Hi all, I am still here, in my progress of learning all the term here.

Something really confused me is the dividend payout process. There happened to be announcement date, Ex-date and payment date.

Let's take Gopeng as example:

Gopeng Bhd
Exdate: 27/01/2011
Amount: 35.0 sen
Par value: RM 0.50
Payment date: 16/02/2011
25 sen Tax Exempt and 10 sen Less 25% Income Tax

1. So, if i buy gopeng on 26/01/11, and sell it on 28/01/11, will I get the dividend?

2. And what does the '35cents' mean? I bought 1 lot at RM1.40, and I can get 25cents*1000(after tax)? How could this be?

I know this might sound noobie for some of you at my question... Thanks in advance

Best regards,
Hare

1. As long as you buy before ex-date, your are entitled for diveden i.e buy before 27/01/2011

2. The 35cent means that you will get 35 cents of divedend per share. If you have 1000 shares, you
will be paid RM350 before tax. After tax should be (0.25 X1000 + (0.10 x 0.75)X1000 = 325.

Thanks, means I can start to sell on 27th? or have to wait until the mgmt pull out the stockholder entitlement record after few days?

And I was just thinking, since they announced it publicly, the share will goes up high right away, and drop right away as well on/after the x date. Since it is so predictable, there should be a lot of ppl going to put money into it now, am I correct?

And how high will the price shoot and how much will it drop, can we know this?

Thanks,
Hare

Yes, follow ex-date.

On ex-date, share price will deduct out 35 cents.
It depends what is the expectation first.
If company is always doing it, every year 35 cents, then everyone already expected it, even rise way before the announcement.

Further Q&A can post via here.

https://forum.lowyat.net/topic/609001/+1840

Alternatively, there is FAQ topic explain the ex-date, logdement issue as well.
https://forum.lowyat.net/topic/1039913