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Shares Ex-div

Hi advise please Do you need to buy/ hold on to shares on the Ex-div date to recieve the dividend and then can they be sold the next day,I know the share price will prob drop to compensate for the dividend

Comments

  • Aegis
    Aegis Posts: 5,695 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Whoever owns the shares when they go ex div receives the dividend.
    I am a Chartered Financial Planner
    Anything I say on the forum is for discussion purposes only and should not be construed as personal financial advice. It is vitally important to do your own research before acting on information gathered from any users on this forum.
  • chookie1
    chookie1 Posts: 117 Forumite
    Part of the Furniture Combo Breaker
    jcb208 wrote: »
    Hi advise please Do you need to buy/ hold on to shares on the Ex-div date to recieve the dividend and then can they be sold the next day,I know the share price will prob drop to compensate for the dividend

    In order to receive the dividend, you need to have bought them no later than the close of trading on the day before the ex-div date. On the ex-div date they will trade without the right to the dividend.
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