Monday, August 15, 2011

Some ASX dividends dates

Markets are starting the week in the green, after last week's rallies, we proceed cautiously in adding to our long positions, starting with some upcoming dividend plays.

Sourced from www.dividendtrader.com.au

I like the following dividend plays

JBH, 17/8/11 (ex-div) , 2.6%
TAH, 19/8/11 (ex-div), 7.72%
MGX, 22/8/11 (ex-div), 3.56%

The strategy would be to, buy in catching a intra-day low bid, then try to ride the 2-5% range that is likely, or to hold to ex-div date, and hold it til price goes post-div. Simple strategy, but likely to work in a flat, to recovering price environment.