Member Info for johnson36

In a normal market BP will open tomorrow about 8.5p less than the close price today. BUT if oil price was to shoot up over night or the markets rally in America or Hong Kong after the UK market closes today then the share price can open at higher share price, I have seen this happen before.

Airlineguy1980

If you own the share at 4.30pm today you get the Dividend. If you wanted to you could sell at 8.00am tomorrow and still get the dividend. End of story

I will be keeping the majority of my BP for the Dividend but if I get a chance to sell some today at 325p+ then I will and hope to buy back tomorrow at more than 10p less.

Investinvalue

Please be clear.

True you need to hold at the end of business (4.30pm) today to get the Dividends.

False, you do NOT need to hold tomorrow, you can sell at the open at 8.00am tomorrow and you would still get the Dividend

LochinvarLass

Tax is 7.5% on dividends over £2000 for a normal rate tax payer. Higher rate tax payers pay 32.5%

Capital gains tax is only 10% on gains over £12300 for a normal rate tax payer, and 20% for a higher rate tax payer.

I am not sure where you came up with £14k from ? You will confuse people by telling them that CGT is 20% above £14k, because it isn't.

Sorry I posted twice. The 1st post didn't show after 2 minutes

Regarding Tax on dividends.
As a normal rate tax payer the Tax on Dividends is only 7.5% on Dividends over £2000. If you don't use up your normal £12500 Personal income allowance then the £2000 allowance is added to that. So if your only source of income was Dividends then you would have a tax free £14500 allowance and then pay tax at 7.5% on Dividends over that.

Profits from shares come under Capital Gains tax and you have a £12300 tax free allowance. This is a seperate allowance to the personal income allowance of £12500 for 2020 to 2021

Regarding Tax on dividends.
As a normal rate tax payer the Tax on Dividends is only 7.5% on Dividends over £2000. If you don't use up your normal £12500 Personal income allowance then the £2000 allowance is added to that. So if your only source of income was Dividends then you would have a tax free £14500 allowance and then pay tax at 7.5% on Dividends over that.

Profits from shares come under Capital Gains tax and you have a £12300 tax free allowance. This is a seperate allowance to the personal income allowance of £12500 for 2020 to 2021

Nice rise on Oil over night.

AKA0501

If you buy BP shares at 4.29pm on Wednesday 6th you will get the dividend

JBaumber

Normally a share will drop by approx the dividend amount on the ex-dividend day at the open, in this case about 8.5p on Thursday 8th next week. So there would not be much advantage to buying on Wednesday. Either buy on Thursday and get more shares for the same money or buy now if the think the market will rise next week.

JBaumber

The RNS is correct. The Record date has been moved to the 11th May. The ex-dividend date is still 7th May.

JBaumber

You can buy the shares right up until the close at 4.30pm on Wednesday 6th May.

Ex-dividend is Thursday 7th. Ex-Dividend days are always a Thursday

safehaven

only the record daye has changed to Monday 11th May.
The ex-dividend date is still the 7th May.
FTSE ex-dividend days are always a Thursday, maybe you knew that already

barnyards
Quote:

" good luck selling your shares on Wednesday (expecting dividend payment) "

Why did you say that bit in brackets ?

eviking

Yes, send an email

barnyards

What have those past posts got to do with the fact that you MISS read my post today and assumed I expected a dividend even though I made it clear that intended to sell before the ex-dividend date.

safehaven

It is very strange. I see the RNS that you talk about but on the BP website it still says 7th
https://www.bp.com/en/global/corporate/investors/information-for-shareholders/dividends.html

Ares6271

http://www.cgtcalculator.com/default.htm

read about all the rules. 30 day rule is one of them

barnyards

Why is it that everyone else managed to understand my post. Only you wrongly assumed I would expect the dividend payment. What a numpty you are.