ex dividend date, page-14

Refer to http://www.asx.com.au/products/shares-faqs.htm#6941

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. --> It means that if you sell shares on ex dividend date, the purchaser still not be able to receive 'your' dividend as you are the entitled person to get it.

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