GSK Ex Dividend Date

Sally57

My husband bought some Glaxo shares this morning at about 9.00am. Today is the ex dividend date. My question is, will he receive the dividend or is too late? I don’t know what the cut off time is to receive the dividend. Does anybody know? Thank you.

soulsaver

Too late for div payment.
https://www.bing.com/search?q=what+time+is+ex+dividend&form=ANNTH1&refig=2cf284fece8743298e9694657a2062e1&sp=1&qs=BT&pq=what+time+is+ex+div&sk=PRES1&sc=1-19&cvid=2cf284fece8743298e9694657a2062e1

MPN

Sally57 said:

My husband bought some Glaxo shares this morning at about 9.00am. Today is the ex dividend date. My question is, will he receive the dividend or is too late? I don’t know what the cut off time is to receive the dividend. Does anybody know? Thank you.

Any reason he preferred GSK instead of Astrazeneca? I know GSK has a better yield but if Astrazeneca announce some positive news on their vaccine front then surely they would be a better investment at the current time?

MaxiRobriguez

Sally57 said:

My husband bought some Glaxo shares this morning at about 9.00am. Today is the ex dividend date. My question is, will he receive the dividend or is too late? I don’t know what the cut off time is to receive the dividend. Does anybody know? Thank you.

Whilst you won't receive this quarters dividend, the share price has dropped c.1% today so your husband has picked up more shares for his money than he would have done yesterday, so you'll receive a slightly bigger payout for every subsequent dividend payment than you would have done had you purchased yesterday. 

MaxiRobriguez

MPN said:

Sally57 said:

My husband bought some Glaxo shares this morning at about 9.00am. Today is the ex dividend date. My question is, will he receive the dividend or is too late? I don’t know what the cut off time is to receive the dividend. Does anybody know? Thank you.

Any reason he preferred GSK instead of Astrazeneca? I know GSK has a better yield but if Astrazeneca announce some positive news on their vaccine front then surely they would be a better investment at the current time?

Yield isn't the only metric. Other fundamentals like P/E puts GSK at a much cheaper purchase, and then also there's possibility for the GSK carve out of the consumer products arm which could add additional value over the long run.

Personally I prefer GSK (and roughly 3.5% of all my entire investments are held in GSK), but I'm in a position where I can hold on for multiple decades for those things to be realised. If they are never realised, 5.9% dividend yield is fine.

Apodemus

MPN said:

Any reason he preferred GSK instead of Astrazeneca? I know GSK has a better yield but if Astrazeneca announce some positive news on their vaccine front then surely they would be a better investment at the current time?

I appreciate that market prices often work as much on sentiment as hard fact and headlines can't be ignored, but part of the unprecedented joint working across the pharmaceutical industry on development of treatments and vaccines for coronavirus has been undertakings by most of the big players not to profit directly from the pandemic. Astrazenica has made such a pledge on its vaccine and GSK has made a similar pledge on its adjuvants, which will be used across a wider range of coronavirus vaccines (and potentially in a greater number of individual doses), albeit that the actual vaccines are produced by other players.

Sally57

MaxiRobriguez said:Sally57 said:

My husband bought some Glaxo shares this morning at about 9.00am. Today is the ex dividend date. My question is, will he receive the dividend or is too late? I don’t know what the cut off time is to receive the dividend. Does anybody know? Thank you.

Whilst you won't receive this quarters dividend, the share price has dropped c.1% today so your husband has picked up more shares for his money than he would have done yesterday, so you'll receive a slightly bigger payout for every subsequent dividend payment than you would have done had you purchased yesterday. 

Thanks for your posts. We thought he would be too late for the dividend but as you said he has bought more shares today at a lower price. He preferred to invest in GSK rather than AstraZeneca mainly because of the yield but he also feels the share price will eventually improve and it’s a long term investment so he’s happy.

MPN

GSK made an announcement today about a possible breakthrough with a vaccine so could be good news for investors?