National Grid Share Discussion Threads

[pierre oreilly] 04/6/2024 10:55

Why is this so difficult?

xd means without the divi. So if you buy xd, you buy and don't get the divi. If you sell xd then you sell without the divi and the seller gets the divi.

Whether you are on the register or not at that time makes no difference to that. All it means is that the divis are sent to those who are on the register when the register is read. So the divi is sometimes sent to those who aren't entitled to it, and your broker will return it and it's then sent to who is entitled to it (if bought/sold after reg date but before xd date). All invisible to holders - i.e. the reg date is a complete red herring to holders - any admin is handled without you knowing.

Anyhow, loaded up wife's isa with cash to take up our whole rights.

Shame because in my isa I have lots of cash sitting there getting 0 interest.

As an aside, last week someone said that those not taking up the rights gets their rights sold and gets the cash from that sale. Well I would really check up if that is the case. In other rights i've had, if the rights weren't taken then the underwriters simply got them at the cheap price and the rights holder got nothing. I've looked through the prospectus and can't find definitively what happens to untakenup rights, so it's not clear to me what happens. Something about 'best efforts from the underwriters' or something unspecific imv. Anyone know for definite (from the documentation, not feelings in bones)?

[bountyhunter] 03/6/2024 21:55

It's in the header.

[berny3] 03/6/2024 20:38

hope that helps.

[snoopy12] 03/6/2024 20:16

So if you sold on the 6th then technically you are not on the register to receive the dividend.

[laurence llewelyn binliner] 03/6/2024 20:04

#1Carus, same, when complete my 2nd too on a cost basis after ULVR.. :o) I just need to pick up another 15% after the RI post XD for the best prices, might even split that into 2 or 3 it is the average price that matters most and keep them for a decade to mop up the dividends..

But that said pending the recovery speed to GBP 10/11 take a view when we get there, there is always room to top splice if the PF weighting looks or feels uncomfortable and other opportunities come along (just like this has)..

DGE is coming back into the buying zone and has an enviable 24 year record of raising its dividend YoY..

[1carus] 03/6/2024 19:35

LLB, waiting to buy back in after the 6th. It will probably drop a few more pennies than the 37p divi. It will be my second biggest holding.

[gilesy911] 03/6/2024 19:25

Yes I'd hope so, speak to your broker I'm sure it will :)

[lippy4] 03/6/2024 18:32

will the rights issue get the january dividend as a matter of interest,if not how long will it take to get a divi??

[gilesy911] 03/6/2024 17:58

Thank you Viscount1

[viscount1] 03/6/2024 17:55

hxxps://www.hl.co.uk/learn/glossary/dividends#:~:text=Ex%2Ddividend%20date%20%E2%80%93%20in,for%20the%20dividend%20payment.

[gilesy911] 03/6/2024 17:52

I stand corrected Sorry to mess you about... relooked and yes you are right Apologies

[gilesy911] 03/6/2024 17:47

Hi, can you give me a link to what you mentioned as I googled it and saw that you need to be on the register before the XD Date. Three days for the admin. Correct me if I'm wrong. Thank you in advance

[bend1pa] 03/6/2024 17:32

Thanks everyone.

[pierre oreilly] 03/6/2024 17:13

You can buy anytime up to opening on the 6th and you'll get the divi.

The rights shares don't get the 19 jul divi. (but the rights prices and the xd and cd share prices take account of all this).

[cynicalsteve] 03/6/2024 17:12

You get the full dividend for the 'old' shares.
The 'new' shares don't get this dividend but will get subsequent ones.
You can buy up to 4:30pm on the 5th and still get the dividend, the price will fall on the 6th to reflect this (other factors will also move the price up or down). If you buy on the 5th there will some administration required to make sure you get the dividend but this will be invisible to you (unless they make a mess of it).

[gilesy911] 03/6/2024 16:48

You need to have bought today to get the 0.3912 per share dividend as they need to settle +2 and be on the register the evening of 5th JuneDid you buy?

[viscount1] 03/6/2024 16:08

You get the full dividend.

[bend1pa] 03/6/2024 16:04

Just to clarify, re. the final div of 39.12p (which goes ex-div on 6 June), if I bought NG shares today, do I get the full div, or is it adjusted down for the rights issue? Ie are the rights shares entitled to this div?

[philanderer] 03/6/2024 14:36

Work starts on National Grid substation that will help power Sunderland’s new gigafactories

[shalder] 03/6/2024 14:22

Is the spectacle of Starmer talking up the importance of defence forces anything to do with the need to protect all these windmills from marauding Spanish conquistadors?

[laurence llewelyn binliner] 03/6/2024 11:57

#1Carcus, how many Watts do you want.. :o)Long term gains to be had here, buy the RI, add more, offset costs with dividends received, review in a decade and own them for next to nothing..