RE: "Special Dividend"24 Mar 2022 17:04
Hi,
I have 10,000 shares, averaged at £4.04. Currently valued at roughly £44,000 I am awaiting the divi on 7 April, taking a £1,470 divi. I will then probably sell all my shares at or around 20 April, if they are around £4.30.
As if I keep them for the Special divi, yes I will get £10,000 but then will only have 7,500 shares allied roughly at £32,000 at £4.30 each. A loss of £2.000. Yes they could raise to £4.70 region and above, but if not what is the point other than reducing the total shares in company by 25%?????
Anyone enlighten me differently?