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Need to buy today therefore to qualify.
Once that div payment is made, there is not much holding VOD up with next one 6 months away. Remove the towers money and twelve month trailing earnings is well below div amount.
The city know the div comes from reducing assets or raising debt and will mark the stock down over following months in preparation for the next payment.
Private equity takeover.
Italian sale.
3 merger
Activists
Lower energy costs
Higher margins
Lower interest rates
Multiple catalysts actually.
We all know by close of play tomorrow it would have been better to not have held for the divi today
Jax. The only thing we all know is that you are an idiot,so you don't need to keep reminding us. The net sp after taking into account ex divi may go down,or may go up, If we all knew it would go down, we could all be very rich, but we don't know & nor do you so, give it a rest!
Why the 5% drop in USA?
Didn’t realise it was ex div date 22/11 in the USA
Very odd having alternate ex div days...hope there's a good reason for it as it's seems to be introducing short term distortion.
I thought Vodafone ADR ex dividend dates have always preceded the UK, either way you'd have a distortion due to the time difference between the markets. If that wasn't enough, I believe the Nasdaq is closed tomorrow for Thanksgiving.
If UK went ex div before the US., at least the US would be closed. The way it is at the moment both markets are open when the ex div is only applied US. More room for distortion than if applied to both markets on the same day.
Otherwise agree with you.
Tomorrow is US bank holiday and thats why they went ex dividend today.. ex diviidend of 0.45 euro = 0.489 cents.. but they are down by only 42 cents.. not bad..
We are closed at 74.92.. so looks like we may test 70p tomorrow...
Good luck!
If vod on the nasdaq had not gone ex divi today you would be able to sell vod on the nasdaq at the pre ex divi price without losing the divi, & then bought back on the l.s.e, for the ex divi price tommorow , thus making a killing by the the divi amount. So obviously that would not work.
Either way, you will lose either less or more than 4.5 euro cents as share price will fall accordingly.
Also as US vodafone, share price now below $9 and 52 week low, we may test 69p again this time.. I hope any supportive news lift voda up above 70p before that happens..
All eyes on tomorrow..
All the best..
Dividend record date is 24/11/2023
The record date is irrelevant to the price.
The ex Divi day tomorrow will see the SP go down by 3p-4p as normal.
what's the betting !!!!!!
Should it not go down tomorrow instead of today! We're at 71.2p or thereabouts. 70.3ish seems quite likely, be interesting to see if that's the bottom, but if it's ex-divi tomorrow rather than today (which the SP action suggests) then we might see further falls. I'm confused.
Its ex dividend date today.. hence the fall.. Tomorrow will be record date... Therefore it may go sligtly up..
I hope it holds above 71p as BT is doing good (up 2%) with the budget announcement..
The Ex Divi date is today
Thanks, that makes more sense!! I just read it off the board.
Interim Ex-Dividend Date 23-Nov-2023
Interim Dividend Payment Date 03-Feb-2023
Final Ex-Dividend Date 08-Jun-2023
Final Dividend Payment Date 04-Aug-2023
I can't remember who it was, but someone was calling 65-66p on this with the intimation it would come ex-divi. That seems unlikely so far. My own view is that we'll remain above 69-70
It was me!.. it wont happen today but may happen in the next few weeks!
OK lse, waiting game now. I haven't bought yet as I've plenty of market exposure elsewhere, but it's in a range that looks more interesting to me.