Dividend stripping is a global phenomena whereas the 45 day rule...

Dividend stripping is a global phenomena whereas the 45 day rule is an idiosyncratic Australian gesture tied to the franking account and franking credit system. The idea was that the 45 day rule ended a "tax break" whereby an Aussie resident could get the benefit of the franking and make a "stag" capital gain from holding the scrip of the company issuing the franked dividend from the ANN to the record date. U buy before the record date and sell after the record date, getting the dividend, the franking benefit and the capital gain (or loss to the extent that ur loss does not crowd out the franking benefit and cash dividend).

Dividend stripping is now so well understood that u cannot really trade it in itself on the NYSE, NASDAQ, LSE, TSE, ASX and NZX but u can obviously trade ahead of the ANN depending on how strong u think the ANN will be.

Most of the good stuff is already priced into the major regional banks in the Pacific and the States: CBA and NAB, Citi and Goldman Sachs, JP Morgan and Wells Fargo (with the corporate governance issues at Wells Fargo well known).

It is the lesser knowns that may provide the growth such as the Canadian Banks, RBC, TD (which has US exposure), British Banks such as Barclays, HSBC, Lloyds, StanChart are still under water and the Australian regionals/ smaller Big 4s such as ANZ, WBC might have further to go IMHO but pls DYOR.

Some banks such as NAB and CBA are priced for higher dividends, for the biggest bank in the regions