Can someone confirm with me whether if I bought shares before an ex date for the dividend of the share, when can I sell it but still get the dividend?

Eg.

Bought share XYZ on 30 March 2011
Share XYZ giving dividend and the ex date is 20 April 2011
When is the earliest for me to sell the share but still get the dividend for the shares?

20th April.


This post has been edited by Icehart: Aug 31 2011, 12:06 AM

just look at ex as expiry..although i dunno what it actually stands for..it could be for expiry for all i know.. so before expiry or on expiry then entitled...

exdate = cut off point
means u have to own the share at that point, and last time to buy is at 4.59pm the previous trading day
so u can start selling on exdate itself as early as 9.01am

(assuming exdate time is set at 9am)

That's my understanding..pls correct if i am wrong

This post has been edited by ceo684: Sep 1 2011, 02:24 AM

i thought we should see the entitlement date? which is the last day to hold the share to entitle for the dividend...Execution date is just the date that deduct the share price to accumulate the dividend.

Yes. That might be true but I am not sure.

Any company when declares dividend;
1) Declaring date
2) Dividend entitlement date
3) payment date.

To determine u entitle dividend or not is (2) above.

Earliest date: 20th April.

it shoud entitlement date. for example look at tomypak. ex date: 7/09/11. ent date: 9/9/11, ent time 4pm.

to get the dividend you must hold the share untill 9/9/11 untill 4pm. this is my understanding. You need to buy at trading + 3 days. it mean buy before the ex date and keep untill entitlement date.

correct me if im wrong.

Nope, you are wrong.

You can sell on the Ex-date and still get the dividend.

The entitlement date is just a formality and where the book keeping takes place. Ex-date will be the actual date of determination which is why the price will be adjusted on the ex-date.


There are always 3 dates in an announcement.

The only dates you should keep in mind is the EX-Date and the Payment date. The entitlement/lodgement date is just a formality announcement and does not affect you as a shareholder.

entitlement is the date they put ur name into the list of shareholders

Let get clear on this:-

Ex date = entitlement date.

Seems confusing. Ok, let's see here

An example
Ex date is 20th August 2011.
Entitlement date is 22nd August 2011.

If you bought the shares on 19th August, and sell it on 20th August, you will still be eligible for the dividend.

You must be wondering, why Entitlement date is 22nd August. Remember, if keep the contract for over day, then the money need to be clear after 3 days, that is why entitlement on 22nd August.

19th (T+0) Latest day you can get to entitle for dividend. Keep it overnight, then your contract will be effective for dividend already, because there will be a statement sent to the registra.

20th (T+1) Ex-date, you can sell already. But need 3 days to clear $$$.

21st (T+2) 2nd day of Ex date. Meaningless

22nd (T+3) Entitlement for dividend for contract that kept overnight before or on 19th Aug to 20th Aug.

Nope.

Ex-date is the date you can start selling in the market and still get dividend.

Entitlement date or lodgement date or registrations date etc is the physical transfer of ownership of the shares where the previous owners name is strucked off and yours added. It matters little because it won't affect you as a shareholder expecting dividends. Although the names updated on the entitlement date will be used to decide who gets paid.

Why after explain so long you still cannot understand?

ok. i was wrong. damn... luckily i didn't loose any money so far....

I have confirmed with a staff from Hong Leong Broking. You can sell on the ex date and still get the dividend

Thanks for the replies.

Thank for enlighten!

There is FAQ topic on this issue. https://forum.lowyat.net/topic/1039913