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Dividend Payment and Selling Shares
ian9999
Posts: 27 Forumite
Hi all
I am not sure this is in the correct forum, apologies if it isn't
I am looking for some advice, I have some shares I wish to sell but before I do I want to receive the last dividend payment.
The record date was the 22nd of May, the payable date is the 3rd of July. Am I ok to sell the shares before the 3rd and I would still be eligible for the dividend?
Thank for any advice offered
Ian :wave:
I am not sure this is in the correct forum, apologies if it isn't
I am looking for some advice, I have some shares I wish to sell but before I do I want to receive the last dividend payment.
The record date was the 22nd of May, the payable date is the 3rd of July. Am I ok to sell the shares before the 3rd and I would still be eligible for the dividend?
Thank for any advice offered
Ian :wave:
Mortgage Was £153,000 - Now at £135,391 - 199 remaining payments, target 173 - Now Saving instead of Overpaying to build a one off overpayment once fixed deal ends, as savings paying 3.65% than mortgage rate. - Emergency Fund £4,935 / £6,800 73.0% - Age for early Retirement 66 Currently, but aiming for earlier, number of months to go 147
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Comments
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If the ex div date was 22nd May then you'll get the divi even if you sell now.0
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If the ex div date was 22nd May then you'll get the divi even if you sell now.
Thank you Andy, this is new to meMortgage Was £153,000 - Now at £135,391 - 199 remaining payments, target 173 - Now Saving instead of Overpaying to build a one off overpayment once fixed deal ends, as savings paying 3.65% than mortgage rate. - Emergency Fund £4,935 / £6,800 73.0% - Age for early Retirement 66 Currently, but aiming for earlier, number of months to go 1470 -
Though the share price would have fallen to take account of the declared dividend.0
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Indeed - the share price generally drops by the amount of the dividend (give or take any other daily fluctuations) on the ex-dividend date. So there's no advantage to waiting for the dividend to be paid before you sell, other than possibly the different tax implications of receiving the money as a dividend or (hopefully) a capital gain.0
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