UnThreaded | Threaded | Whole Thread (7) | Ignore Thread Prev | Next
Author: Gengulphus Big funky green star, 20000 posts Top Favorite Fools Top Recommended Fools Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 70454  
Subject: Re: Rentokil resumes payouts-- modestly Date: 02/03/2012 14:04
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 3
As I said on the RTO board:-

As an aside, if the xd date is Thursday 10th May, the record date is presumably Monday 14th May (the usual 2 working days after the xd date), and payment is scheduled for the day after - on Tuesday 15th May. That seems jolly efficient to me - why can't all companies be this good?


The announcement says that the dividend will be paid to shareholders "on the register" on May 10th - that's a description of the record date, not the xd date. So it would imply that the xd date is two days earlier, on May 8th.

It's not very believable, though, because xd dates are just about always arranged to be Wednesdays - the only common exception is when the Wednesday is a bank holiday, which only occurs for the Christmas, Boxing Day and New Year bank holidays.

So, suspecting an error, I checked the company's RNS announcements and found that they'd corrected the error - see http://www.investegate.co.uk/Article.aspx?id=201203021137205... . The record date is in fact Tuesday 10th April; due to the Good Friday and Easter Monday bank holidays, the ex-dividend date two working days earlier is Wednesday 4th April. So I'm afraid they haven't become "jolly efficient" after all...

Gengulphus
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (7) | Ignore Thread Prev | Next

Announcements

Which Fool Service Is Right For Me?
A guide to our three investing newsletter services here at The Motley Fool.
The Motley Fool Share Dealing Service

Don't let your gains get eaten up by percentage fees: our flat-fee share dealing service provides low-cost trading through ordinary dealing accounts, ISAs or SIPPs for just £20 a quarter - and that even includes your first 2 trades. Annual SIPP admin is just £80 + VAT.

Trade UK and international shares, funds, ETFs and ITs for £10: discounted rates for frequent traders and regular investment.

Click here to open or transfer an account

Motley Fool Share Dealing is an execution-only service and does not give investment advice. Investing is not without risk: share prices go down as well as up and you may get back less than you invest. The Motley Fool is an Introducer Appointed Representative of the service providers, Interactive Investor Trading Limited.