what is the difference between record and ex-divid, page-2

  1. 3,694 Posts.
    HumbleOne,

    This is from the horse's mouth (ASX site):

    "Each dividend has a Record Date, ex dividend date and date payable. The Record Date is the date on which the company closes its register to determine which shareholders are registered to receive the dividend.

    Shares are quoted 'ex dividend' on the fourth business day before the company's Record Date. To be entitled to a dividend a shareholder must have purchased shares before the ex dividend date. The share price may fall on the ex dividend date, with the fall in price being related to the amount of dividend being paid. Buyers after the ex dividend date will not receive the dividend because they will not be registered by the Record Date.

    The dividend is paid on the date payable to those shareholders who were registered by the Record date."



 
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