re: westpac div capture Q From the ASX website>>>>Each dividend...

re: westpac div capture Q From the ASX website
>>>>
Each dividend has a Record Date, ex dividend date and date payable. The Record Date is the date on which the company closes its register to determine which shareholders are registered to receive the dividend.

Shares are quoted 'ex dividend' on the fourth business day before the company's Record Date. To be entitled to a dividend a shareholder must have purchased shares before the ex dividend date. The share price may fall on the ex dividend date, with the fall in price being related to the amount of dividend being paid. Buyers after the ex dividend date will not receive the dividend because they will not be registered by the Record Date.

The dividend is paid on the date payable to those shareholders who were registered by the Record date.

<<<<

Someone should test this out. People keep asking here.

I think you can buy on day before ex date (the 5th for WBC), sell on the day it goes ex (the 6th for WBC) and let the registrar know your address by the record date (the 13th for WBC) and U will get the div. I don't think you have to hold until the record date to get it. Who s certain?

If not then imagine this. You buy on 5th. So you are going to get the div. You sell on the 6th, so buyer won't get it. If it does not go to U then where does it go? Does WBC just keep it? I don't think so but I'm not sure.

ridge is right about claiming the imputation credit I think, but I am pretty sure the ex date is 6 June.