Questions of the Week – ex dividend shares and IOOF

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Question: If a share goes ex dividend on (say) 15 May and I put in a sell on that morning before the ASX opens would I still get dividend?

Answer (By Paul Rickard): If a company goes ex-dividend on 15 May, all trades on the ASX on that day will be processed as “ex-dividend”. Normally, the share price will adjust for the change in status. Take NAB as an example, which is paying a 99c dividend. If NAB shares closed at (say) $30.00 on 14 May, all things being equal and barring other market influences, you would expect NAB shares to trade around $29.00 on 15 May.

Question: Why is IOOF (IFL) being devastated? Is it a mirroring of AMP?

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