RE: Glen Dividend4 Sep 2019 11:29
BTEX, if you buy GLEN at 4.29 PM today you will qualify for the dividend, you can then sell as soon as the market opens tomorrow,
however the share price will be adjusted to account for the amount of dividend paid out then open tomorrow at that adjusted price.
So for example GLEN dividend currently converts to 8.28p per share therefore if GLEN closes trade tonight at 240.28p tomorrow it will open at 232p at 8.00am but it may drop a lot further than that after say 10 to 20 minutes into trade so be careful don't think you can just hop in collect divi and the share price will still be at 240.28 tomorrow.
It has always dropped a lot further than the divi in the past and us crew on here have been messing with GLEN for a long time aint we lads.
I hope this is helpful and good luck