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International Investing / Australia (All-Ordinaries)


Subject:  Re: 45 day rule? Date:  4/25/2001  5:00 PM
Author:  wayjo Number:  2256 of 6186

If you wish to receive the dividend you need to buy it before the date books close for the dividend. As a general rule this is about 5 days before the ex-dividend date, but it does vary between companies - just check the books close date.

Certainly don't need to buy 45 days prior to ex-dividend date to qualify.

Not 100% on the other question except my understanding is the 45 day rule is a taxation ruling and you must hold the shares for 45 days to qualify for dividend imputation from tax office for tax return purposes.
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