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SAMPATH BANK PLC (SAMP.N0000)

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301SAMPATH BANK PLC (SAMP.N0000) - Page 13 Empty Will Sampath pay the dividend as agreed? Wed May 20, 2020 11:48 am

hettdas


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

My concern is "Will Sampath pay the dividend as agreed"?
AGM date is 2nd June. Will they get share holder approval to pay dividend ?
Otherwise what will happen to the share?

302SAMPATH BANK PLC (SAMP.N0000) - Page 13 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Wed May 20, 2020 1:58 pm

Antonym


Vice President - Equity Analytics
Vice President - Equity Analytics

hettdas wrote:My concern is "Will Sampath pay the dividend as agreed"?
AGM date is 2nd June. Will they get share holder approval to pay dividend ?
Otherwise what will happen to the share?
On June 2nd, SAMP shareholders are likely to approve the dividend that has been announced. The item is listed in the Agenda. I don't think there would be anyone who would vote against it.

Only CBSL can play spoilsport by coercing the Board of Directors to amend or cancel the dividend - but isn't it a bit too late for that?

303SAMPATH BANK PLC (SAMP.N0000) - Page 13 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Wed May 20, 2020 2:03 pm

ColomboCSE


Manager - Equity Analytics
Manager - Equity Analytics

Yes @Antonym correct. in Addition i hope according to CBSL they will not pay any dividend for 2020 financial year, even if they have good profit 2020

304SAMPATH BANK PLC (SAMP.N0000) - Page 13 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Wed May 20, 2020 10:42 pm

ronstyn53


Equity Analytic
Equity Analytic

The CBSL directive only mentions cash dividends. Banks can still declare script dividends.

305SAMPATH BANK PLC (SAMP.N0000) - Page 13 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Thu May 21, 2020 10:30 am

Teller


Moderator
Moderator

These type of influences will kill the market. This is not the way. Suspension of dividends are not ethical even no logic. This will accelerate foreigner sells also influence to foreign buying.

306SAMPATH BANK PLC (SAMP.N0000) - Page 13 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Thu May 21, 2020 10:41 am

jaya


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Law cannot to be retrospective.

307SAMPATH BANK PLC (SAMP.N0000) - Page 13 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Thu May 21, 2020 12:21 pm

lbnnirmal

lbnnirmal
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Company has already declared the dividend so I believe there is no issue on that.

http://www.investorwords.com/15332/declared_dividend.html

What Is Declaring a Dividend?

Companies often payout a portion of its profits as dividends to the shareholders. Dividend payouts are a way to provide shareholders with a return on their investment. The board of directors issues a declaration stating how much will be paid out and over what timeframe. This declaration implies a liability for the dividend payments. The declaration date is the first of four important dates in the dividend payout process.

KEY TAKEAWAYS


  • The board of directors issues the declaration stating how much will be paid out in dividends to shareholders and over what timeframe.
  • The declaration date is the first of four important dates in the dividend payout process.
  • The three remaining key dates are the ex-date, the record date, and the payment date.

308SAMPATH BANK PLC (SAMP.N0000) - Page 13 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Sun May 24, 2020 4:39 pm

SUSPENS

SUSPENS
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

what will happen on dividend date ....will share price go down by 11 - 12 ..or

309SAMPATH BANK PLC (SAMP.N0000) - Page 13 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Sun May 24, 2020 6:24 pm

Antonym

Antonym
Vice President - Equity Analytics
Vice President - Equity Analytics

SUSPENS wrote:what will happen on dividend date ....will share price go down by 11 - 12 ..or
I expect that, when SAMP starts trading XD on June 3rd, the price would adjust downward by about Rs 12 from the previous day's closing level. This is because the seller would have earned the dividend, and the buyer would be buying the share without the dividend (ex-dividend).

310SAMPATH BANK PLC (SAMP.N0000) - Page 13 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Sun May 24, 2020 6:43 pm

lbnnirmal

lbnnirmal
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Yes definitely we could see price drop on XD but only concern would be how much would it go on upward trend. There is high chance of continue this positive move until XD and might be able to see that price drop.
Personally I believe it would be recover soon with positive movement.

311SAMPATH BANK PLC (SAMP.N0000) - Page 13 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Sun May 24, 2020 9:01 pm

cseguide

cseguide
Vice President - Equity Analytics
Vice President - Equity Analytics

lbnnirmal wrote:Yes definitely we could see price drop on XD but only concern would be how much would it go on upward trend. There is high chance of continue this positive move until XD and might be able to see that price drop.
Personally I believe it would be recover soon with positive movement.
If the market is upward/bull this 12 drop will only last for a very little period and come back to before xd price very soon.

312SAMPATH BANK PLC (SAMP.N0000) - Page 13 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Sun May 24, 2020 9:19 pm

chathura123


Manager - Equity Analytics
Manager - Equity Analytics

Except good stocks .market will not have upward momentum .

313SAMPATH BANK PLC (SAMP.N0000) - Page 13 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Sun May 24, 2020 9:27 pm

lbnnirmal

lbnnirmal
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

cseguide wrote:
lbnnirmal wrote:Yes definitely we could see price drop on XD but only concern would be how much would it go on upward trend. There is high chance of continue this positive move until XD and might be able to see that price drop.
Personally I believe it would be recover soon with positive movement.
If the market is upward/bull this 12 drop will only last for a very little period and come back to before xd price very soon.

Exactly most of long term investors will take this opportunity to grab some valuable stocks in cheep prices.

314SAMPATH BANK PLC (SAMP.N0000) - Page 13 Empty sampath dividend Wed Jun 03, 2020 11:16 am

Junior investor

Junior investor
Manager - Equity Analytics
Manager - Equity Analytics

share holders approved the dividend payment of sampath bank. payment date is 12th June.

https://cdn.cse.lk/cmt/announcement_portal_prod/Letter%20to%20CSE%20-%20AGM%202020%20AGM%20Resolution%20Approval_1876240917324204.pdf

315SAMPATH BANK PLC (SAMP.N0000) - Page 13 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Wed Jun 03, 2020 11:48 am

heshan1997


Equity Analytic
Equity Analytic

cheers

316SAMPATH BANK PLC (SAMP.N0000) - Page 13 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Mon Jun 08, 2020 5:36 pm

Junior investor

Junior investor
Manager - Equity Analytics
Manager - Equity Analytics

have received sampath dividend yet? they transferred it to my sampath bank account today.

317SAMPATH BANK PLC (SAMP.N0000) - Page 13 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Mon Jun 08, 2020 5:45 pm

Antonym

Antonym
Vice President - Equity Analytics
Vice President - Equity Analytics

Junior investor wrote:have received sampath dividend yet? they transferred it to my sampath bank account today.

That's early! Payment date was supposed to be June 12th.

I have not yet received SAMP dividend, probably because my account is with another bank.

318SAMPATH BANK PLC (SAMP.N0000) - Page 13 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Mon Jun 08, 2020 5:54 pm

xhunter

xhunter
Moderator
Moderator

Antonym wrote:
Junior investor wrote:have received sampath dividend yet? they transferred it to my sampath bank account today.

That's early! Payment date was supposed to be June 12th.

I have not yet received SAMP dividend, probably because my account is with another bank.
but today it was transferred to my account

SAMPATH BANK PLC (SAMP.N0000) - Page 13 GUAAAAASUVORK5CYII=

319SAMPATH BANK PLC (SAMP.N0000) - Page 13 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Mon Jun 08, 2020 7:07 pm

heshan1997


Equity Analytic
Equity Analytic

I got mine in the evening (5.35PM to be exact). BTW im a Sampath account holder so maybe thats why

320SAMPATH BANK PLC (SAMP.N0000) - Page 13 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Tue Jun 09, 2020 7:33 am

engineer


Manager - Equity Analytics
Manager - Equity Analytics

I too got my samp dividend yesterday again to a sampath bank account

321SAMPATH BANK PLC (SAMP.N0000) - Page 13 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Tue Jun 09, 2020 7:34 am

engineer


Manager - Equity Analytics
Manager - Equity Analytics

oh by the way do they issue a special ID for the shareholders? I heard this from few people online but failed to find any source from the bank

322SAMPATH BANK PLC (SAMP.N0000) - Page 13 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Tue Jun 09, 2020 2:07 pm

heshan1997


Equity Analytic
Equity Analytic

engineer wrote:oh by the way do they issue a special ID for the shareholders? I heard this from few people online but failed to find any source from the bank
they gave me a shareholder identification card last year. i dont know its core purpose but its cool to have it.  sunny sunny sunny

323SAMPATH BANK PLC (SAMP.N0000) - Page 13 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Tue Jun 09, 2020 2:26 pm

engineer


Manager - Equity Analytics
Manager - Equity Analytics

Oh right, priority queue someday then Razz

324SAMPATH BANK PLC (SAMP.N0000) - Page 13 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Tue Jun 09, 2020 7:50 pm

M S L DIAS


Equity Analytic
Equity Analytic

Yesterday some got the samp dividends, but I haven't given my account number when I was creating the Cds account but I gave my account details today.. Am I still entitled to get the dividend payment??

325SAMPATH BANK PLC (SAMP.N0000) - Page 13 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Tue Jun 09, 2020 7:57 pm

SUSPENS

SUSPENS
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

M S L DIAS wrote:Yesterday some got the samp dividends, but I haven't given my account number when I was creating the Cds account but I gave my account details today.. Am I still entitled to get the dividend payment??
its gone to brokers personal account.. Smile Smile Smile Smile

326SAMPATH BANK PLC (SAMP.N0000) - Page 13 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Tue Jun 09, 2020 8:11 pm

bhanu


Manager - Equity Analytics
Manager - Equity Analytics

They will send it by a cheque..

327SAMPATH BANK PLC (SAMP.N0000) - Page 13 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Tue Jun 16, 2020 3:32 pm

NalakaDK


Stock Trader

Did anyone got the SAMP dividend as cheque ? Based on their notification payment date was at 12 JUNE. Normally how long will it take to receive cheque ?

328SAMPATH BANK PLC (SAMP.N0000) - Page 13 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Tue Jun 16, 2020 5:45 pm

engineer


Manager - Equity Analytics
Manager - Equity Analytics

I saw another thread where someone has not received the dividend cheque of sampath bank. May be its common since snail mail is still clearing the past lots

329SAMPATH BANK PLC (SAMP.N0000) - Page 13 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Wed Jun 17, 2020 2:58 pm

Nicerider1978


Stock Analytic
Stock Analytic

I usually get my dividends deposited in to my bank account. Can i expect same with SAMP or i will get a cheque from SAMP? Can anyone please reply?

330SAMPATH BANK PLC (SAMP.N0000) - Page 13 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Wed Jun 17, 2020 3:24 pm

Junior investor

Junior investor
Manager - Equity Analytics
Manager - Equity Analytics

if you have given sampath bank account as your first option then sampath bank transfers it to your account.

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