HSBC Share Price - Where is it going?

redbuzzard

I have just bought some, on a 5% yield I couldn't resist.

gadgetmind

dealsearcher wrote: »

It goes ex-dividend this Wednesday with the opportunity of a good return and yet the share price is still wallowing at low levels.

Good. I buy shares like this for dividend income and therefore care little for high prices and low yields. My wife holds HSBC and may top up soon.

Uninformed rants aside, HSBC has not required a bail out and has got a solid capital base.

Reaper

dryhat wrote: »

......... and all their senior management should be stripped of every last penny they own and thrown in prison after being found guilty of laundering $400 BILLION of drug money for mexican cartels.

$400 billion? Where have you plucked that figure from? They were prosecuted for laundering "at least $881m" and they were fined $1.9bn for doing it.

lentrix92

I was just looking at these - seems good 'value' around here. Either buy now for the div or lower after the div.

Solid company, div yield good. Medium / Long term hold.

However, i already have exposure to sector via barc/lloy so im now sure about over extending into this are of the mkt ........

P.S : Standard chart shares also starting to look interesting

dealsearcher

redbuzzard wrote: »

I have just bought some, on a 5% yield I couldn't resist.

Exactly, and probably better than that at 615p per share. If only I had some spare cash ....

yatinsardana

To clarify, when people say those holding the stock on ex dividend date get the dividend, can someone explain that?
At what point on Wednesday should you be owning the stock? At the start of the market (ie anyone who buys it before Wednesday gets dividend) or at the end of the market? (Ie buying it at some point on wednesday and keeping it until Thursday? )

If it's the former, does that mean you can buy it now and sell it first time on Wednesday and still get dividend?

NB - still learning about stocks. I hold HSBC and I probably will continue to hold it at least for another year - it's a good company to hold in my opinion.

dealsearcher

lentrix92 wrote: »

However, i already have exposure to sector via barc/lloy so im now sure about over extending into this are of the mkt ........

P.S : Standard chart shares also starting to look interesting

The whole banking sector is down.

dealsearcher

yatinsardana wrote: »

To clarify, when people say those holding the stock on ex dividend date get the dividend, can someone explain that?
At what point on Wednesday should you be owning the stock? At the start of the market (ie anyone who buys it before Wednesday gets dividend) or at the end of the market? (Ie buying it at some point on wednesday and keeping it until Thursday? )

If it's the former, does that mean you can buy it now and sell it first time on Wednesday and still get dividend?

NB - still learning about stocks. I hold HSBC and I probably will continue to hold it at least for another year - it's a good company to hold in my opinion.

The record date is the important date and you need to be in the stock three days before the record date. The record date is Friday and so you must have bought the stock by close of the market on the Tuesday, that's tomorrow for HSBC. Hence on Wednesday the stock goes 'ex-dividend'.


http://www.investopedia.com/terms/e/ex-dividend.asp


http://www.investopedia.com/terms/r/recorddate.asp


So you should be able to sell the stock on the Wednesday and still get the dividend as your name would be on the record from the day before.

Reaper

dealsearcher wrote: »

So you should be able to sell the stock on the Wednesday and still get the dividend as your name would be on the record from the day before.

But do be aware the share price will drop roughly the amount of the dividend as soon as the deadline passes, before slowly recovering to the next dividend date, all else being equal. There's no free money to be made.

planteria

agreed.
i never look at dividend dates..they're just factored in.