Ex Div Dates

[brucey09]

Snrs.
I still no understand - to sell Cnu last date with no dividend?
please.

[macduffy]

CNU are currently trading cum div - ie the buyer gets the div, the seller doesn't. They go ex div on 25 September. Trades from that date onwards mean that the seller gets the div that is paid on 11 October. Therefore, to avoid being paid the div, one would have to sell before 25 September.

[brucey09]

Snr. Macduffy
Muchas gracias so I selling 24 no dividends yes

[macduffy]

Snr. Macduffy
Muchas gracias so I selling 24 no dividends yes

Correct. Note that these dates apply to the NZ register.

http://www.chorus.co.nz/dividend-information

[craic]

"A good gain tomorrow" should read or tuesday The date on the NZ exchange is 18th Sept. or wednesday. !6th for the Aust. exc. I have mine on the block at 232 and they have reached 231 but I have to be diciplined and hang on even if its only a cent.

Interesting craic how low are you hoping it will go ex div? I bought some a couple of weeks ago, ($2-21)
decided to pick up the div and hopefully sell when it recovers a bit, however if it has a good gain tomorrow, I may do the same as you.

[QOH]

"A good gain tomorrow" should read or tuesday The date on the NZ exchange is 18th Sept. or wednesday. !6th for the Aust. exc. I have mine on the block at 232 and they have reached 231 but I have to be diciplined and hang on even if its only a cent.

You probably got that by the end of the day, I weakened and put mine on at 233 didn't quite get there. Now I don't know whether to pull the order or not. Probably a bird in the hand etc...

[craic]

Yes, got my 232cps at the last minute and its a great feeling. Now to wait for the drop $370 per cent of drop. 20cps would be nice but 30cents would be better.

[Wolf]

Fletcher Ex Dividend date is 25th of September.
I'm planning on getting the dividend then selling so do i sell on the 26th of September?

[QOH]

I presume you can sell 25th and you will be holder of dividend.
Remember theoretically the share might be worth 17 cents less that day ( or whatever the div amount is)

[macduffy]

Yes, "ex div" means the transaction is ex - without - the dividend to the buyer.