Forum Archive Index - August 2000

["Philip Robinson" <robph639@student.otago.ac.nz>]

Shares go Cum dividend when the dividend is about to be paid, and if you hold the share through this period , or buy the shares before or on the record day you get dividend. After this date the shares go ex-dividend, if you buy the share when it is ex dividend, you get no dividend. The day on which the shares go ex-dividend is the record date and the dividend is usually paid two weeks after this day to all those who held the shares on record day. [This records the shareholders who receive the dividend].

It usually has a small CD or XD in the paper beside the name if the share is ex-dividend or cum dividend.

 

Hope this helps

Phil

----- Original Message -----

From: Roy

To: sharechat@sharechat.co.nz

Sent: Tuesday, August 29, 2000 10:53 AM

Subject: Re: [sharechat] Dividends

Simple really. The date that dividends are  attributed is announced by the company.

If you own the shares on that date you get paid!
"I Trade therefore I am"
Zen Trader philosophy

Roy