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Ex-dividend date : 7.7 pence per ordinary share

04 Dec 2017, 20:41

So after the 8th of Dec.The company is worth 7.7p less per share.
In theory the share price should open 7.7p down per share on the 9th of Dec.

Our Board has declared an interim dividend for 2017-18 of 7.7 pence per ordinary share, for shareholders on the register on 8 December 2017.

Today is the first day that anyone can purchase a Royal Mail share, and not receive the interim dividend payment for 2017-18.

Why is the ex-dividend date important?

Typically, a company's share price will start trading at a lower price on its ex-dividend date. All other things being equal, the difference in the share price is normally approximately the value of the dividend payment. This is because anyone buying the shares from that point would not receive that dividend payment.

Of course, there are many other factors that can impact a company's share price. It is ultimately decided by the stock market. The share price reflects the market's view of the business, its prospects and general market conditions. It is important to remember that the price and value of any shares can go down as well as up, depending on demand for the shares.

Demand can be influenced by a number of factors, including market demand, the company's performance and what is called 'sentiment' – what people believe or expect will happen in the future.

Royal Mail share price

You can see our share price every day the stock market is open. You can see it on, on screens in your workplace, and in certain newspapers.

On our websites, the share price will update every 15 minutes when the stock market is open and will show the closing price of the previous trading day when the stock market is closed. It will not reflect the current market price and should not be used to make any investment decisions.

Dividend payment date

The Royal Mail interim dividend for 2017-18 will be paid on 10 January 2018.

Ex-dividend date

04 Dec 2017, 20:57

There is a significant difference between intrinsic value and market value. Intrinsic value is an estimate of the actual true value of a company. Market value is the value of a company as reflected by the company's stock price. Therefore, market value may be significantly higher or lower than the intrinsic value.

Ex-dividend date

06 Dec 2017, 00:45

Kodal wrote:So after the 8th of Dec.The company is worth 7.7p less per share.
In theory the share price should open 7.7p down per share on the 9th of Dec.

In theory. But the company is not worth less, as it will have just paid-out (a distribution of it's capital) a dividend to shareholders.
The current board and CEO could be considered worthless. But I couldn't possibly comment!

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