dividend advice qualification

seller selling on ex divi date will get the divi but the share price will be ex divi

you can't have the divi and a higher share price

likewise the buyer on ex divi date will receive the shares at a cheaper price than the day prior ex divi date as the buyer will not be entitled to receive the divi as on ex divi date the share price will be approximate less the divi amount sometimes even more than the divi AMOUNT IN SOME CASES

eg. telstra currently trading today appox $4.32
buy today @4.32 and get the 20c divi

come monday 26/9 (the ex divi date)and the share price should be 4.32 less at least 20c

bargain hunters might pick a stock up below more than the divi amount

45 day rule only applies if the total franking credits exceeds $5,000.00

hope this clears up the ex divi and franking issues once and for all

when in doubt always seek advice and please read the asic notice below

thanks
aramalap2