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In stock trading, if you hold the stocks on the registration day and sell them on the ex-dividend day, you are eligible for the current dividend. Dividend distribution refers to the company using post-tax profits to make up for previous year's losses, withdraw statutory reserves and discretionary reserves, and distribute the remaining profits in cash or stock to shareholders. So, can you sell the stocks on the ex-dividend day and still receive the dividend or rights offering? Let's explore the key points below:

1. Holding Period for Ex-Dividend and Rights Offering

When a listed company announces a stock dividend or rights offering, the stocks are referred to as "cum-rights" or "cum-dividend" until the bonus shares have been distributed and the rights offering has been completed. To process the ex-dividend procedure, the company must first report to the relevant authorities.

This means that only shareholders who hold the stocks before the ex-dividend day are entitled to share the dividends and rights offering. If you sell the stocks after the ex-dividend day, the dividend rights will belong to the buyer rather than the seller.

2. Selling Stocks on the Registration Day

If you sell the stocks before the market closes on the registration day, you will not receive the bonus shares. The next trading day after the registration day is the ex-dividend or ex-rights day, and shareholders who purchase the stocks from this day onwards will no longer be entitled to the company's current dividend and rights offering.

3. Impact on Dividend and Stock Arrival

When a stock goes ex-dividend, its price generally decreases. Dividend distribution is the conversion of a company's surplus into capital through stock dividends or rights offerings, which requires adjusting the stock price. Selling the stocks on the ex-dividend day will not affect the later arrival of the stocks or dividends.

4. Process for Dividend and Rights Offering

According to the relevant regulations, investors who own the company's stocks before the market closes on the registration day can participate in the rights offering. Even if they sell the stocks on the second trading day, it will not affect their entitlement to the rights offering.

It is important to note that the company will complete the distribution of dividends and convertible bonds after the registration of rights is completed. Selling the stocks on the ex-dividend day will not prevent the investor from receiving the dividends.

In summary, selling stocks on the ex-dividend day will not affect the entitlement to dividends or rights offering. However, it is crucial to hold the stocks before the ex-dividend day to be eligible for these benefits. Investors should carefully consider the ex-dividend date when making selling decisions to maximize their returns.