difference between x dividend date and record date

[snapiti]

I am just starting to build a dividend yield portfolio, yes this means I am getting older.
I need a little help understanding record date versus x dividend date.
I understand that x dividend date is the date the shares trade without the latest dividend attached.
The dividend is paid to the registered shareholder of that stock prior to it trading x dividend.
However to have that stock registered in your name may mean you need to purchase the share some days prior to x dividend date to insure settlement and stock is registered in your name.....is this correct?
I know some companies announce a record date and x dividend date and some dont. 
I assume if you are not diligent you can be caught out by buying the day before x dividend date but the shares not settling into your name that day

[Basil]

However to have that stock registered in your name may mean you need to purchase the share some days prior to x dividend date to insure settlement and stock is registered in your name.....is this correct?

Snapper me ol mate, these days with T+2 settlement there are no drama's.  If you buy cum dividend the shares will be in your name in time to receive the divvy, there's no worries about that.  It was possible years ago to get tripped up, not these days.  My rule of thumb, minimum 8% yield for an equity risk and 7% for a good quality corporate bond.  You can see from my prolific posting on here what I think are good income investments for us older dog's to ensure our food bowls are regularly replenesed.  Welcome to the dividend hounds club!

[snapiti]

thanks Beagle......I take it you refer to 8% gross divi when looking at equities.
MY first purchase for yield was KPG this week.
8% gross is my target

[Basil]

Yeah that's correct mate 8% gross as a minimum.  8% net would be absolutely wonderful lol
That said, KFL have achieved exactly that, (8% PIE net) over many years plus capital gain as well.
I am sure it will be no surprise to a fellow dividend hound I have some KFL.

Honestly mate, I find the whole 8% gross thing a really useful and liberating investment filter.  Cuts out a lot of almost endless nonsense, ESG and sustainability garbage so many companies are raving on about and all their false and broken promises of growth.  Cuts right to the heart of the matter of why we invest.
To be a true dividend hound you must simply laser focus on how much dog food they will put in your food bowl and is the rate of feeding sustainable going forward or better still, will the feeds steadily get bigger, commensurate with one's expanding waistline in retirement 

[snapiti]

yes Mr Beagle I tend to agree, a decent dividend paying sound company does take all the smoke and mirrors out of investing.
The way KFL and BRM (kingfisher funds Aussie investment vehicle) pay out 1/4ly 2% of NAV is intriguing(they offer a juicy 3% discount on DRIP as well).
Have to admit I have always thought the paying out of NAV was somewhat cannabalistic and counter intuitive to how it should be done however this could work as part of a divi portfolio.
Both funds have taken a hiding in the last 12 months

[KW]

Snapper me ol mate, these days with T+2 settlement there are no drama's.  If you buy cum dividend the shares will be in your name in time to receive the divvy, there's no worries about that.  It was possible years ago to get tripped up, not these days.  My rule of thumb, minimum 8% yield for an equity risk and 7% for a good quality corporate bond.  You can see from my prolific posting on here what I think are good income investments for us older dog's to ensure our food bowls are regularly replenesed.  Welcome to the dividend hounds club!

If you are buying on market then the ex div and record dates will be aligned with T+2 trading.  Where the rule really comes into play is for off market transfers, you will need to have registered any private transfer of shares before the Record date.  

[snapiti]

I was just doing some due diligence on the kingfisher listed funds, KFL, BRM, MLN.......those that were stupid enough to pay a 20% premium to NAV mid 2021 have taken a big loss.
In the past these funds have often traded below NAV for very long periods of time

[Basil]

Yeap, it pays to exit if the market prices them at a silly premium and only buy at NTA or better still, slightly below.  You are right in the past at certain points in time they have traded at decent discounts to NTA for an extended period.  I'm not so keen on their Marlin strategy which hasn't worked well at all in recent times.  I hold quite a lot of BRM and KFL and believe the investment managers there are doing a good job.  I subscribe to the DRP, which at 3% is one of the biggest discounts offered in terms of these sort of schemes.  Whether they trade at a discount or premium to NTA in the future and for how long and to what extent is something that's impossible to predict but you can work that to your advantage.
Their warrants are also a lot of fun for those who know how to price them accurately in an ever changing market.  Barramundi and Kingfish warrants have been a very happy hunting ground over the years for this dog.

[snapiti]

looking at the 10 year charts of the nzx 50, ASX 200, SP 500.....then comparing them by looking at the 10 year chart of KFL, BRM, MLN, all of which are trading at the same levels they were 10 years ago(which aint so bad given the net yearly divi yield)KFL has underperformed the NZX50 by a very wide margin.