I think all fixed price ASx has similar calculation for dividend. Got this from
http://invest-made-easy.blogspot.com/2013/...era-asb_28.htmlASB Dividend
Key Points About ASB Dividend:
ASB Dividend and ASB Bonus are calculated differently and separately from one another.
Dividend is calculated on a monthly basis over the duration of the year dividend is declared. We term the monthly dividend calculation as Monthly Dividend Amount.
Total Dividend Paid for the year is the Sum of calculated Monthly Dividend Amount from Jan till Dec.
To calculate the Monthly Dividend Amount for each month, the Lowest Account Balance for each month is used.
Lowest Account Balance for a month is defined as the lowest value of your ASB account for that particular month. Let's see Example 1 to 3 below:
Lowest Account Balance (Example 1):
On 1st Jan 2013, your account balance in ASB is RM5000
You withdraw RM1000 on the 3rd of Jan 2013
You then Redeposit RM2000 into your ASB on the 10th of Jan 2013.
What is your Lowest Account Balance for Jan 2013?
Answer is RM4000.00
Lowest Account Balance (Example 2):
On 1st Jan 2013, your account balance in ASB is RM5000
You deposit RM1000 on the 3rd of Jan 2013
You then withdraw RM2000 from your ASB on the 10th of Jan 2013.
What is your Lowest Account Balance for Jan 2013?
Answer is RM4000.00
Lowest Account Balance (Example 3):
On 1st Jan 2013, your account balance in ASB is RM5000
You deposit RM1000 on the 3rd of Jan 2013
You then withdraw RM500 from your ASB on the 10th of Jan 2013.
What is your Lowest Account Balance for Jan 2013?
Answer is RM5000.00
Formula for ASB Dividend Calculation:
Monthly Dividend Amount calculation= 1/12 x Dividend % x lowest-account-balance
By obtaining the Monthly Dividend Amount from Jan till Dec,
Total Dividend Paid = sum of Monthly Dividend Amount from Jan till Dec
So I get 9999 cash and [6.6%*1/12] cash in return? Assuming I don't wait 1/4 for dividend payment.