Dividends from fractional shares?

Just wondering how dividends will work with fractional shares (for those shares that pay dividends)?

Fractional dividends?

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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!

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Hell knows what that meant. But if there is “Rejoice” at the end, then this got to be damn good! :joy:

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I could take a shot at explaining it, but I reckon this link might be easier.
https://www.willisowen.co.uk/help/equalisation-explained.php

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That helped, thank you.

By the way, still waiting for the transaction settlement blog masterpiece*!

*@Viktor’s definition

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The masterpiece is coming in the next few days! :wink:

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Did this happen @Viktor ? I had a brief search on the blog and here and couldn’t find it.

This is the one

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Thanks.

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That leads to a 404…