Unless I have completely missed the info, HNZ did not publish the record date or the payment date. And yes I checked their Key Dates page, which shows only last year's annual meeting.
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Would it be the date listed on NZX? the 3rd of October? See Link: https://www.nzx.com/markets/NZSX/sec.../HNZ/dividends
The Heartland announcement on 25th August;Heartland Full year profit of $36mil on NZX site ,stated
Record date 19th Setember,dividend payment 3rd October.
I did not know the ex date,however Roger did post it.
Guys, just a reminder that whenever you see the record date mentioned in a company announcement, track back 3 working days and because all trades are executed on the NZX on a T + 3 basis the last date you can buy a share cum dividend is always 3 working days before the record date and it follows that two working days before the record date is the ex divvy day.
Rule of thumb: (I haven't actually checked, but then I haven't won a Pullitzer for investigative journalism)
Record dates are usually Fridays
Shares are Cum Dividend until the end of trading on the date which is 3 days prior to the Record date. So shares begin trading Ex Divi from opening 2 days before the Record Date
HNZ was CD yesterday, EX today
and wot roger said too!
If you use Direct/ANZ securities all the required info is on their Diary page.
Click on NZ/AU Markets under trading menu and select NZXDiary adjustment from sub menu.
Trading
NZ/AU Markets
I hate the way the ANZ/DB site adjusts the SP down by the amount of the dividend when the share goes XD. I assume that this is what is happening anyway. Anyone have any idea of the rational for this ? Do the other sites (ASB ? ) do this as well ? Doesn't make much sense to do this to me.
I was wondering what the rationale was ? And if other sites did the same ? It seems that ASB does not...thanks.
All the trades yesterday were cd therefore were correct. Every morning the prior day trades (in all stocks whether dividend involved or not) are removed as they are now history. New day begins.
First trade gives new share price and that is compared with the previous days closing price and the difference , up or down, is indicated. ASB obviously don't adjust for the dividend and ANZ do. As long as you know is all that matters. Personally I think ANZ's way reflects the true situation.
I see what you mean now. I was going off the current price ( currently $1 up 1.5c) and was using that as the opening which would be correct. However it doesn't match the open box in the summary statistics
The first trade of the day was 99c. The theoretical price was 98.5 (102-3.5) therefore up by .5c. Latest trade is 100 therefore up 1.5c.
Not sure what you refer to when saying summary statistics.
777 thanks for the tip on the diary on ANZ/DB site.
And I fully agree with you on them showing the +/- based on previous price less div. That is the correct way. Sometime I forgot to check whether it is CD or XD and was wondering why ANZ/DB show + when the SP clearly drop and then realised it is XD.
But your post on all previous bids removed each morning is not right. They are only removed when a share goes from CD to XD. I often leave a buy or sell order for days and sometimes it gets fill a few days later.
Cool Bear I was referring to trades being deleted as alluded to by Okebw (post 3241) not the bids. He may of course have meant to say bids.