Share registra need 2 days to update the shareholder information, hence 2 days difference between ex date and date of lodgement/entitlement date.

See here for previous post on this.

Er.. from experience? I don't see prices dropping by exactly the dividend amount after the dividend is declared on most exchanges. Look at Target for instance, $0.52 dividend on Feb 13, but it didn't drop $0.52 on Feb 13.

You can find many other instances where the drop (if any) doesn't match the dividend. I'll try and find intra-day data and see if that's actually true.. it's academic though isn't it? by the end of the day the price would probably not be where it is at the start of the day.

This post has been edited by wodenus: Sep 25 2015, 06:15 PM

So you are saying.. they need 2 days difference between ex-date and date of lodgment, both dates inclusive?

+1

Already give answer, ask stupid questions some more.. really lazy to answer.

You dont like the rules, please write to Bursa Malaysia.

it doesn't matter.

the main fact is that you DO NOT get your dividends if you buy on ex-dates.

tq.

I didn't know BSKL had such a rule.. I don't know whether there's such a rule on the major exchanges, but it's academic anyway since the EOD price on dividend date does not match the dividend.

Dividend rules from Investopedia - applicable to US stock exchanges as well.

This post has been edited by gark: Sep 25 2015, 06:19 PM

Just back from 7-11 with popcorn n soda
Hope not too late to catch up the show

The price is adjusted on OPENING of the stock on ex-dividend.. not on EOD which is the CLOSING price!

This post has been edited by gark: Sep 25 2015, 06:21 PM

Hold on, I'm about to find out about a little known rule that enables BSKL to manipulate share prices.

Gimme some.. this wooden (kayu) guy is sure entertaining...

This post has been edited by gark: Sep 25 2015, 06:23 PM

So BSKL mandates that a stock should open at a set price on ex-date? what are the implications of that for your average investor?

On ex date, ref price will b adjusted accordingly

Nothing.. it is totally fair.

The opening reference price is same as closing price of previous day under normal circumstances.

Except when there is a dividend there will be adjustment on the opening reference price on ex-dividend.

This is to prevent manipulators to buy before ex and sell after ex to 'cheat' other investors of their dividend.

This post has been edited by gark: Sep 25 2015, 06:27 PM

looks like good show going on now.

grab popcorn n soda

So suppose I buy a counter which has a good chance of declaring a good solid dividend. I'm not the only one who knows that, so just before the dividend, I buy it and sure enough it goes up. Then I sell it before ex-date because I know it's going to drop. Then I will get my "dividend" before the dividend is declared if I am wrong and it does not go up, I know it will drop by the dividend amount, so I will sell at that price and get the dividend, thus I will break even excluding brokerage (which is really cheap btw.)

So worst case I break even, best case I make some money. Where's the catch in that?

Well you are welcome to try.

See how much money you make.

Psst.. look at IGBREIT before the dividend

Imma try that again, see if it works

Go ahead and good luck.. lmao.

We are not interested in these chicken feed profit scalping.

Be sure to post all you buy and sell..

This post has been edited by gark: Sep 25 2015, 06:59 PM