A: Are you talking about interest payments on capital notes (hybrids), or dividends on ordinary shares?

If the latter – CBA goes ex-dividend on Monday, so to capture the $1.98 dividend, you would need to buy it today (Friday).

On hybrids, they generally have an ex-interest period of 15 days. ANZ Capital Notes 2 (ANZPE) pays a distribution on 24 March.

Of course, these distributions or dividends are usually factored in the trading price of the security – so all things being equal, the security will trade at a lower price on the day it goes ex-dividend or ex-distribution.