The ex-dividend date is usually set for stocks two business days before the record date. If you purchase a stock on its ex-dividend date or after, you will not receive the next dividend payment. Instead, the seller gets the dividend.
Entitlement date is the date for company share registrar to look for the list of shareholders in CDS to determine the eligible shareholders.
Due to the fact share is not immediate transferred into our CDS whenever we trade share, it only incur after 2 days later, hence ex-date is "created' so that investors/traders in the market can know the last day they need to buy/have the share, in order to appear in the company share registrar book.
Summary, Ex-date is the Cut off date for share trade. Entitlement date - company registrar look for shareholders list for eligibility.
thanks hunger for the info, this is superb for pmetal,,
Some 40% of China’s total capacity is potentially affected and analysts estimate that a 1.3 million mt of output will be lost. However, this figure could be larger since the new law will also impact the supply of raw materials such as alumina and carbon anode plants. Other industry analysts see a loss of 3 mmt of aluminum capacity.
but can someone clarify how is it going to affect allumina price and carbon anode plants... as more smelter closing down alumina and carbon anode will be in production excess thus the price shall fall. but on the other hand the alumina and carbon anode is usually follow the price of aluminium...if aluminium rise, carbon anode drop and depreciation of MYR then the margin can really improve to new limit and sky is the limit for pmetal... but can someone clarify on this....
anywhere continue to add on weakness is my aim.. haha...
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
FLMF
131 posts
Posted by FLMF > 2017-03-10 11:17 | Report Abuse
Nope, u should always refer to ex-date as the dividend cut off point.