Divi advice please17 Oct 2023 19:52
Hopefully someone can give me a steer here, I must admit my investment strategy to date has not considered dividends so havent paid them much attention. On the 8th Nov we get results and confirmation of divi, declaration date, this will include a ex-divi date quickly followed by the record date for mks to decide who was actually a shareholder this then leads to the payment date. Q1, have I got that right? Q2, are there standard or min / max timeframes for each step? Q3, I dont get why the declaration, ex-divi and record dates are not the same, surely if I announce today I'll pay a divi for anyone holding next week people will pile in just for that? Q4 presumably when the payment is made the SP will drop by an equal amount as the cash it held is now out the door?
Any advice will be much appreciated
Thanks
Fforest