$OCBC Bank (O39.SG)$ To get the dividend, is it that we must...
$OCBC Bank(O39.SG$ To get the dividend, is it that we must hold the shares past RECORD DATE? Tks!
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
blur_guy : XD date can sell
VaderMoomoo : I recall ex date on 8 may. u need to hold shares on 7 may. shares buy on 8 and after 9 may not eligible. that's my understanding
the shares holding on 7 may I'm not sure if its by 2359 on the day or by trading hours of sg timing.
Anyone can advise and validate this?
------------------------------------
Extracted from poems
Typically, the record date is two business days preceding the ex-dividend date. The next dividend payment will not be given to shareholders who buy shares after or on the ex-dividend date.
For example, assume Company XYZ declares a $0.50 per share dividend on October 1. The ex-dividend date is set for October 15. An investor who buys shares of company XYZ on October 16 will not receive the dividend, while an investor who buys shares on October 14 will receive the dividend.
Why is an ex-dividend date important to dividend investors? Well, this is because the date determines who is entitled to receive the next dividend payment. Investors who buy the shares before the ex-dividend date are entitled to the next dividend payment.
104501806OP : The record date I see is after ex dividend. What I understand is to lock in dividend , u must buy b4 ex-dividend date but RECORD date is after ex-dividend. poems using preceding seems wrong leh. That's why I m confused if we sell on ex-dividend, dividend won't be given. Seems to me u need to be logically recorded first, can sell only after record date? Can anyone enlightenment me? Tks
104501806OP : blur_guy is correct. Tks.! Understand now ex-dividend is set by exchange for dividend cutoff, record date is by company.. not impt in terms of buy, sell.
Phoon1981 : Eh, after exdate, price drop corrected by minus out the dividend to share price. Do you know about that before come to do dividend play?
104501806OP Phoon1981: Yes. I m aware. Tks for the heads up.
104501806OP blur_guy: Tx.
Maniac Fool : 8 May (ex-dividend date) and onward u can sell and still get the dividends