share price may fall on the ex dividend date, with the fall in price being related to the amount of dividend being paid. Buyers on or after the ex dividend date will not receive the dividend because they will not be registered by the Record Date.

 

[Happy]

And you even keep the franking credits up to $5,000 limit

 

[JackJackJack]

Thanks Guys
You will make a billionaire out of me yet.

 

[white_goodman]

im a novice but a stupid question, is it right to presume a large increase in share price the day before ex div and a drop the next day when its goes ex dividend.... if it doesnt whats stopping me from buying up big the day before everytime a dividend is issued and selling the next day?

whats the ex is ex dividend mean btw? execute?

 

[tech/a]

Don's been dividend stripping before I was in diapers.

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