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quote originally posted by Zion83:
Hi everyone, I just bought 5 lots of SPH shares today. The expiry date for dividend is 9th Dec and the the payment date is 23 Dec. Can I still get the full 18 cents per share dividend? Hope someone can enlighten me. Thanks!
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Yes, you are entitled ot the dividend. In Singapore, the settlement cycle is trade date + 3 days (used to be 7days, then down to 5 days, now 3 days) With regards to any entitlements (may it be Dividend, Bonus or Rights Issue etc), if you buy before Ex date, you will be entitled. If you buy after Ex date, then you are not entitled. The opposite is the same logic. If you sell before Ex date, you are not entitled. If you sell after Ex date, then you are entitled. In short, as long as your shares is in your CDP account by Record date, you are enittled. (Note: Stock Borrowing Lending will be entire different issue as there is contracts between both Lenders and Borrowers in term of who is entitled to the Corporate action events) Assuming you bought your SPH shares on 25 Nov 2009, it will be settled on 01 Dec 2009, well before the Record date of 11 Dec 2009. So you are definitely entitled to the 2 dividends announced. Company Name Type Expiry Date Record Date Date Paid/Payable Particulars SINGAPORE PRESS HLDGS LTD DIVIDEND 9 Dec 2009 11 Dec 2009 23 Dec 2009 SGD 0.09 ONE-TIER TAX SINGAPORE PRESS HLDGS LTD DIVIDEND 9 Dec 2009 11 Dec 2009 23 Dec 2009 SGD 0.09 ONE-TIER TAX
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