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The stamp duty tax is a tax investment undermines the city. Like the other taxes the state levies on employment etc totally economically damaging.
"Div 8p payable 21 Jun 2024.
SP down 27p.
I would be better off by 19p if sold it yesterday."
31cent ~= 25p
Outside an S&S ISA, you could pay capital gains instead of dividend tax.
Depends on how much tax free allowance you have unused.
Regardless of ISA, there is the 0.5% stamp duty when you buy shares.
Since HSBA pays dividend four times a year, you will lose 2% = 0.5% x 4
if you keep switching in and out over a year.
There are dealing charges as well.
Think we are seeing signs of recovery
JRE
Hopefully the contract note time was when your sell order was placed - i.e. when the market opened - not the time when the trade was actually executed. I think you'll be ok :)
Hi
Thanks for the feedback
So I looked into this a little further
Contact note states “08:00”
AJbell FAQ on limits / stop losses states..” Prices are also particularly volatile between 8.00am and 8.02am during the London Stock Exchange uncrossing auction and we do not execute limit or stop loss orders during this time.”….so something not right there
FAQ also states….” For UK shares, you can set up limit or stop-loss orders outside market hours, but they won’t be processed until the market opens again.”
So appears I should be OK. If I am not, and do not receive the dividend, I will ask Ajbell what’s gone wrong
Duka
Hopefully a good call - I topped up, as I liked the data coming out of China.
Cheers
JRE
"... around 8am"
Fingers crossed for you that it was after 8am!
I spoke to HSBC investment team ans was advised I needed to ensure I sold after 8:00 when markets opened offically, so I would get get the dividend, ended up not selling anyway, as went down a bit more than expected so will keep for a while for it to come back up.
Hi Dramchart
unfortunately it went through at around 8am yesterday. I'll check on payment date, but looks like it could be an expensive lesson learned for me
cheers
Hi JRE,
If your sale went through before the market opened, I think you might have lost out. However, most retail brokers do not place trades outside market hours. Some even don't action buy/stop/etc. orders during the first 15 min of trading because of volatility. So unless your broker trades out-of-hours, you're probably ok (unless, of course, your sale went through before the market closed on the previous day). Suggest you check your broker's T&Cs. Hoping the best for you!
A normal and a special which came to 31 cents, around 24.5p.
Usually I’ll make comment or observations when sharer price on rise like last week, so this time as I usually jink it said nothing so it wasn’t me lol
Hi find
I dont think so,the confusion arises is because q4 2023 and q1 2024 are exactly the same amounts , yet somehow have got mixed up.
On 21st Feb a q4 dividend of 0.31c was announced payable 25th April.
In the recent q1 results a q1 interim dividend of 0.1C was announced plus 0.21C making 0.31C(around 25p) q1 div , payable 21st June.
A 3% drop is about right.
I dont think that one is correct, Q1 interim is 10c + 21c( Zale of business) =31c
https://www.dividenddata.co.uk/dividend-calculator.py?epic=HSBA
Else why drop 3%, I invested yesterday and the dividend from the above link equals roughly my 'loss' today, so think should be accurate.
Div 8p payable 21 Jun 2024.
SP down 27p.
I would be better off by 19p if sold it yesterday.
Hi Dramchart...So i may have lost out if mine sold before the market opens?
Https://www.dividendmax.com/united-kingdom/london-stock-exchange/banks/hsbc-holdings-plc/dividends
Scroll down to see both Special and Quarterly dividend....
Can anyone tell me how much the divi was
Anyone holding at close of play last night gets the divi, the sp dropped around 24p to reflect the share going ex Divi this morning. If you buy today you ain't getting the divi. I'm not sure why ppl are so confused about something so simple.
Ex-Dividend Date
The ex-dividend date is the date which is used to decide which shareholders will receive a dividend payment. Shareholders who own shares in the company before the market opens on the ex-dividend date will receive a dividend payment. Shares bought on or after the ex-dividend date will not qualify for the dividend.
It is due to Ex dividend day, shares normally go down at this point.
Vella don't think you will as you need to hold on that day
Why is it down anyone?
I will be able to confirm if you do get the dividend, I bought some share a month before ex dividend and sold on ex dividend date have to wait another 2 weeks until payment. I’ll Let you know if I don’t got the dividend.
Got to say ive also been nibbling at Barc,NW and Lloyd and all have done fairly well!