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ex-dividend dates

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Ciprico
Ciprico Posts: 574 Forumite
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in Savings & investments
Am I right in thinking if I buy City of London before 25 Jan (ex-div date), I will receive the current dividend on 29/2...? 

I appreciate the price will go down by dividend amount, I want to specifically generate income....

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  • Hoenir
    Hoenir Posts: 3,179 Forumite
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    That's correct
  • ColdIron
    ColdIron Posts: 9,337 Forumite
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    Broadly yes, It will be paid to your platform 29/02 but some are tardier than others making it available to you
  • EthicsGradient
    EthicsGradient Posts: 1,040 Forumite
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    Yes, and it is before the ex-dividend date, not "before or on". If you buy on 25 Jan itself, you won't get the dividend.
  • Hoenir
    Hoenir Posts: 3,179 Forumite
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    If you wish to generate a higher income going forward. Buy ex-div. Remember you'll also pay stamp duty of 0.5% on the value of the share purchase. 
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