Yes
15th onward got already
If you don't want must sell by the 14th

thx for the info

PACMAS divvy looks interesthing RM1.69 per share.....
You think is it good time to buy in..anyone???

but the "to be registered by date" or "lodgement date" by 18th ...what does this mean?

Now buy also useless after ex-date sure drop

Yeah im also confused abt the same issue here...so if hold by ex-date which is 15th and sell by 15th itself do i still entitle for divvy?
Coz lodgement say 18th?? Any sifu pls help in detail...thx in advance..............

Sifu rosdi1's answer is correct. Do not be confused about the lodgement date, just concentrate on the ex-date.

Reason for the 2 dates is because of the registering of new shareholders takes up to 4 days, or T+3. This is to ensure the selling party's name is wiped and the buying party name is entered.


So for instance I hold the share on the 14th (assuming ex-date is 15th) and sold it to you on the same day in the market. My name will still be on the list until the 17th. But the last lodgement date will ensure my name will be wiped off because the records of me selling the share will appear on the 17th, so I can't get the dividends. But you as a buying party, your name will only start appearing on the 17th, so on the last lodgement date of the 18th, your name will appear as a new shareholder. This is to ensure we both do not get the dividends for the same share. And the deserving shareholder (which is you) get the dividend only. Only names appearing on the list of shareholders on the 18th will get the dividends, not earlier or later.

So don't worry about the lodgement date as it's a requirement or something to publish it. The lodgement date is always T+3 (not including weekends) of the ex-date.

There is always 3 dates in a dividend announcement;

Ex-date = If you hold the share on 9am (market open) of this date, you get the dividend, if you sell before this (before 5pm yesterday), you don't.
Lodgement date = Name changing of shareholders, not important for you to know.
Payment date = This is when the cheques and e-dividends be paid from the coffers to the distributing office.


Note: If you sold your share on the 15th, your name will still be on the list on the 18th, so means you will still get the dividends. But the new buyer will not get the dividends because his name will only appear on the 19th.

This post has been edited by skiddtrader: Mar 26 2011, 09:03 AM

oh..thanks all sifu

Thanks alot for the detailed information provided....now im clear of my doubts.

On Ex-Date.. Will direct get trapped for sometime..

Correct , must buy well before the announcement date.

Based on last year
TM on 09 April
MSNIAGA on 15 April

haha after Ex adjustments and people dumping will already trap you

I am not too sure what happened with PACMAS. I heard that PACMAS sold part of its insurance business (not sure what business is remain though).

But if the cash from sale proceed is used to pay dividend, it means that the money will not be use to reinvest (i.e. the P/E ratio should be lower in the future). On the ex-date, the share price will drop RM1.69. So my personal view on it is that not worth to buy PACMAS already at current price. Sell it if you hold any of the shares. It will get stuck on the ex-date onwards.

This post has been edited by 2010May: Mar 27 2011, 11:21 AM

PACMAS dividend got that high ??

See for yourself: http://bursa-dividend.blogspot.com/2011/03...nd-rm-1698.html

Cash Flow: The Key to Dividend Stocks

Dividend investing may look easy to some, but it’s much more difficult than just selecting stocks with the highest dividend yields.

Many novice investors focus all of their attention on stocks offering the highest yields. After all, the dividend income is why they are considering these stocks in the first place. So picking the stock that offers the highest dividend payment seems to make sense.

Unfortunately, many of these investors soon learn that there is more research needed than just evaluating a stock’s dividend yield.

Some investors will take the next step and evaluate the company’s ability to continuing paying their dividend. Unfortunately, most investors just look at earnings per share (EPS). If a stock earns $2 per share and pays out $1 per share, it would seem to have a safe dividend.

Of course the novice investor doesn’t understand the intricacies of GAAP accounting. A prudent investor digs beyond net earnings to look at a company’s cash flow. There are many methods for manipulating quarterly earnings, but it’s much more difficult to manipulate cash flows (at least legally).

The key to evaluating dividend stocks is cash flow! If there is only one factor that you use to evaluate dividend stocks, it should be their cash flow and specifically their free cash flow.

Free cash flow is actually very simple to calculate. On a company’s statement of cash flows, just subtract their cap ex spending from their operating cash flows. The result is the free cash flow that they can use for dividends, stock repurchases, acquisitions, etc.

can also try to look for DIGI, last year they paid dividen 4 times.

how to claim back the tax?

Thanks for the writeup.

You sold your Panamy? Panamy is a very good example of the above....

By submitting income tax return and declaring your dividend income.

Steps:

1. Regross your dividend income with the company tax rate on the year which the dividend is declared.
Example for the year 2010, Say you received RM 75 2 tier dividend income.

Year 2010= Tax rate for companies = 25 %
Dividend received = RM 75

Regrossing calculation formula = 100/(100 - current year tax rate) *Net dividend received

100/75*75 = RM 100

Include this RM 100 in your dividend income.

Then after you calculate your net income tax payable for the year, deduct the portion of the dividend that has been taxed. As such 100 *25, = RM 25 (this portion where the company has remitted it to the IRB via S 108 dividend franking system. Remember, you only received RM 75 when in actual fact RM 100 dividend is declared)

Claim it as Section 110 set off = RM 25.
Any income tax payable you will less this to bring down your tax payable.
If you do not have any tax payable, this RM 25 will be a refund to you.