Do performance charts strip out ex-div price deductions?

bowlhead99

aroominyork wrote: »

But this is just about whether the dividend of a stock or fund is announced i) before it goes ex-div, ii) at the time it goes ex-div, iii) at the date of distribution or iv) another time.

For listed stocks it is generally 1) as it is market sensitive information and they have a process for declaring the amounts and ex, record, payment dates in advance; you would get this via RNS.

For OEICs - which don't have a share price linked to market sentiment independent of the underlying assets, so don't necessarily need such timely reporting of the facts, I think it may in practice be 1 or 2 depending on who the manager/ ACD / administrator is (and for some even if it is 1 it might be hard to find out before 2).

The following vanguard excess income reports for their non-UK, UK eporting funds have a date that they describe as the 'Ex-date on which distribution was declared', implying the declaration date was the ex date (ie the date when the NAV drops to reflect the dividend payable and you no longer qualify to get the div if you buy at that point). However, their terminology may be just be shorthand for a longer explanation and they only really mean the date in the table was the ex date.

https://www.vanguardinvestor.co.uk/content/documents/legal/excess-of-ri-all-shareclasses-2018.pdf

https://global.vanguard.com/documents/institutional/vf-plc-excess-reportable-income-30-june-2019.pdf

As the dividend per share/unit is needed to be known by the open-ended fund manager as part of their exercise to update the NAV to reduce the NAV for it going ex-div, the information must be available by the time the ex div price is published. So it isn't as late as 3 or 4

Thrugelmir

aroominyork wrote: »

Interesting. So you can decide whether to buy the stock the date before it goes ex-div if you like the look of the dividend?

Dividends are normally declared upon publication of quarterly, half yearly or annual results. These will cause price movements depending on how the market receives the news.

For shares you can create an account on the LSE. Then filter RNS messages to whatever topic you like, i.e. just dividend announcements or everything. As there's many categories.

aroominyork

I called Royal London. They do not know the amount of the 31 March (ex-div) distribution yet. And it's not on their website https://digital.feprecisionplus.com/factsheethtml/royallondon/en-GB/royallondon-new/?TypeCode=FO:JPBR&specialunittype=ORDN&MPCategoryCode=&Category=indi&priipproductcode=&documentcountry=&RangeCode=28600096 Click on Prices & Dividends.