offer-date 是股息宣布日，没更多意义， ex-date 是除权日, 到了这一天就不再含权了
当然就没股息可拿了，
close-date 是登记日，公司将在这一天结束时登记所有在册的股东名单，以便按名单发放股息。因为实行的是 T+3 制度，所以3月9日当天及以前买入的都已交割完毕，在3月12日都可登记入册，有资格领取股息。
请参阅下面文章，注意其中提到的另一个重要日期：payable date.
Dazzled by dividend dates?
Dazzled by dividend dates?
"If you've ever been confused by the array of dividend dates, you're certainly not the only one. Here's how they all fit together...."
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If you've ever been confused by the array of dividend dates, you're certainly not the only one. Here's how they all fit together.
Ex date, record date, books closing date, payable date: dividends seem to have almost as many dates as you’d find at Sydney’s Slip Inn on a Friday night.
Luckily for us, there are only two dates that really count for investors: the ex date and the payable date (or payment date as it’s sometimes known). If these were the only dividend dates you knew about, you could still live a happy and prosperous life.
From a company’s point of view, the only dates that really matter are the books closing date (also known as the record date) and the payable date. But we’re getting ahead of ourselves.
T+3—The Settlement Day
When a company declares a dividend, in addition to the amount per share, it also declares a books closing date (which, as we’ve noted, can also be called the record date). This means that all shareholders who are on the company’s share register at that date will receive the dividend.
But in order to be on the share register at that date, investors need to have bought the shares at least three business days earlier. It’s all to do with T+3 settlement. Now, that’s not a reference to an Arnold Schwarzenegger film or a controversial telecoms privatisation; it’s simply the procedure for settling trades on the ASX. When investors buy shares through their broker, the moment the trade is executed the investor becomes the economic owner of the stock, and bears the gains or losses from movements in its price.
But the actual day the trade is settled—when money is exchanged and the stock is transferred from seller to buyer—doesn’t occur until three business days after the trade is executed.
This gives the people whose job it is to execute settlement a chance to iron out any problems or disputes before settlement day. So, in order to hold the stock on the books closing date, and therefore receive the dividend, you need to have bought it three business days earlier.
Fortunately, instead of making investors do their own calculations and risk stuffing it up, especially around public holidays, the ASX does it all for us. After a company declares the books closing date, the ASX informs the market of the date investors need to have purchased by in order to be on the register at the books closing date.
Date with the ex
That ASX-stipulated date is known as the ex date. If you buy a stock before the ex date, you’re entitled to the dividend. If you buy it on or after the ex date, then you will not receive the current dividend. And that’s why it’s important for investors to understand this particular date.
On the ex date, all things being equal, the shares should fall in price by the value of the dividend. So it’s important not to panic because the stock has fallen a few per cent overnight. You’ll be compensated by your dividend payment in a few weeks’ time.
Of course, all things rarely are exactly equal, so a share will typically fall a little more or a little less than the dividend, depending on all the other factors that affect it on a day to day basis. The table below shows what happened for Woolworths’ recent interim dividend. As it turned out, the stock fell by 2 cents less than the 28 cent dividend on its ex date, which was therefore roughly equivalent to a 2 cent (or 0.1%) rise. But this was alongside a market that rose nearly 1% thanks to several major merger announcements.
The payable date is the date on which the company posts out the dividend cheques to those entitled to them. Or, for those using direct credit, the day the funds will be transferred to you. Investors who participate in a dividend reinvestment plan (DRP) will receive shares in lieu of cash around this date. (To find out more about DRPs, take a look at the Investor’s College of issue 129/Jun 03.)
Dividend stripping
With all this confusion, you won’t be surprised to hear that there’s a strategy that aims to exploit it. It’s known as ‘dividend stripping’ and it involves buying a share shortly before its ex date, collecting its dividend and associated franking credits, and then selling it soon after.
As long as the stock falls by less than the amount of the dividend, it’s easy profits. Unfortunately, though, the sharemarket isn’t in the habit of providing investors with a free lunch. As we mentioned earlier, when a share goes ex, all things being equal it will fall by the amount of its dividend.
To make matters worse, the Tax Office may not let you have your franking credits if you don’t hold your shares for long enough. Under what’s known as the ‘45-day rule’, if your total franking credits for a year exceed $5,000, you won’t get any credits in respect of any shares that you don’t hold for either 45 days before the relevant ex date or 45 days after it (apparently 44 days before and 44 days after won’t do—no-one ever said the tax system made any sense).
Dividend stripping simply won’t work consistently enough these days to be profitable—if it ever did. In addition to paying extra tax, you’ll just end up making your broker rich with all that buying and selling.
For more on the wonderful world of dividends, take a look at our associated website, www.incomeinvestor.com.au. Here you’ll find dividend dates for virtually all stocks quoted on the ASX, and you can even set up a portfolio of stocks so you can track your forthcoming dividend payments and think of ways to spend the money.
葛婕言
ex date前一天买入才能拿到股息
所以只有09-03-10的能拿到