record date ? is that australia your talking about? i think in NZ its the same as the ex date ? the day they check to see who gets the dividend ( the ex date)
EX date is 17th , record date is 18th?
Maybe im having a bad day but if you sell today doesnt that mean you miss out (excuse my youthfulness)
so if you brought before the ex date ( your last chance to buy before ex date was on the 16th)
when they do the records on the 18th that is 2 days you have owned it before record date.
it wouldnt matter if you sold today because they are only looking at who was on the register on the night of the 16th and it takes the registery 2 days to update there files of who brought on the 16th.
eg brought on the 16th t2 means regidstered in my name on the 18th
sell on the 17th t2 means registered in the new owners name on the 19th
if your unsure ring a broker they know best ( i might be wrong? lol it happens) so it really only matters that you held it before ex date
so if you brought before the ex date ( your last chance to buy before ex date was on the 16th)
when they do the records on the 18th that is 2 days you have owned it before record date.
it wouldnt matter if you sold today because they are only looking at who was on the register on the night of the 16th and it takes the registery 2 days to update there files of who brought on the 16th.
eg brought on the 16th t2 means regidstered in my name on the 18th
sell on the 17th t2 means registered in the new owners name on the 19th
if your unsure ring a broker they know best ( i might be wrong? lol it happens) so it really only matters that you held it before ex date
You are right. I have quite often bought in the day before ex div just to get the div.
so if you brought before the ex date ( your last chance to buy before ex date was on the 16th)
when they do the records on the 18th that is 2 days you have owned it before record date.
it wouldnt matter if you sold today because they are only looking at who was on the register on the night of the 16th and it takes the registery 2 days to update there files of who brought on the 16th.
eg brought on the 16th t2 means regidstered in my name on the 18th
sell on the 17th t2 means registered in the new owners name on the 19th
if your unsure ring a broker they know best ( i might be wrong? lol it happens) so it really only matters that you held it before ex date
You are 100% correct.
As an aside, T2 starts from the end of the day's trading, not the time the trade processed. i.e. it is 2 full trading days, not 48 hours before it shows up on the registry.
spark been in the doldrums bit since div was paid but seems to be finding some love today , maybe as a high div player it is started to be noticed again after the others have all run hard lately
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