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Most builder shares are up today so maybe that is why we are only 15-16p down today.
Yes, the shares have gone ex-div at start of trading today. The divi is 21.9p/share so current sp movement (down 14.4p) is equivalent to a 7.5p rise [which is just less than 1%, about the same as the move in Persimmon this morning, for example].
Hi Noggers
Yes be nice to see the SP back into 670’s today/ Tomo
We’ve been beaten up enough recently .. lol
Not down as much as the divi, so up to press not bad.
Hey BigBangs we all make mistakes especially with divi days and such, bloody hell I have made a few in my time.
missed out Nogger (well done, thanks for confirming), I've been caught out in the past, always best to check
(hopefully by Friday we will be back to 670's and all pocket the DIVI)
bigbangs, I'm wrong loads of time, don't feel bad buddy ( you had me checking twice so your sales skills are strong.
Sunset, thanks for a giggle buddy ( about the bookies, lol) laughing is good, owe you a pint.
All - let's hope we make some cash !!
Damn - hands up - i think I am wrong what is worse is that I was absolutely convinced I was right - not my first rodeo but I have double/triple checked and stand corrected. Sorry for the confusion.
The divi drop will be on Friday 1st October the record date. Let’s watch and see.
Like you say spawny100 most likely they will drop around the divi, so if you could buy them tomorrow at say 20p cheaper and also get 21p divi as well it would be great and everyone would do it.
Noggers is right. You must buy today to get next divi payment. These will drop over 20p tomorrow as it's ex div date. It's not difficult.
Might help?
https://www.investopedia.com/terms/e/ex-dividend.asp
https://www.investopedia.com/ask/answers/06/exdividenddate.asp
Ok joggers, I respect your position but I am sorry on this occasion you are just wrong. Never mind everyone is perfectly entitled to make their own call. ATB
No disrespect BigBangs but anyone buying shares in this on the 30th will not get the divi on those shares.
I will try one more time. The ex div date is the 30th so any shares bought on the 30th will count and shares sold on or before close of play on the 30th will not count. The 30th is one day before the record date which is the 1st October.
Ex divi date is not dividend payment date.
Ex divi date, you must hold the shares to be entitled to get the divi.
EX divi date is 30th of sept.
Divi payment date is 09th November.
If you buy shares today and hold till tomorrow you will get the divi, if you buy tomorrow you will not get the divi, usually the price goes down around the divi price, but if it's a good day for the ftse it might not go down as much, you should be able to sell your shares on ex divi day without losing your divi, personally I always wait till the day after if I am going to sell.
For the avoidance of doubt extract from RNS of 2nd September,
‘The Board established a new dividend policy based on an ordinary dividend with a 2.5 times dividend cover in 2020. The Board was delighted to resume dividend payments with the declaration of an interim dividend of 7.5 pence per share in February 2021 and is pleased to recommend a final dividend of 21.9 pence per share (2020: nil pence per share). Subject to shareholder approval, the final dividend will be paid on 9 November 2021 to those shareholders on the register as at the close of business on 1 October 2021. The total proposed ordinary dividend for 2021, including the interim dividend of 7.5 pence per share paid in May 2021, is 29.4 pence per share (2020: nil pence per share; 2019: 29.1 pence per share).’
So if you hold shares at close of play on 30th you will get the dividend - this will include any shares you acquire on the 30th. ATB.
Jonnie, stop that deramping and get on down the bookies! lol
The ex-dividend date, otherwise called the ex-date, typically comes one business day ahead of the record date.
If you sell at 8am tomorrow you will not get the divi of 21.90p per share held. You have up until close of day today to buy for the dividend. So... scam down the back of your sofa - raid your kids/grand kids piggy banks - beg, borrow or steal - to buy these shares to day ).
We actually you need to buy before close of play on the 30th to be entitled to the dividend - if you sell before then you certainly will not get any.
So in theory you need own on the 29th
And can sell at 8am on the 30th and still collect
The divi At 30p
(This will be trading below £6 this week in my opinion)