nwb just to confirm my ii ISA deducts at 15%, same as our ii Trading accounts. |
I’m not sure if the WHT is deducted before or after it credits Lloyds in your case (I assume before) but I’d strongly recommend moving PTAL from all Uk bank ISA’s as I don’t think they can offer the reduced 15% rate to users.
Would stick with using non bank broker accounts (trading212/HL/ii etc) as there you can sign the W8 form to allow you to reclaim some of that WHT. |
Lloyds, Barclays etc hopeless all you can do is to move your account.
AJ Bell and iDealing are fine for dividend with the 15%deduction. |
Can someone help on with-holding tax calculations. I hold PTAL in an ii share trading account, and a Lloyds (HSDL) ISA. ii take 15% with-holding tax from the dividends, but Lloyds take 25%. I have asked Lloyds about this, but they insist the tax is deducted before the dividend reaches them at 25%. |
Righto, some more concrete information straight from the London Stock Exchange!
'The record date should normally be a Friday....the associated ex date falls one business day earlier'
So all normal dividends have a record date of Friday, and ex-div is the previous working day.
The dividend table / template on the final page confirms that any dividends with a record date Friday 29th Nov had an ex-div date Thursday 28th.
I'm not going to bang on about it - makes absolutely no difference! Just wish I'd been on the ball first thing on Thurs 28th - I was 99% sure, but not 100% certain, it was ex-div. Now I'm 100% for next time the MMs forget! |
Ah good spot Specto! So if Thursday is a bank holiday the ex-div date is rolled back to the last trading day before then. Record date still next Friday.
I wonder what happens on bank holiday Fridays? Will have a look for what would normally be record dates on Friday of Easter weekend ........
Still, PTAL messed up their dates. It was a Thursday ex-div. And MMs messed up by not marking it down 1p-1.25p. |
Well, there's quite a few next Tuesday :) BT, RLE, TAVI, SDP..
But in general, they're rare but do sometimes happen, often when there's a dual listing elsewhere & they want to have the XD on the same day. |
That's correct wolf - the record date is a day after the ex-div date. Trades 48 and 49 were my buys today - dividend reinvested and a bit more - it can't go too much lower from here!
Specto - find me a UK listed share where a regular dividend wasn't marked ex-div on a Thursday. I haven't seen one yet. It did take me years to notice - and only then after someone pointed out the fact to me. |
on 14th Nov, they had ex div date of 28th Nov and record date of 29th Nov.
on 15th Nov, they issued an RNS to say ex div has been changed to 29th Nov.
today on 16th Dec, the RNS only mentions record date of 29th Nov matching all previous RNS's.
@Bozzy, you are saying that its impossible for record date and div date to be same date?
Solution: Hold the invoice and reinvest div back into the stock :D |
I know it's probably just a few hundred pounds per RNS, but PTAL haven't covered themselves in glory with this latest dividend announcement. The 1st RNS was correct (ex-div 28th Nov, record date 29th Nov). They then issued a 2nd RNS with the wrong ex-div date.
And today they've had to issue a 3rd RNS which hasn't fully corrected the 2nd one, but just confirms the original was correct (record date 29th Nov, which means ex-div must have been 28th Nov - they could've added this for clarity).
Ex-div is always a Thursday for normal dividend payments. The rare exceptions occur with returns of capital, and very very rarely for special dividends. |
ii slow in crediting the dividend today - not received as of 13.30
This is me: yes that's spot on. 1.5c = approx 1.18p. Minus 15% withholding tax = 1.003p.
Four times a year = 12.12% yield after withholding tax is taken. |
Mine arri8ved OK. I was credited with almost exactly 1p a share in my ISA from a dividend of 1.5 US cents. what did the rest of you get? |
Dividend in at idealing |
Little buying appetite across all my oil stocks and has been this way for a good few months now. It hurts but I continue to add to my oil stocks as and when I can, PTAL, AXL and AET. |
Haven’t received the divi in HL yet but surprised that the share price continues to drop on no news. |
chart - bottom out
went bellow 200 mda on a long term W |
I would add country risk too.
PIs just need to be patient but a lot can’t cope with doing nothing, just sitting on hands. |
Ptal has a lot of cash in the bank, but over the next few quarters that is going to tail off quite sharply. The falling oil price means the company has to shift a lot more barrels to compensate, which it is doing. Fast forward a year from now, and investors should be rewarded, but even a fairly secure 11% yield isn't tempting punters, which I get as there are risks here, however well managed it is. |
Thx for the correction, you are right. :) Still very high yield... |
The dividend is 6 cents, not pence? Plus there's then 15% witholding tax so it works out around 11% yield at the moment, I think?Agree with your other points though. Very undervalued, like many other O&G stocks in my portfolio unfortunately! |
I dont get the share price reaction... Deal done, we drop another 2p... Ptal is on record production. Ok, revenue wont climb higher as the oil price is lower than before, but isnt the OUTLOOK outstanding? On top of that 6p divi a year. Thats 17% at current shareprice!? |
Average of 21094 bopd for November up to 28th, keep it around this level for December and the average for Q4 would be approx 19000 bopd. That's above forecast pity regarding the oil price, but I can keep taking the 13% divi until value outs. |
Opened unchanged yesterday. Some on-the-ball shareholders sold between 8 and 8.30, causing a small tick down. They'll get the dividend. MMs clean forgot! |
I think they wrongly marked it down yesterday (few information providers had seen the correction to the XD date), hence no further fall today. Mind you, that marking-down was only a narrowing downwards of the spread.
Seems pretty cheap here to me. |
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