Thanks for info, I need to watch that in future. The company releases to market said record date 8th March
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Thanks for info, I need to watch that in future. The company releases to market said record date 8th March
"Record date" means as recorded on the share register. With settlement 3 days after a trade (T+3) it would have been necessary to have bought by Tuesday the 5th for the transfer to be "recorded" by Friday 8th March.
Thanks
That makes sense.
not correct macd..........you will receive the divi even if you purchase on the last "cum div" date........you are actually recorded via the share purchase system and the divi will find its way thru to the new "owner" even tho the sale/purchase has not yet been registered with the appropriate registry. You buy those shares.........you own them.......therefore you are naturally entitled to the divi if it's pre the "x" date. The record date is not the registry record date but the sale/purchase record date.
Thanks, GR8. I stand corrected. Never been too concerned about the record date, myself, but take care to note whether buying or selling cum or ex div.
GR8DAY check with your broker the NZX has adopted the ASX system of three dates to the best of my Knowledge.