RE: An informed view???1 Mar 2021 12:46
If you buy shares you have to understand that they can go down. Just because you have more shares it does not mean you have more money. Most companies share price drops after a dividend payment as the market understands where the money has come from. If you’ve bought back recently then you have obviously bought more shares at a lower price.
However, this was dressed up as a huge payout to shareholders and I can understand why people are upset and confused.
Maybe Tesco expected more to reinvest their divi a d not take the cash?