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From: | "Peter Maiden" <pmaiden@xtra.co.nz> |
Date: | Sat, 19 May 2001 19:23:31 +1200 |
Mike - if I
understand your question right I take it you are wondering if you have to hold a
share for a certain amount of time to qualify for a
dividend.
The answer is
no
Dividends are
paid to those who are on the share registry at a certain date. For instance the
record date for CEN's next dividend is 18/5/2001. Everyone who holds CEN shares
on that date get the dividend that will paid on the 25/5/2001. This applies to
those who bought shares on the 18/5/2001 - even though the price on that day
generally reflects the dividend that will be paid.
No qualifying
period needed - dividend paid to who holds them on a certain
date.
Hope this
explains
Cheers
Peter
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