May 24 2009, 12:53 PM
Generally this post is almost perfect, just need to amend a bit
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Ex-dividend date (better known as ex-date)
The date after the dividend is allocated (note the word "allocated" as the dividend is not actually paid to shareholders yet)
Shares bought and sold on this day onwards will no longer come with the dividend
The stock price usually decrease on the ex-dividend date by an amount roughly equal to the dividend paid
This reflects the decrease in the company's assets resulting from the declaration of the dividend.
Please bear in mind that you CAN sell the shares on the ex-date and STILL receive the dividend (selling on ex-date comes with the dividend).The date after the dividend is allocated (note the word "allocated" as the dividend is not actually paid to shareholders yet)
Shares bought and sold on this day onwards will no longer come with the dividend
The stock price usually decrease on the ex-dividend date by an amount roughly equal to the dividend paid
This reflects the decrease in the company's assets resulting from the declaration of the dividend.
In your diagram, I think you should state that interest received from FD of less than RM 100k is not taxable. Whatever over RM 100k is taxable at 5%.
Also, may I suggest that you explain about franked dividends and its tax rate (still valid until 2012) and single-tier dividends (every company has to abide it after 2012). For franked dividends, investors can STILL claim the additional tax from IRB until 2012 only.
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