"lender still get the dividend because technically they still own the shares, they just lend it out to you"
No, if that were the case, the buyer of the shares from the borrower would not own the shares.
What I think happens is the lender gets an IOU from the borrower, stating exactly how many shares are loaned out, together with a contract stating that the borrower will pay all dividends to the lender as if the lender still had the shares.
The shares have literally been loaned out from the lender to the borrower. If the borrower sells the loaned shares, whoever buys it from him in the market has clear title to those shares.
"lender still get the dividend because technically they still...
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Last
$4.18 |
Change
0.120(2.96%) |
Mkt cap ! $12.58B | |||
| Open | High | Low | Value | Volume |
| $4.13 | $4.20 | $4.11 | $86.61M | 20.81M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 1408666 | $4.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.19 | 165878 | 22 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$4.18 |
Change
0.120 ( 3.20 %) |
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| Open | High | Low | Volume | ||
| $4.12 | $4.20 | $4.12 | 4580071 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| PLS (ASX) Chart |