On the cum dividend day, theoretical

share price should decrease by the amount of the next dividend to reflect that

buyers will receive it

On the announcement date of the next dividend payment,

the theoretical share price decreases by the amount of the announced dividend

To consider dividend received for personal

taxation purpose, one should begin by grossing up the franked dividend received

by the franking credit and then deduct the total from the assessable income

In Australia, a capital

gain realized from the sale of shares held for less than 12 months is taxed in

full