Forget about the record date. If you buy on the 15th, shares CUm with the dividend attached. If you buy on the 16th, they will come EXcluding the dividend. Look at the share price on the 16th and you will see that the market will price in (ie discount) the grossed up dividend.
CBA Price at posting:
$99.67 Sentiment: None Disclosure: Held
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