RE: Dividend date7 May 2020 12:57
So according to this if I buy today I am still entitled to the dividend as record date is Monday 11th as tomorrow is bank holiday. Please correct me if I am wrong
What do the terms 'ex-dividend' and 'record date' mean?
Before announcing each dividend and in consultation with the London Stock Exchange, we set a date on which our shares will be sold without entitlement to the dividend. This is known as going 'ex-dividend'. Before that date they are said to be 'cum dividend'.
If you buy shares before the ex-dividend date you are entitled to receive the dividend recently announced. If you buy on or after that date, in the ex-dividend period, that dividend is payable to the previous owner.
The dividend is paid to shareholders based on the number of shares held on the share register at the deadline ('record date'). The record date is the day after the ex-dividend date for both ADS holders and ordinary shareholders. If you receive a dividend having recently sold your shares and are unsure whether you are entitled to it, contact the agent who acted on your behalf in the sale. Depending on the terms of the sale, the dividend may be due to the new owner.