I was thinking even more about dividend capture strategy recently.
Lets say AMP share price = 1.50 before dividend, 1.40 after Ex div (so loss of 10c, equal to value of dividend)
If I sell, the dividend itself gets eaten up my drop in price
BUT I get franking credits = 1/0.7*10 - 10 = ~4.2cps
AND I get to log a capital loss of 10c -> Over the long term I will be able to regain 1.5c of this via using it to reduce my capital gains in the future (or 3c if I suddenly wake up tomorrow and begin to start short term trading)
As such even if the price drops equal to the dividend I still capture 5.7cps (or 7.2cps, if i begin short term trading).
Thoughts? Or would we expect the price to drop by 14.2c on ex div (equal to the value of the grossed up dividend)
Ovbs this is a bit of a tangent to AMP discussion at hand, sorry for derailing!
- Forums
- ASX - By Stock
- AMP
- Ann: Dividend/Distribution - AMP
Ann: Dividend/Distribution - AMP, page-95
-
-
- There are more pages in this discussion • 19 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AMP (ASX) to my watchlist
|
|||||
Last
$1.15 |
Change
0.000(0.00%) |
Mkt cap ! $2.986B |
Open | High | Low | Value | Volume |
$1.14 | $1.15 | $1.12 | $6.063M | 5.408M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 75348 | $1.14 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.15 | 482469 | 19 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 65348 | 1.140 |
1 | 35348 | 1.135 |
3 | 43548 | 1.130 |
1 | 35348 | 1.125 |
6 | 100882 | 1.120 |
Price($) | Vol. | No. |
---|---|---|
1.150 | 93495 | 3 |
1.155 | 54000 | 2 |
1.160 | 99206 | 6 |
1.165 | 49798 | 3 |
1.170 | 130366 | 14 |
Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
Featured News
AMP (ASX) Chart |