Dividends payment dates

jimjames

p00hsticks wrote: »

But a dividend is effectively converting some of your share value straight back into cash. Given that you have to pay a dealing cost each time you buy shares, you'll get more shares for you dealing cost by buying immediately after a dividend payout.

So for example, suppose you have a company whose shares initially cost £1, but drop to 90p immediately after paying a 10p dividend.

If you spend your £150 immediately before the dividend is paid, you end up with 150 shares for your £1.50 dealing cost, and get £15 cash back almost straight away when the dividend is paid.

Buy after the dividend is paid and you'll get 166 shares for your £150. So more shares for the same dealing cost.

And the advantage of buying at the lower ex dividend price is that you don't immediately need to reinvest that £15 and pay another dealing fee to buy shares with it. Of course if you only want the income then this doesn't matter but a large proportion of the return from shares historically has been reinvested dividends.

Investing small amounts in shares directly may not be cost effective and you may be better off building up a portfolio of funds then investing in shares once you have substantially more money and can diversify.

fimonkey

jimjames wrote: »

Investing small amounts in shares directly may not be cost effective and you may be better off building up a portfolio of funds then investing in shares once you have substantially more money and can diversify.

Thanks, I am also saving £150 in a FTSE all shares tracker and am using the £150pm share buying as an education for learning about all this.

Thanks for the explanation of the ex divi price and when to buy shares.

bigfreddiel

fimonkey wrote: »

Is there an easily available list of all the companies on the UK stock market who pay dividends, what they pay, and when the ex divi date is please?

Its taking me ages to look up the individual companies, and whilst using the ii portfolio builder I can only contribute a small amount per month to shares. Knowing the ex divi date of the comapnies may influence when I buy the ones on my list.

Thanks

Nobody has answered the question tho' - where can one find a company listing where the divi date, ex divi date and divi can be seen?

The suggested solution with digitallook doesn't do that you stillneed to drill down into each company to find out.

fj

Thrugelmir

bigfreddiel wrote: »

Nobody has answered the question tho' - where can one find a company listing where the divi date, ex divi date and divi can be seen?

You would need to subscribe to an information service such as Extel for this level of detail.

Biggles

bigfreddiel wrote: »

Nobody has answered the question tho' - where can one find a company listing where the divi date, ex divi date and divi can be seen?

The suggested solution with digitallook doesn't do that you stillneed to drill down into each company to find out.

Digitallook's 'Company diary' lists, for each week, all companies with a notifiable event expected (results, xd, div payment etc).

bigfreddiel

Biggles wrote: »

Digitallook's 'Company diary' lists, for each week, all companies with a notifiable event expected (results, xd, div payment etc).

Thats actually quite a good page - cheers

Why is it a list of companies with their divi schedule is only available on subscription sites? Or has anyone found it for free yet?

Ifts

Don't know if this is of any good to you but I use The Share Centre. On their website: The Share Centre , at the top if you select: > Research the markets, then under 'News and reports' select > This weeks events, you can see whats happening this week and also future events just by clicking on the next week tab.

Also detailed information on each share, from The Share Centre homepage > Research the markets > Market today (on the left hand side) > FTSE prices > you then get a list of shares, when you click on which ever share you are researching you can see dividend info on the first summary page (halfway down the page), there is also more info on that share by using the links on the left hand side on the summary page.

Bit of a pain you still need to drill down to each individual share though.

JamesU

Ifts wrote: »

Don't know if this is of any good to you but I use The Share Centre.

Nice site, easy on the eyes and no adverts. But looks like data is from Digital Look though (see charts).

JamesU

wriggly

p00hsticks wrote: »

If you spend your £150 immediately before the dividend is paid, you end up with 150 shares for your £1.50 dealing cost, and get £15 cash back almost straight away when the dividend is paid.

And in many cases you effectively pay 0.5% stamp duty on that £15 cash. Another reason to wait till after the ex-div date.

Ifts

JamesU wrote: »

Nice site, easy on the eyes and no adverts. But looks like data is from Digital Look though (see charts).

Yes you are correct, thats who supplies the info to the Share Centre, when they have any problems with providing detailed info on their site they blame it on Digital Look!