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Longtimeinvestor I find your manner and insults regarding people asking questions as not having brains and being thick quite obnoxious and rude. You are not the oracle on this share, or I imagine, anything at all. People are genuinely asking questions and giving their opinions. If you are so clued up then I do not see why you need to read this board or contribute as you obviously are privy to every bit of information already. I suggest that you lay off other people on this board or go and have a time out. Maybe have a nice walk tomorrow to clear the head.
Excuse my ignorance but what is the timing for the next dividend and what payment date would it realise
It’s a normal dividend and in no way a return of Capital! Book cost on holdings are the same. Anyone who has a dividend that must be taxed should pay it and be glad of their chicken dinner, cos everybody who got a dividend is a winner!! It’s money you never had before and last time I checked tax rate was much less than 100%. Hell.....if it was I could do some real damage and you would all know it!! Wink wink, nudge nudge ;)
FT 100 index showing a steady rise today heading near to 200 points higher. Its all good news.
BTW I can not remember the National Grid divi/consolidation , a couple of years back, ever attracting this level of interest/confusion/share chat/controversy.
We are back to sanity as HLs Tesco data is showing a day rise of 3.45p (1.42%) on their new nominal 6.33p nominal value Tesco factsheet.
All seems to be going well.
Keep chipper lol
Don't worry everybody. My shares have also disappeared from my Fidelity ISA account. I'm sure there's just a few things pending and all will be OK in a day or two. No need to panic as these are a log term hold anyway. When I get my pay out I will decide (if the price is right) whether to buy more TSCO or something else.
Well thats a relief. I Will wait then for more info. Have contacted bank in the meantime
Ade....if you look at the gov.uk link Tig sent about an hour ago that outlines the process you need to follow very clearly, it is paid via your tax payments through the following financial year , not necessarily a one-off payment...you have to inform HMRC you have exceeded your limit and are liable to pay tax. Have a look at the link, it really is a one-pager and pretty clear.
A
If normal dividends income is normally paid straight into your bank account, then that may suggest that your provider is classing it as a return of capital.
Thank you. I guess what I'm saying is that the special dividend is getting paid into the "cash" part of my shareholdings and not into my bank account. So is the tax payable if and when I withdraw it? Or when its credited to my stocks and shares cash holding account? Ive never gone over the 2k tax dividend limit before so its never reared its head for me.
s1
''Does anyone know when this will be sorted.''
No. You won't know what is happening until you contact your provider.
I use HSBC who have yet to adjust for the consolidation. I will relax and wait until they have. Not worth any concern.
As from about 3 pm this afternoon the whole value of our Tesco shares vanished from our bank portfolio - a previous value of over £25,000 in our portfolio is now standing at 0.
Does anyone know when this will be sorted.
Tig
''The declaration that the proceeds from the sale of the Asian business would be paid out to shareholders DID NOT result in an immediate 51p rise in the share price.''
Why would it?
you need to go back to school.
Does anyone expect an immediate spike in share price equivalent to the next declared dividend amount?
f77
''there was no need for this special dividend''
thanks for your irrelevant opinion.
Better to have an opinion before a decision has been made and agreed.
Tig
''you are constantly searching for confrontation''
It's called education. No need to thank people with that.
If you want to continue with misconceptions then I and maybe others will let you get on with it.
LTI,
I think you should really respect everyone's opinions.
In my view Tesco could have used that money in a different way, i.e reinvesting that money in the business or buying shares, that way the share price would go up, there was no need for this special dividend
unless you are a higher rate tax payer
2k threshold is for 'income' dividend.
If you are counting this asset sale as being income then you would be making a donation to UK plc of 7.5% above the threshold.
Yes sorry thats what I mean. At what point is the dividend tax payable? When withdrawing from the investment account or when its paid into the investment account from Tesco?
Ade
I think you mean dividend tax. CGT is something different
Because isn't it above the 2K threshold? Sorry confused.
A
Why would you pay CGT ?
When my circa £7000 "special dividend" gets paid into my investment cash portfolio does anybody know at what point I would have to pay capital gains tax?
Tig
''Exactly, the market did not add the dividend to the value leading up to today. Upon declaration the price did not jump 51p''
ffs have you and others got a brain?
When the Asian asset sale was announced and the market knew what the proceeds were going to be from the sale, the market cap then reflected these facts .When was that, March? (cannot be bothered to check)
eq
''Longtimeinvestor - looking at the sp over the last few years, when was the 51p added in value to it? ''
The value from the Asian asset sale was incorporated into the Tesco market cap.The share price has not reached near 300p in recent times. I had earmarked to sell some shares at 270p which it also hadn't reached. You may be looking at a graph that has been put out by the return/consolidation as per the link showing the share price at over 300p just a couple of weeks ago.
https://uk.finance.yahoo.com/quote/TSCO.L?p=TSCO.L&.tsrc=fin-srch
The Tesco share price has held up well since the start of the Covid 19 market sell off mainly due to the asset sale and what was to be done with the proceeds.