Hi I own some Telstra (TLS) shares.
I wish to make another small purchase of another 1000 shares, the shares are usually paid dividends around April, I think they release the return amount in March.
If I was to buy them now would I still get paid the Dividends?
All shares have an "ex-dividend" date, ie. all shares traded/bought after that date do not include an entitlement to the relevant dividend.
Shares will always drop by an amount approximately equal to the amount of the dividend on the ex-divi date for that reason.
It appears Telstra's ex-divi date is 1 March 2017.
If you have $5000 or more of franking credits in an income year, you need to be aware of the holding period rule as well, to be entitled to the franking credit tax offset.
Holding period rule
The holding period rule requires shares to be held ‘at risk’ for a continuous period of at least 45 days (90 days for preference shares) during the qualification period.
…
The primary qualification period begins the day after the shares are acquired, and ends 45 days after the ex-dividend date.
See this for more details.
This is not directly relevant to your question, but something to bear in mind, if your purpose is to earn dividends as well as get the associated franking credits.
Thanks quite helpful, bit of a noob at share trading
You are welcome - we are all noobs at some point or another :-)
read this
http://www.stockwatch.com.au/articles/ex-dividend.aspx
When you purchase shares after the announcement of dividend has been declared up until the ex-dividend date, this is called cum-dividend. Cum dividend or "with dividend" means the shares you own are entitled to dividends but yet to be paid. When the shares are purchased after the ex-dividend date, then the shares are said to be ex dividend "without dividends".
and how to find out the ex div dates?
for bhp go to:
http://www.asx.com.au/asx/markets/dividends.do?by=asxCodes&a…