Wednesday 23rd January 2002
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A: When a company announces a dividend its shares are traded as cum-dividend as soon as trading resumes in the company's securities. In NZ, if a company makes a price sensitive announcement such as a full-year report, half-year report or special dividend, the shares are placed in a 15 minute trading halt. When the shares resume trading, they will be traded as cum dividend until the ex-dividend date.
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