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Starhub
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kingster
Senior |
21-Apr-2009 16:32
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ok the truth will prevail on 7th may... but according to ur post, i sold ON the day of XD which is 20th april... so i am entitled ah... if you sell a stock before the ex-dividend date, you will not receive the dividend, but if you sell on or after the ex-dividend date, you will. | ||||
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jackjames
Elite |
21-Apr-2009 16:29
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brother, please attend Basic Stock 101. I will not explain further. You will learn more by May 7. One day after my birthday ~~~ :) Why do Ex-Dividend Dates Matter?
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jackjames
Elite |
21-Apr-2009 16:26
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you don't have to assume I am right, because that is how the dividend system work.. you are very right, sometimes, don't fool by the fat dividend, the XD date, some BB sells down merciless, why? I don't know either.. but definitely not small fish like you and me selling.. so, you will be disappointed on May 7... you should sell one day before the XD.. which is $2.05... because you sell at low during XD, but no dividends... but okay la... 2% only... ikan billis la..
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kingster
Senior |
21-Apr-2009 16:25
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oh ya one more thing, if u are right, so those pple who bought on XD date shd have the div since i am not entitled as u said(someone has to be entitled to the div of the shares i sold rite?)... unless the shares traded on XD date no need to give div??? hahahahaha! wah then those who bought at 1.92 earn big bucks loh! rite????????? hahahahahaha! so illogical... | ||||
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kingster
Senior |
21-Apr-2009 16:22
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ok will update u guys on may 7! haha! but assuming u are right, then why does pple sell their stocks on XD date since they wont get the div? and some more sell down so fiercely on XD dates one... |
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jackjames
Elite |
21-Apr-2009 16:11
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brother, the payment date is on May 7... how do you know you have dividend? wait until you see your bank account on May 7, and you tell us, then, I will go and ask SGX why, ha hah h aa..
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kingster
Senior |
21-Apr-2009 15:58
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haha u all make me so blur... i sell on XD date still got div lah... money come money come! :) | ||||
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jackjames
Elite |
21-Apr-2009 15:33
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no problem, we should know this by our heart... so, when you see CD in stocks screen, usually, stock will correct their price at XD, and worst sometimes, after the book close. take ST engineering stock as an example, I am waiting and waiting and waiting to get a cheaper price, but the price stay so strong at $2.50 due to the high 5% dividend...... dividend on April 28 ex date is $128. Assume, next Monday ST engineering still $2.50 , Tuesday, you will see the price will be corrected to $2.50 - $0.128 = $ 2.37 roughly .. my experience tell me , (at this market trend), it will correct more than the dividend payout, starthub is just one example... but again, it will bounce back quickly, look at M1.
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oinkoink1999
Senior |
21-Apr-2009 14:59
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HI jackjames, just saw your reply after I posted my queries. Thanks so much~! Cheers, oinkoink |
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oinkoink1999
Senior |
21-Apr-2009 14:57
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Hi jackjames,
does it mean that I can only sell after the rec date which is 22 Apr? BTW what does buy-in last cum date 23 apr means?
STARHUB LTD
DIVIDEND : SGD 0.045 FINAL ONE-TIER TAX
23 MAR 2009
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Ex-date: 20 Apr 2009
Buy-In Last Cum Date: 23 Apr 2009
Record Date: 22 Apr 2009
Date Paid/Payable: May 07 2009
cheers,
oinkoink
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jackjames
Elite |
21-Apr-2009 14:45
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folks, you have to be clear with this dividend date, this is the basic.. let me extract from the formal definition from the web: I underline the most important thing you should and must know... What are Ex-Dividend Dates?The ex-dividend date is the day on which all shares bought and sold no longer come attached with the right to be paid the most recently declared dividend. This is an important date for any company that has many stockholders, including those that trade on exchanges, as it makes reconciliation of who is to be paid the dividend easier. More » Why do Ex-Dividend Dates Matter?A dividend-paying stock's ex-dividend date is very important to investors. In a nutshell, if you buy a dividend stock before the ex-dividend date, then you will receive the next upcoming dividend payment. If you purchase the stock on or after the ex-dividend date, you will not receive the dividend. The converse of this rule also holds true -- if you sell a stock before the ex-dividend date, you will not receive the dividend, but if you sell on or after the ex-dividend date, you will. |
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jackjames
Elite |
21-Apr-2009 14:37
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NO, you are not !
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TuaPekGong9413
Elite |
21-Apr-2009 14:35
Yells: "deity" |
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so if i buy today am i still entitled for the div? | ||||
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jackjames
Elite |
21-Apr-2009 14:31
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Ex date April 20, Book close on April 22, if you offloaded on XD April 20, sorry, bro kingter, you are not entitled to the dividend la.. you will not earn a lot through this stock... anyway, I am vested too @ $1.92..
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kingster
Senior |
21-Apr-2009 13:43
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ya same here... i offloaded on XD at 1.99 then buy back at 1.92... with div already in, i already earn alot for such a defensive stock... so gonna wait for the next div coming in may :) | ||||
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E-war
Veteran |
21-Apr-2009 12:13
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Yeah, I've bought this stock 3 times below 1.95 and let at 2.01, 2.08, 2.04. Made some money and divs too. This is just gg to be the 4th time. No doubt at all. | ||||
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iPunter
Supreme |
21-Apr-2009 10:12
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Yup... don't be a small boat being tossed about and smacked every other day by the market waves... Just set your cut-loss point and ride it up... But this tip doesn't apply to the pennies... For pennies, one should only have bought at a low, low floor price And not after it has risen!... |
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E-war
Veteran |
21-Apr-2009 10:05
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Nah, dun worry too much for this defensive stock. It's extremely resilient. Just on dividends has given me quite a lot already. Almost 10%. Yesterday bought in again. In this uncertain times, this is a safe buy. Haha... | ||||
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TuaPekGong9413
Elite |
20-Apr-2009 16:34
Yells: "deity" |
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starhub lao sai liao.... | ||||
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kingster
Senior |
03-Apr-2009 17:21
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starhub won! prepare for the cheong! | ||||
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