Forum Archive Index - May 2001

["mrgoodall" <mrgoodall@xtra.co.nz>]

Thanks Peter  for taking the time to explain  Mike g

----- Original Message -----

From: Peter Maiden

To: sharechat@sharechat.co.nz

Sent: Saturday, May 19, 2001 7:23 PM

Subject: Re: Re: [sharechat] dividend dates

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