Dividend payout at the end of April

[Newbie3]

I purhcased 275 shares in the company on 18/04/2007. I read the company news which says that dividend of 14c/share will be paid out on 30/04/2007 for all those whose names appear on the share register on 26/04/2007. Surely, buying shares 1 week before dividend payout cannot entitle me to the full 14c per share. If anyone can explain to me how this works it will be appreciated.

[#2]

Yup. If you buy shares at 1 min before close on 26/04 then you get the full div.

[ABuzz]

Yes Newbie, the dividend is all yours. Very often the market factors it into the price, so whilst you get the dividend, you probably paid the equivalent or close to it more for your share in the bigger scheme of things

[Newbie3]

Newbie3: Amazing! Thanks for the info.

[DCTrader]

Not really Newbie... the share price tends to drop by a similar amount the day after LDR (last day to register). Short term, it rarely benefits you to buy and sell in order to get the dividends.

[SimonPB]

you need to hold them at teh close on the last day to trade (LDT) to get the div.