I own a share that goes ex dividend on the 21st of this month. I notice that there are a lot of people who chase dividends. A quick in and out to get the dividend and then sell.
I noticed a lot of activity about 11 days before this share went ex dividend hence my question.
If I purchase this share on a T10 basis. I don't actually pay for the share for 10 days. Do you actually become the registered owner of the share when you make the purchase or do you only own the share when you pay for it 10 days later?
I wondered if people were purchasing the share about 11 days out on a T10 basis say in this case on the 10th of the month for payment on the 20th of the month. Then being eligible for the dividend.
Also selling the share on a T10 basis, in this case, selling them on the 13th of the month, for settlement on the 23rd of the month.
I noticed a lot of activity about 11 days before this share went ex dividend hence my question.
If I purchase this share on a T10 basis. I don't actually pay for the share for 10 days. Do you actually become the registered owner of the share when you make the purchase or do you only own the share when you pay for it 10 days later?
I wondered if people were purchasing the share about 11 days out on a T10 basis say in this case on the 10th of the month for payment on the 20th of the month. Then being eligible for the dividend.
Also selling the share on a T10 basis, in this case, selling them on the 13th of the month, for settlement on the 23rd of the month.