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No, the dividend is payable to people owning the share yesterday.
By the way, my strategy is to re-invest the dividends which is exactly what I've done. This strategy helps bring down the average cost per share. Only really works for those keeping hold of em. Not for day traders obviously.
Bought today at £2.32 - do I get the dividend?
Good morning Rob, I can understand anyone buying on the drop. I've done it myself, but I can't understand anyone selling on the drop. Sell either side of ex-div when the SP tends to be higher. Undoubtedly, the SP will recover its drop today over time. It always does.
Lam, why would you buy on the morning it's gone exdiv ?
25k bought. The rest holding for divi, but jeeze its dropped a fair bit.
Final Ex-Dividend Date 25-Apr-2024
Final Dividend Payment Date 06-Jun-2024
Gotcha & thanks.
Apologies to thecumbrian.
H88, I think you'll find that the TheCumbrian is referring to the price fall today (4.5p/14.63p) not the normal 2:1 dividend split between final and interim dividends.
2/3s gone as this one is the final divi, not the interim.
That’s 1/3 of the divi gone today.
Kept mine, as I always do, and always regret it.
Hopefully the predicted plummet will be short lived.
In fact I took a hit of £330, but I got £982 dividend. So, I didn't make a loss, hehe.
My other half I have sold earlier that has done better. I made £1800 on the lot.
Yes, let's hope that we'll make more in the future. 😂😂😂
Good evening sidi, well it didn't reach the 2.60 that i said it would several months ago, but at least we have all made a profit and hopefully more to come
Best of luck to you and all that invest here
Good evening robleo, I have sold my other half a couple of days ago. If the market is bad tomorrow, then LGEN probably will drop to or somewhere near to 230. A few days later, maybe we can buy at 220's or even lower, depends on the market conditions. I have put my order in to buy at £2.20.
Hope you are keeping well mate. Have a nice evening and good luck.
Gary, I don't blame you that's a good average and this has always been a good dividend paying stock, for myself i'm a bit heavier that i probably should be here for a single share, also i paid a bit too much for my last top up here pushing my average up to 2.40, so if i get an opportunity to buy back for a lot less i may do so, if not i'm happy with what i'm holding
best of luck guys
Only joshing LTI, good luck mate, no offence intended.
Rob - I never really intended to sell any here as I'm invested in single company shares solely for dividends should I ever need them. I'm happy to collect my £515 in June & share price fluctuations don't really bother me. My average here is below £1.90 so I have some breathing space. Good luck all those invested here & elsewhere.
Sorry looking at vod board at same time.
G59
''Rob, LTI has got it wrong''
LGEN's xd date has always been a Thursday since the market changed to the norm being a Thursday for the UK market
G59
''Rob, LTI has got it wrong''
Vodafone's xd date has always been a Thursday since the market changed to the norm being a Thursday for the UK market
I'm not overfamiliar with the R&Q situation but they are a general insurer aren't they? LGEN exited general insurance about 10 years ago and given the competitiveness and lack of profits in that space in recent years I can't see them being to eager to go back in.
Gary, between now and the next exdiv there's no benefit in being invested, so plenty of time available to buy back here around 220ish, obviously there's no guarantee on how much it will drop, still holding 2/3rds so not too much of a risk
The "Sage' was holding $168 billion in cash and cash equivalents at the end of 2023. By that it means that the cash was mostly stuck in US treasury bonds which are one & the same. Does that mean that he is struggling to find stocks which he thinks will pay a meaningful return? $2 billion of that is from selling a 1% stake in Apple.
I bet it still keeps him up at night.
Eccles, I think your mate Warren is having you on. Berkshire Hathaway has been sitting on a big cash (or equivalents) pile for a while now, with US stocks being expensive and cash earning 5%.
Sold roughly one third. I also have AV. which sank by more than the % dividend, so I can now buy these if LGEN doesn't do likewise. Or maybe something else, but I have cash and have already made a profit, which is nice.
According to my mate Warren Buffet one should never hold cash except what is necessary to buy groceries and pay bills. It earns nothing and always depreciates; if you can't find somewhere useful to park it you are not trying hard enough.
Rob, LTI has got it wrong … again !! XD dates are not always on a Thursday (for UK shares). Mostly they are, but not always. There are occasionally circumstances where the ex-dividend day is different i.e. when there is some other corporate action, such as a consolidation.