DIVIDEND PAYMENTS11 Jun 2026 14:48
I’m going to try to explain this in as low level terms as possible as I’m bored of the amount of posts
In the UK when CUK shares were changed to CCL shares people in the UK held a “promise” share.
Those shares are held by a clearing house.
So although we hold CCL shares in essence we don’t. We hold “promise shares”. There are specific terms for this but I’m deliberately trying not to use them.
So Carnival paid the actually CCL shares on the 29th May but the “Promise” shares are being paid on the 19th June.
The reason is because in essence Carnival pays the middle man, usually Crest, and then Crest pays out the dividends.
Unfortunately when corporations aren’t set up effectively this generally happens especially in relation to US Holdings.
So the proper dividend date is the 19th June for anyone who uses a normal share holding account, SIPP, ISA, or dealing account in any UK housed dealing service accounts, eg AJbell, Fidelity, HL, ii , Barclays etc etc etc.