CFD Ex-Dividend Date Question

Cakeman said:

Hi, i am wondering if i hold a long CFD position on a particular stock before it goes ex divy (lets say it foes ex divy on the 10th of Feb). Am i able to close my position on the ex divvy date (10th of feb) and still receive the full dividend or do i have to wait until the next day to close out?

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Richard Dale said:

Whilst they are not actual dividends from the company directly to you, your CFD account will be credited with an amount of money proportional to the dividend. Some CFD providers have different rules regarding franking credits etc. so make sure you read the Product Disclosure Statement carefully regarding _all_ corporate actions.

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