Date/Time
Author
Subject
Share Price†
Opinion
23 Apr '13
Hatari
Lgen Divi
172.40
Strong Buy
Next div ex-date Apr 24 2013 Next div pay-date May 29 2013 Plenty of buyers coming through for the ex-divi date tomorrow Apr 24 2013
18 Apr '13
stisbury2405
RE: Next Dividend Payment?
167.70
No Opinion
As long as you hold on the ex date, and have brought in 3 working days before the record date, you will receive the dividend. Therefore, you can sell after the 24th, but be aware that the fall in SP may be less or more than the dividend payment, depending on what happens in the market that day. No free profit though I'm afraid... Cheers
18 Apr '13
stisbury2405
RE: Next Dividend Payment?
167.70
No Opinion
The ex-date is the day the dividend is taken out of the market; the share price will almost certainly fall by this amount. If you wait to sell until after the ex-date, then you should get the dividend. I'd wait until after the record date though, just to be sure. A more experienced investor may want to clarify... As mentioned above, the share price will dip by the dividend payment, which, in this case, is not 7.65p. That figure is the total yearly dividend (final and interim payments). The final dividend payment this time around will be 5.69p so you will still get a decent pay out. Hope this helps! GL
18 Apr '13
Jason_m
RE: Next Dividend Payment?
168.90
No Opinion
Great - thanks for the info. So if I sold at 9am on 24/04 I would still get the divi payment? Also, is it expected for the share to dip on this date as people similar to me are looking to cash in now and still benefit from the divi payment? Lastly, the news here: http://www.express.co.uk/finance/city/382429/Legal-General-dividend-rises indicates a dividend payment of 7.65p/share, is that correct, so against my c15k shares works out at c£1k? Thanks again!
17 Apr '13
stisbury2405
RE: Next Dividend Payment?
167.40
No Opinion
Jason, the ex-date of the dividend is 24/04, and the record date is 26/04. As long as you sell after these dates you will be legible for the dividend payable on 29/05. The below link may help: http://www.investopedia.com/articles/02/110802.asp
17 Apr '13
Jason_m
Next Dividend Payment?
167.30
No Opinion
Newbie dividend query! Does anyone know the next dividend payment date for LGEN, I have been told it is this month? I have just under 15k shares and need to sell asap for house deposit. If I sell before the next payment date am I still eligible for a dividend payment? Just wondering if they pay against the number of shares you hold on a certain date eg 1st Jan in which case I would be eligible, or is it only valid against the shares held on the dividend payment date.. Bit new to dividends so appreciate advice!
†Share prices shown are taken at time of message posting.
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