WBC 1.40% $28.99 westpac banking corporation

ex dividend date, page-30

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    "If you wish to purchase the shares just to receive the dividends and then sell them again – you must buy the shares before the ex-dividend date and sell them after the record date to be entitled to the dividends. In our example, this means buying the shares on or before Thursday 17th and selling them after Thursday 24th."

    If you buy before the close of trading the day before the ex-dividend date and sell at the opening of trading on the ex-dividend date, you will get the dividend. To get any franking credits, you must comply to the 45 day rule where applicable. The record date has really no bearing other than allowing the registry to process the T+3 delay.
 
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