Dividends reinvestment issue has now been fixed!
(Just a general note, sometimes S&P dont update the dividend until a day or two after the ex-date)
Hi @Rapstar
With the BETASHARES CRUDE OIL INDEX ETF (ASX:OOO), the last distribution went ex-entitlement on the 1st of June:
You first purchased on that date, which means you weren't entitled to that payment:
DM me if i've missed something.
Hi Strawman,
I am holding ORA, ARF and CQE and these companies went ex-dividend on 19/6/2020 and 29/6/2020.
Hi Strawman,
In the old system, when a company paid a dividend it reduced the "buy" price. I have some questions about the new system that I couldn't find anywhere.
-What happens under the newer system. Does it go straight into "cash"?
-And when does this happen? On ex date or pay date?
-In the interim does it get treated as pending cash (does this feature exist?).
-Also is the dividend counted in the individual stock's return calculation? If not, some stocks will look like they don't perform as well based on pricing, but add in the divs and the story changes.
-then there is the old question of franking. I know some of the arguments that it depends on an individual's tax position. I think this is wrong for return calculations. On any Australian tax return, franking credits must be included as part of annual income and in that sense is no different to other forms on income from a stock such as capital gains, unfranked divs etc. The difference only lies when the final total tax payable calc is made and the franking credits offset the tax (as I am sure you know!). We are not looking at after-tax returns here, so I think the franking credits should be treated as part of the performance for any stock.
I appreciate most of the stocks in the Strawman Index don't pay divs, but I am chasing longer to term yields to boost performance.
Thanks