Iron ore price, page-36327

People, it's really simple, if you are buying and selling stock as normal, all you need to care about is:

• The date you actually purchased and sold the stock; and
• The ex-dividend date.

If you sell the stock on the ex-dividend date, you will receive the dividend.

To claim the franking credits:

1. If you have less than $5k in franking credits for the financial year, no rules apply, if not:
2. You have to hold the stock for 47 days including the buy/sell date or 45 days excluding the buy/sell date.
3. You have to have at least 30% (delta 0.3) of your position "at-risk" during that 47 day period.

It doesn't matter if you hold your stock for the 47 day period, before, after, or a combination thereof, you just need to:

1. hold the stock on the ex-dividend date; and
2. have held that stock for 47 days prior to selling.

With normal buying/selling of stock, the record date means as much as Christmas day does for your dividends - nothing.