Just remember those PIR and income tax rates quoted in the article have reduced.
Printable View
Seems to be high volume of turnover in LPTs today. Most over 1 mill. with KPG over 4 mill. Interesting.
I think LTP dividends are paid about this time, so one would expect a small drop in price due to this
How many are there who buy for the dividend then resell taking a chance the price not dropping?
called dividend stripping.
They do pay about now, but PFI and PCT have already paid. I think a couple of the others have past the record date, so no div benefit to buyers. KPG is the big volume seller and a good dividend as they pay only 6 monthly, but their payment is due on 17th (Saturday - tomorrow? according to website) so must be past record date as well.
Gmt record date was yesterday, so anyone who wanted to sell would be doing it now.
7th GMT was Cum Div - closed at $1.350
8th GMT was ExDiv - closed at $1.335 [down 1.5c]
Div was 1.6625cps + extras
Best Wishes
Paper Tiger
Giday...re Recent fall in some LPT...partiicuarilly PFI...I would appreciate if someone could explain why the entity DNZ...managed by Stride...? who I have never heard of till yesterday..has so much ..seemingly ...attraction...to attract investors...away from (arguably the best performing LPT over the past 18 years).....given the lambasting...even ridiculing ...of this new entity..by a respected commentator T Hunter.....just saying troy