Each broker is supposed to let the registrar know how many shares it's clients hold in and out of Isa's (ie as a total for combined clients) before the dividend payment date - and then the registrar pays that number of shares with and without tax deducted. Obviously a few brokers don't bother, but that causes them a lot more work in the long run. It then takes 6 to 8 weeks to reclaim the tax. I wouldn't be surprised if some people don't even notice they have paid tax,
It's what they usually do @RoyC - although they don't always bother saying it is special - this is one where they did (and they certainly have the reserves)---
The Board of Jarvis are pleased to announce that, on the back of recent trading activity referred to in announcements during April 2020, it is declaring a second quarterly interim dividend of 11 pence per share. The dividend is paid in accordance the Company's dividend policy but also includes an additional sum which the Board have elected to include following the Company's strong trading this year and previously undistributed reserves brought forward
Afraid I am no tax expert, but REIT's need to be in an ISA to avoid getting tax stopped.
ie my last Regional Reit dividend was 5000 shares x 1.5p = £75.00 paid. No tax paid or owing. It's a long time since I bought a REIT in a normal account, I know it was a shock to get tax stopped so I quickly moved to ISA's. Lesson learned.
I'm the loser here as a long term holder, only 10 percent up on HHI, with a 6.4 % yield. Just 1 % up on HEFL but just over 7% yield.
I can't believe Chelverton keeps on climbing - 82 percent up and over 8 % yield. Timing is critical !
The main culprit was Cineworld, anyone know who the other was ?
Could understand it if they were still owned by private equity groups, although they seem to change hands regularly, so who knows ? Seem to not have many scruples.
https://en.wikipedia.org/wiki/Cineworld
Hi Krusty, yes, I know, I have had far too many years on these boards. I wish I didn't actually read the comments, LSE is the best website I've found for keeping a check on the companies I am invested in and those I'm interested in, and I see someone has an opinion so have to see what I've missed. The amount of people who use these boards for their own means is appalling. As a naive investor I lost thousands to an organised gang ramping AIM shares and at a later date I changed my user name and befriended them, and found how they operate, but LSE don't actually care. That particular gang made a lot of money on a few oil explorers, the leader was a failed director of many companies who he had run down, and the annoying bit was that they were ruthless in putting anyone who opposed them down.
So yes, although my intention is to help anyone with a genuine question, I do tend to get in a lot of arguments with rampers, derampers and people who come on to brag about themselves - especially people who call themselves something official or misleading.
So I do apologise for making it personal. My comments were really about you choosing the name of a clown from The Simpsons - and actually not a very nice character if I recall. Hope we can move on.
I've been thinking the same @barnetpeter - even though I would never usually consider a half-year dividend payer. How low can this go ? Still over 6 weeks to the ex-dividend date, traders will start buying at some point before then purely for a dividend gamble. I suspect we have a couple of weeks to decide, unless anything is announced in the meantime.
On a separate note, probably a stupid question, but as a REIT, how do the get away with not paying any dividend during the financial year ? I guess it doesn't matter that the Final and only dividend is being paid in the next financial year ?
Of course, the great David Lockhart passed away last year. Maybe that is when the company changed ? He was apparently a very caring man, and supporter of The Trussell Trust. I somehow feel shareholders became less important after the sad loss of Dasl. There is a tribute here.
https://uk.virginmoneygiving.com/fundraiser-display/showROSomeoneSpecialPage?pageUrl=DavidLockhartDASL
Can't help with that one @teamwork86. Maybe SEQI has more exposure to transport assets in it's portfolio ? Agree it is worrying about GCP but personally I just keep a steady investment in these type of companies and collect the dividends. I hope that one day those who demand green power actually put some money into.
Only because someone bought 50, well, an unmatched trade went through. Sometimes thing they do it just to get the share to the top of the leader board and make people notice it.
Good solid dividend payer though, 103p was exactly the price I bough in at 3 years ago, although I topped up cheaper to get down to a 102p average. No wonder no one talks about it.
Hi @GL, missed your post. Yes, the amount of people now trading quarter dividend payers is rapidly increasing. It didn't use to happen so much because it's a merry-go-round of Month 1 - dividend announcement, Month 2 - ex-dividend, Month 3- payment. And then you are back to the beginning.
I tried doing more trading for two complete quarters, both both times I lost exactly the same amount as I gained in dividends. But it is possible. I took my losses on NRR last week because it no longer pays quarterly, and used some of that cash to double up on AIF for today's ex-dividend. Selling AIF today (because it is cutting dividends and changing it's focus) has regained half my NRR losses, and doing the same with EDIN in two weeks should put me straight again. In EDIN's case, it's the next dividend is the big final year one, and then it is almost 5 months to the next divi, so plenty of time to get out and back in. So you are correct, it can be done, and I should do it more, but of course it can ruin your running yield if you pay more to get back in than you were initially in. Good job I like playing with spreadsheets.
Common problem @Jebedee - all that is reported is the size and price of your trade, sites like this (and every other one) just try to work out whether it was a buy or a sell based on the current buy and sell prices. If it shows as a sell, you got a good deal. Yet another anomaly of an antiquated system.