Forum Archive Index - March 2003

["tennyson@caverock.net.nz" <tennyson@caverock.net.nz>]

In my experience, within New Zealand, if I buy a share before the 
dividend record date I get the dividend.    True , if I buy a share within 
a day or so of the ex-dividend date sometimes my broker does not 
register the share in time for me to get the dividend.  This means  I 
have to apply through my broker to get the dividend off the wrongful 
owner.   Perhaps it is a bit messy, but it always appears seamless to 
me since the broker does any chasing up for me.

However, in Australia it seems that shares at my aussie internet broker 
('e-trade') are trading ex-dividend several days before any company 
announced ex-dividend date.  Is this an Australia wide phenomena or 
something peculiar to 'e-trade'?  I tried e-mailing 'e-trade' several days 
ago with this question, but haven't been able to get any sense out of 
them.  

How long before the ex-dividend date do I have to buy an Australian 
share to get the dividend?

SNOOPY






SNOOPY

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