QUOTE(aretla @ Apr 30 2008, 10:55 AM)
there are "ex-date" and "entitlement date" in each dividend annoucement..
and normally both date are different..
i tot u need to buy the stock before ex-date, hold it until entitlement date, then only entitled for the dividend??
if not, then what is the "entitlement date" for?
You need to understand how share transfer work.
Entitlement date is the actual date for company registrar to identify the shareholders that they will give the dividend, not ex-date.
You bought a share let say today, but the share is not transffered to your CDS account today, it will happen after 2 days (or 3 days, couldn't remember, but looking the differentiate between ex-date and entitlement date will know). So entitlement date is always lag 2 days behind the ex-date.
So ex-date is the date set in KLSE trading system so that people can buy/sell so that share transfer will be able to complete according/before to the entitlement date.
But to avoid the confusion and misunderstand for general public, stick the the ex-date as you only can buy and sell the share through KLSE, not other place else.
This post has been edited by cherroy: Apr 30 2008, 11:12 AM