Posts Tagged ‘ex-dividend’

I should put a list with all FTSE 100 ex-dividend but untill then here is Tesco:
Ex-dividend date interim 14 October 2009
Record date interim 16 October 2009
Interim dividend paid December 2009

I woke up today opened my web browser at 8:00 and saw Tesco down by 3%. I thought to my self what happened today? the FTSE 100 is up, the sun is in the sky so why the hell Tesco is down?

Then I rememebr, it is the 29/04 – Tesco’s ex-dividend date. On this day shares are going down to offest the dividend. This is the way the market works and you always need to know your share ex-dividend date!

And because I bought Tesco using spread betting for June, the dividend was already in the price, so my Tesco position didn’t go down much today.

Share magazine has published a nice strategy of gaining small profit by buy share on its last day of ex-dividend and sell it the morning after. By this method on average you gain 0.5% profit. Not a lot but when you do it several time using leverage it is very profitable.

Here is a great list with all the FTSE 350 ex-dividend list.