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So you could buy today and sell tomorrow (Thursday 21) and pick up the dividend, am I right?
Or wait until they pay out the dividend and the share price goes down...
?
It is not this div is important rather the enormous special dividend that will possibly be paid later this year with the expected proceeds of far east sale? 5 Billion to be shared?
Is it still possible to qualify for the special dividend payment if you buy Tesco's shares from today or is it too late.
It would be inequitable if it were the case (not paid), if you buy today, the stock includes a share of the S.E. Asian business therefore once this arm is sold you will (should) be paid your "share" of the proceeds.
RedArrow
Yes, the ex dividend date of today is for the normal, run of the mill, dividend. If you bought TSCO today then you would not get the ordinary dividend. You won't be out of pocket because the ordinary share will be reduced broadly by the amount of the ordinary dividend so existing shareholders and you will be in exactly the same boat valuewise.
The special dividend (yummy) is a separate issue and really will be a game changer assuming the Asian regulators give the go ahead (no reason why they shouldn't, it isn't a contentious deal). The 50p special dividend will return a chunk to the shareholders and will, at the time, reduce the value of each share by the same amount roughly. It does this because the assets of the business will go down. I don't expect it to be down for long because a large chunk of the remainder will deal with the company pension scheme issues. That will certainly remove a millstone from the neck of the company. In many respects, I see this as the big plus point of the Asian deal.
just a quick question. Are Dividends counted the same way for tax if you had the CASH sent to your bank account or the Dividend was reinvested into the Company ? I assume that it is as it is a gain.
Is it in an ISA?
I have some in and some not in an ISA
Check out HMRC website for non ISA i think there is an annual allowance
Check out HMRC website for non ISA i think there is an annual allowance
In all instances, dividends are treated as income. However, there is a difference in how they are treated for tax purposes. If in an ISA then dividends, I whatever form, are generally not taxed. Dividends outside of an ISA are not taxed if they fall within any spare personal allowance. Outside of the personal limit there is a tax free band of £2,000. Exceed that and you will be taxed.
at least the dividend tax is 7.5% for basic rate tax payers if you do have to pay it , for those who have a lot of shares.
On reflection, I am going to have to raise this internally. There may be a number of long term colleagues with more than 4,000 shares. Any in excess will be taxed and I don't think most will be aware of this. Also the subsequent consolidation, most will certainly not know about this. I will try to get a briefing note raised so colleagues will have a chance to transfer into an ISA.
Certainly one of the nicer problems to have when investing, How to best avoid paying TAX on any profits, ISA, ISA ISA is the first thing id do if I hadnt got one already, SIPPS another tax haven not for every one but some will benefit from using its advantages,