xenith69,you can buy on the 4th of April and sell on the 5th of April and still get the Dividend,but if you want the Franking Credits you need to hold the shares for 45 days,not including the day you bought and the day you sold. The Record date is only for the Share Registry to see who held SIP Shares up to the 4th of April so they can be entitled to the Dividend. That's why the Record date and Ex Dividend date are about 5 days apart,it's to give people who bought SIP Shares on the 4th of April enough time to register their information with the Share Registry, like Tax File Numbers and Bank Accounts for the Dividend to be payed into.Hope it's helped you because a lot of people get confused about the two dates.
SIP Price at posting:
50.0¢ Sentiment: Hold Disclosure: Held
