I have decided to buy shares for dividend.
For example, BSL the Ex Dividend Date is 24/9/2007.
That means if I buy before 24/9/2007 I should get the dividend, right?
What happen if i buy the $10000 worth of shares on 23/9/2007 and sell it off on 23/9/2007 before closing of trading hours? Do I still get the dividend? Are there any requirements, like I have to stay until the end of trading hours to get dividend?
Is it as simple as this?
If i buy $10,000 BSL @ 10.48/share, that means I should be able to buy
951 * 0.26 (Dividend) = ~$247. That's the amount I should be able to get, right?