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Share dividend - how does this work please?

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The next HSBC share dividend is paid tomorrow, I get mine in shares. Do I get shares based on the share price tomorrow, or is it based on the share price the day the dividend was announced?

The price has gone up about £1 a share in that time so it will make quite a difference in the amount I receive.

Can anyone help please?

Comments

  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    On the day. As it's the cash that will buy the shares.
  • Turtle
    Turtle Posts: 999 Forumite
    Part of the Furniture 500 Posts
    Thanks for your help. I suspected that was the case but was hoping I'd be wrong!
  • Jsscmm
    Jsscmm Posts: 147 Forumite
    Fourth Anniversary
    The value you get is the same, whilst the number of shares may be lower, each is worth more. So overall, the change in price hasn't hurt your dividends and I assume a £1 price increase is nice for the shares you already held if you still have them!
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