PSX Dividend Capture Calculator
Is buying before the XD date worth it? Model the ex-date price drop, withholding tax and T+2 deadline to see if dividend capture actually profits.
Dividend Capture Setup
Must settle by T+2 before XD
% of dividend the price typically falls (often 70–100%)
Round-trip commission estimate
Capture Analysis
Gross Dividend
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Net After WHT
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Est. Price Drop
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Net P&L
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Yield on Cost
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T+2 Deadline
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The T+2 deadline is the LAST day you can buy and still settle in time to be on the register for the dividend. Miss it by one day and you get no dividend.
Frequently Asked Questions
What is dividend capture?
Buying a stock just before it goes ex-dividend to collect the payout, then selling. It only works if the post-XD price drop is smaller than your net dividend.
Why does the price drop on XD date?
The dividend leaves the company, so the share is worth less by roughly the payout amount. Markets typically price in 70–100% of the dividend as an opening drop.
What is the T+2 rule?
PSX settles trades in 2 working days. You must buy at least 2 working days before the XD date to be a shareholder of record.
Disclaimer: Simplified model for education as of October 2026. Actual ex-date price action depends on market conditions. Dividend WHT: 15% filers / 30% non-filers (Sec 150). Confirm XD calendars with PSX.