dividend

Okay, a few people are still confused about when you need to own the shares and still collect the dividend.

1] You MUST own the shares the day before they go ex-dividend.

2] You MAY sell your shares on ex-dividend day and you will STILL collect the dividend.

From the ASX:


"The ex dividend (or ex date) occurs four business days before the company's Record Date and is the date the share registry closes to determine which shareholders are registered to receive the dividend. To be entitled to a dividend a shareholder must have purchased shares before the ex dividend date. If you purchase shares on or after that date, the previous owner of the shares (and not you) is entitled to the dividend"

Cheers, doomdog