Just wondering how dividends will work with fractional shares (for those shares that pay dividends)?
Fractional dividends?
Just wondering how dividends will work with fractional shares (for those shares that pay dividends)?
Fractional dividends?
Correct. When you buy other unitised assets (say, mutual funds/OEICs/unit trusts) your distribution is based on your holding down to the Nth decimal place. Same here. If a dividend is £1 per share and you have 0.5 shares you’ll get 50p. Unlike units trusts we won’t have to get caught up with Group 1 and 2 unit distinction and the dreaded ‘equalisation’ calculation on dividends! Rejoice!
Hell knows what that meant. But if there is “Rejoice” at the end, then this got to be damn good!
I could take a shot at explaining it, but I reckon this link might be easier.
That helped, thank you.
By the way, still waiting for the transaction settlement blog masterpiece*!
*@Viktor’s definition
The masterpiece is coming in the next few days!
Thanks.
That leads to a 404…