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Dram, agree - I have been nibbling at this share for a couple of years and I am building a good holding....I think its got plenty of legs up to 850p
OJ
Indeed, I sometimes do that - but this time I just held (for the divi) and bought more today because I like the look of data coming out of China.
Thats all correct - but like most shares you could have sold yesterday, bought back today on x =-divvy day - you would have made more than what the divvy is worth and not had to pay any tax on the divvy's.....
As I understand it, to qualify for the dividend you must have bought before the ex-d date and still hold it when the market opens on the ex-d date. If you sell after the market opens, you still get the dividend - as TheArcher states.
If you sell today you get the Div
HL says if you hold at the end of the day before ex dividend you will be entitled to Divi payment, today is ex dividend, so end of day yesterday would of been last chance, my stop loss was triggered as well
As HSBC is spending £3bn/$3bn on share buy back. I won't be selling just yet. Let the buy back complete and we will see what the SP is then.
Good question and it's not clear to me. I put a stop loss on last night, and my HSBC have sold this morning before the market opened. However I'm not sure i now qualify for the dividend, with today being "ex date" and tomorrow the "date of record"
Investopedia says....and I hope it's incorrect or I have messed up.....
"The ex-date or ex-dividend date is the trading date on (and after) which the dividend is not owed to a new buyer of the stock. The ex-date is one business day before the date of record.
The date of record is the day on which the company checks its records to identify shareholders of the company. An investor must be listed on that date to be eligible for a dividend payout."
No, believe yesterday was last day to hold to be able to to get dividend
So if you sell today do you get the dividend or do you have to wait until the end of the ex-dividend date i.e tomorrow?
I don't think English is shatter's first language. His most recent post contradicts his initial post.
Shat
why have you posted details of an historic dividend already received? -
you really must need to keep up to date.
FOURTH INTERIM DIVIDEND FOR 2023
On 21 February 2024, the Directors of HSBC Holdings plc approved a fourth interim dividend in respect of the financial year ending 31 December 2023 of US$0.31 per ordinary share. The dividend is payable on 25 April 2024 to holders of record on 8 March 2024 on the Principal Register in the United Kingdom, the Hong Kong Overseas Branch Register or the Bermuda Overseas Branch Register. The dividend is payable in cash in United States dollars, sterling or Hong Kong dollars, or a combination of these currencies.
Dividends payable in cash in Hong Kong dollars or sterling were converted from United States dollars at the forward exchange rates quoted by HSBC Bank plc in London at or about 11.00 am on 15 April 2024 (US$1=HK$7.826950 and £1=US$1.248559). Accordingly, the cash dividend payable on 25 April 2024 will be:
US$0.31 per share;
approximately HK$2.426355 per share; or
approximately £0.248286 per share.
The Board has approved a first interim dividend of $0.10 per share. In addition, following the completion of the sale of our banking business in Canada, the Board has approved a special dividend of $0.21 per share, payable in June 2024.
Bless 🤡
My understanding is, it is classed as the same as every other dividend.
Just to throw a spanner in the works, anyone think we can treat the two payments differently i.e. 0.10c as being from the income stream and the 0.21c coming from the Canada sale being return of capital. Outside of Sipp's and Isa's could this be beneficial - this is coming from a non tax expert.
Lol imagine expecting less divis.
Shat
''I believe the Divi is 16.4p so hopefully 20p max..''
do people not know about their own investments or read this board ?
LTI
7 May 2024 15:06
''Xd is 2 days away for a total of another 31 cents - cable rate on the 11th June
will be used for the Sterling equivalent to be paid on 21st June''
today 31 cents would equate to about 24.82p
I believe the Divi is 16.4p so hopefully 20p max..banks are fairly strong at the moment so a bit of a gamble to sell today and buy back after it goes ex Divi. In for the long term so will keep reinvesting the divi’s.
As it goes Ex dividend tomorrow?
Xd is 2 days away for a total of another 31 cents - cable rate on the 11th June
will be used for the Sterling equivalent to be paid on 21st June
Took another slice at 707.5p
Buying these in 2020 and averaging down to summer 2021 , better idea then all the AIM rubbish .
Feels better then other bank shares
Maybe the recovery in ft100 types comes first .
Buy 31/8/21 348p
Buy 11/6/20 385p
Buy 10/6/20 399p
Sell 05/6/20 409p
Buy 27/3/20 470p
Buy 26/3/20 483p
Sell 17/3/20 490p
Buy 09/3/20 475p
Buy 24/2/20 550p
Good morning 465. All dividends paid during the period 6th April, 2023 to 5th April, 2024 should be entered on your 2024 Tax Return. The paid date you will find on the dividend voucher. If that date falls between the above two dates then it must go on the 2024 Tax Return. Clearly, the 25th April, 2024 dividend is entered on your 2025 Tax Return. Hope this helps. ALgent.
The FT is speculating that HSBC will poach the Lloyds CEO!
I had to double check the dividend info provided as I thought that the special had just been paid. I thought it was a 10c with the 21 special not just a 31c dividend.
So nice to know I got something wrong but in a nice way
New 5 year high price, which means there is no overhead supply, from previous trading , to hold back price progress. The previous major rallies , were about 200, so price target is 775. The supporting banking sector is in a bullish trend up. DYOR.