Scales - SCL

[drcjp]

Um..it says here record date is tomorrow, the 6th.https://www.nzx.com/files/attachments/249908.pdf

[Jantar]

Um..it says here record date is tomorrow, the 6th.https://www.nzx.com/files/attachments/249908.pdf

It says here that it is today
https://www.nzx.com/markets/NZSX/sec.../SCL/dividends

[drcjp]

It says here that it is today
https://www.nzx.com/markets/NZSX/sec.../SCL/dividends

LOL. That explains it. Some munter in the NZX either can't read or has decided that the company filed forms don't actually mean what they say it means.

[Jantar]

Does that mean that anyone buying today effectively gets the ex divi price and still gets the divi as well?

[drcjp]

Does that mean that anyone buying today effectively gets the ex divi price and still gets the divi as well?

Yep, thats why I asked the q in the first place. Big stuff up by the NZX - opens a whole can of worms.

[777]

LOL. That explains it. Some munter in the NZX either can't read or has decided that the company filed forms don't actually mean what they say it means.

+2. Ex date is always prior to record date. Every share on the market is the same. That munter you refer to is correct. It surprises me the lack of knowledge of some posters.

If you bought yesterday then your shares will be registered by tomorrow (+2). So you will get the dividend. Sold yesterday then you won't.

Buy today and you won't and sell today you will.

It is so simple. Sharemarket 101.

[winner69]

+2. Ex date is always prior to record date. Every share on the market is the same. That munter you refer to is correct. It surprises me the lack of knowledge of some posters.

If you bought yesterday then your shares will be registered by tomorrow (+2). So you will get the dividend. Sold yesterday then you won't.

Buy today and you won't and see today you will.

It is so simple. Sharemarket 101.

Sorted - well done 777

Everybody happy now?

[tim23]

No you either buy them 4 January and get the 8c dividend or buy 5 January at the xd price so proably 8c cheaper.

[macduffy]

No you either buy them 4 January and get the 8c dividend or buy 5 January at the xd price so proably 8c cheaper.

Theoretically that's so, everything else being equal. But it hardly ever is, as witnss the range of prices that SCL traded at today.

[tim23]

Quite correct my point really being you either buy cd or xd as it looked like a post above thought they might get a dollar each way!