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Yes you’re entering the dividend, last time I also same thinking like you . Example I brought Rm9,000 for 1,000 unit tomorrow is ex-date dividend is 0.320 so the price will change to Rm8,680 for 1,000 unit ..
How to sell it? Wait the price raised back to 9.100 to paying brokerage fee :)
I thought that we have hold the stock for a certain period to enjoy the dividend? so actually we can just buy the stock few day before exp date and still enjoy ?
I now understanding what Raymond was explained about, so after the dividend payout date, the price will drop to rm8680, this price will only reflected on ur own account? but the market price still rm9 per unit right? need to wait for 60 days to qualified the full dividend?
I think I understand now,
stock price is RM 10 on normal day
on ex-dividend date, it will drops to rm9 ,let say rm1 as dividend, to offset the paid amount
then those bought the stock on just before ex-dividend date will have to wait the stock rise back to rm10 to enjoy the earning
Last time I brought at Rm9 k and enjoyed the dividend but the price dropping till Rm 7.600 so I kept it lol .. but my sister buy at 7.8 sold at 10 which is better ?
yes u still entitled dividend if u sell at ex date. however, the opening price for maybank at ex date is (closing price on 4 june) - (0.32)=opening price.