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May account for the drop
Working out what i could of sold for at close yesterday and taking away what i can sell for now, then add my dividend expected, and i now require this to raise to over 163.50 to be in front, i am currently £638 worse off by not selling, i am optpmistic, touch wood.
The buyback is at arms length by the approved broker to avoid conflict of interest. BARC have no input into the timing of the buybacks once formal approval has been given, which of course it has.
Stupid me and I have been playing this lark for over 30 years.
Grrr.
Ah of course. Silly me 🤦♂️
Friday surely
5.3p dividend..... It's ex dividend day today
Does the market think its gone XD?
Something happen?
It is interesting (I think :) ) to see that Barclays are buying somewhere in the order of 10% of the shares that are being traded at the moment.
The bit that surprises me is that they are already buying them, I am an optimist, but feels to me that they do not believe the price will fall much lower than the dividend value today, if at all.
It will be interesting to see...
Rats. Thanks for pointing that out and must be the answer. If you sell today, your name would still be on the register tomorrow due to the delay in recording.
Cut and pasted from the net. To receive the upcoming dividend, shareholders must have bought the stock before the ex-dividend date. There are four dates to know when it comes to companies' dividends: the declaration date, the ex-dividend date, the record date, and the payable date.
Cut and pasted from Barclays web page. The full year dividend for the period ended 31 December 2023 of 5.3p per ordinary share will be paid on Wednesday 3 April 2024 to shareholders holding shares on the register on Friday 1 March 2024.
I find it really strange, there is no mention of the ex dividend date. the date you can sell shares and still get the dividend. Barclays are basically implying you have to hold onto the shares until 1st March to qualify for the dividend, this is not the case I find this very misleading and can see why people are confused.
Baffles me as well, but if shares sold on or after the ex dividend date, you will receive the dividend. When you purchase shares, your name does not automatically get added to the record book, this takes about 3 days from the transaction date. Taken from Google.
The ex dividend date is the date you can sell shares and still get the dividend. This contradicts what Barclays are saying on their web page.
If you sell tomorrow, you won’t be on it, that’s the whole point
Can someone please explain. On Barclays web page they say you have to be on the register on 1st March to qualify for the dividend. The ex dividend date is tomorrow 29th Feb. If you sell tomorrow, how can you still be on the register 1st March?
What will Barclays next dividend be?
It is Barclays' policy to declare and pay dividends on a semi-annual basis. The full year dividend for the period ended 31 December 2023 of 5.3p per ordinary share will be paid on Wednesday 3 April 2024 to shareholders holding shares on the register on Friday 1 March 2024.
You can sell them in the morning but they open down the dividend amount
See @baroninvestment tweet
I have Barclays shares which i want to sell but don't want to lose the dividend.
When can I sell these ? Thursday or Friday?
Cheers
If you would like the Divi 5.3 pence you have to buy today or hold Tomorrow they go ex divi.
That's why the G-Y bears shorts are buying back today otherwise they have to pay the divi to owner.
Please do your own research as always and follow FCA guidelines.
Morning roddle1, in relation to support of the buy-backs propping up the price, you could well be right. Time will make things clearer. Still early doors but the price is gently tip-toeing towards 170p. Very interesting!
Good Luck My Friend,
Regards, MrA
Morning JayK,
"...but you still gotta live and have a bit of fun right as much as I like making money ha."
Absolutely! Pointless making money if you can't enjoy some by spending it. If anyone wants any suggestions related to booking a cruise... and NOT up the Grand Union Canal (rofl Mr Wolf!) please send me a dm.
Regards, MrA
Https://www.ii.co.uk/analysis-commentary/hope-barclays-shares-after-chart-breakout-ii530857
'It creates the situation where movement next above 167p should prove capable of provoking ongoing recovery to an initial 172.7p with secondary, if beaten, now at an interesting looking 194p. This secondary is of special interest, perhaps even giving the share price an opportunity to close a session above the prior closing high of 189.5p and suggest happy days may be ahead for the share price'.