DIVIDEND ANNOUNCEMENT - RICH - [More information]

ABEST wrote:RICHARD PIERIS AND COMPANY PLC
Company ID: - RICH
Date of Announcement: - 25.Nov. 2011
Rate of Dividend: - Rs. 0.40 per share / Interim Dividend
Financial Year: - 2011/2012
XD: - 06.Dec.2011
Payment: - 15.Dec.2011
Share Transfer Book Open

if you buy or hold RICH on 05.12.2011(end of trading hour) you can get dividend, if you buy on XD date you can not get dividend(morning of XD date),

panuradha wrote:

ABEST wrote:RICHARD PIERIS AND COMPANY PLC
Company ID: - RICH
Date of Announcement: - 25.Nov. 2011
Rate of Dividend: - Rs. 0.40 per share / Interim Dividend
Financial Year: - 2011/2012
XD: - 06.Dec.2011
Payment: - 15.Dec.2011
Share Transfer Book Open

if you buy or hold RICH on 05.12.2011(end of trading hour) you can get dividend, if you buy on XD date you can not get dividend(morning of XD date),

Thanks for the view. are they transfer dividend amount to my CDS account or what is the procedure of that process ?

Kithsiri wrote:What you get in return is little over 4%.
Is it worth in the short run?

Kithsiri wrote:Almost 11%.
Not bad, but the risk is high compare to FD.

sriranga wrote:

Kithsiri wrote:Almost 11%.
Not bad, but the risk is high compare to FD.

1000 times agreed. High risk.
But if we think about capital gain
Market price on 25/11/2011 Rs.8.60
15 shares after split value on 25/11/2011 Rs. 129.00
Capital gain 129 -55= 74
Please note I'm not holding RICH.
Just to see the impact of long term investment I'm keeping all the records.

panuradha wrote:

ABEST wrote:RICHARD PIERIS AND COMPANY PLC
Company ID: - RICH
Date of Announcement: - 25.Nov. 2011
Rate of Dividend: - Rs. 0.40 per share / Interim Dividend
Financial Year: - 2011/2012
XD: - 06.Dec.2011
Payment: - 15.Dec.2011
Share Transfer Book Open

if you buy or hold RICH on 05.12.2011(end of trading hour) you can get dividend, if you buy on XD date you can not get dividend(morning of XD date),

Thanks for the view. are they transfer dividend amount to my CDS account or what is the procedure of that process ?

kasper wrote:
you can make a request through your broker to transfer dividend amount to your bank a/c , but not to your CDS a/c.

xhora wrote:

kasper wrote:
you can make a request through your broker to transfer dividend amount to your bank a/c , but not to your CDS a/c.

CDC accounts don't hold money its only for Shares. Money you send to the broker is with the brokers trading account.

For you question, Yes you can have dividends directly send to your bank. For that you have to submit a written request to the CDS through your broker.

sriranga wrote:@panuradha

If you don't mind, my humble request is please go through the ces website - glossary, you can find more info.



@ssuni &abset
Thanks a lot for sharing the info.
I really appreciate.

Nuwan05 wrote:What is the different between Normal shares and XD shares? Please explain?

ssuni wrote:

Nuwan05 wrote:What is the different between Normal shares and XD shares? Please explain?

XD means that though u bought these shares u aren't entitled for dividened or rights or what ever company means..

nk wrote:

sriranga wrote:@panuradha

If you don't mind, my humble request is please go through the ces website - glossary, you can find more info.



@ssuni &abset
Thanks a lot for sharing the info.
I really appreciate.

thank you for ur info

Nuwan05 wrote:

ssuni wrote:

Nuwan05 wrote:What is the different between Normal shares and XD shares? Please explain?

XD means that though u bought these shares u aren't entitled for dividened or rights or what ever company means..

Thank you very much for the info.

Can u tell me what is the use of buying XD shares if shareholder is not entitled for dividends

kasper wrote:

Nuwan05 wrote:

ssuni wrote:

Nuwan05 wrote:What is the different between Normal shares and XD shares? Please explain?

XD means that though u bought these shares u aren't entitled for dividened or rights or what ever company means..

Thank you very much for the info.

Can u tell me what is the use of buying XD shares if shareholder is not entitled for dividends

I think you misunderstand the scenario. the return you get for your investment in shares is dividend. when a company declare a dividend they should come up with a time frame. if you buy a share before XD- ex date you are entitled to the dividend.