I was only joking when I described myself as a dividend scalper. I was 50/50 whether to hold the share up to the dividend and then decided to hold out. I think the US markets are in a bubble and are on the verge of severe declines. If and when the US drops, it will drag everyone else down as well. I've decided to cash out of the market completely for a while and just watch where things go. Going off past years, there may be a Santa Rally, but that isn't certain and could catch investors out. If i'm right, I will definitely be buying back into Vod, if I judge that the price is low. With the current volatility, some shares are good for jumping in and out, assuming you don't get locked in and taking the divi into account, Vod isn't a bad share to get locked into.
i think the point that so many investors miss is that all divi's come out of the share price before dealing starts on ex divi day, so if the divi is 3p & you sell at the point when you receive the divi, you will have to wait about 10 wks to receive it, however if you sell at the point when you dont receive the divi you will receive the same amount in about a week,because the net share price you sell at will be 3p higher. by net share price i meen takeing into account underlying movements in the share price. it never sieses to amaze me how many people dont get this. the daily mail today for instance commented on the fall of vod shares, giveing some obscur reason. in fact vod shares rose yesterday if you allow for the dividend, so to be fair if the financial colemn in the daily mail dont get it !! well i rest my case!!
It just surprised me to see it shoot straight up to 225 after it's just been adjusted ex-div, bearing in mind that dividend scalpers. like me, bailed out lol. Unfortunately I missed 225 and bailed at 223.5. I like VOD, but I think it could drop if the market dives.
Of course your dead right, I just dont get your original post, The price rise/or fall is dependant on whether your looking at pre or post divi price & took into account the dividend & the genaral rise in prices. This site shows a fall of 2.50 however if you add the divi 3.68, any vod shareholder is actually 1.68 better off than they were yesterday! I told you it was confusing!! but overall vod has risen today & may they continue to do so!!
The record date refers to the date when the transaction is completed/updated on the company register, someone buying on ex-dividend day wont be on the register until a day, or two, after the record date.
Sorry to drag this out, but clearly there is some confusion about the ex divi date. Whats the differance between the ex divi date & the record date?. To add to the confusion i note that the nasdaq has the ex divi date as the 20 nov. Frankly i think its a shambles that even many proffesional pundits dont understand!!!
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