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new trader ? on dividends     

jph321 - 15 Aug 2003 10:03

am i right in thinking that when dividends are paid net that basic rate tax has already been deducted.

eg. veridian goes ex dividend next week. share price at moment is 558.00, dividend paid is 23.38(net).

based on 1000 shares, taking into account dealing costs and stamp duty if the share price took less than an 18p drop after next wed you would still be in profit.

jph321 - 15 Aug 2003 10:58 - 3 of 3

thanks for your reply. you are very helpfull.

i noticed that it looks like shares only go ex div on a wednesday
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