RE: Shares from dividend7 May 2022 16:22
Scrip issue also involves no tax on dividends as you don't get any.
In reference to them being based on exdivided price, that maybe correct for some companies but not all. Sequoia is based on an average over period of ..... can't remember.
Also scrip doesn't appear possible if you own them in Broker account. At least not with Hargreaves Lansdowne
I think you would have to ask for paper certificate to take part in scrip issue at least with Hargreaves Lansdowne.