Obviously I monitor them as month by month receipts into my portfolio but, I'm still running with this idea of monitoring the pipeline so thought I should start by seeing exactly whats in the pipeline.
As briefly referenced, in theory having gone ex dividend, a chunk of a company's capital has been sliced off its share price equivalent to the dividend, therefore trading ex. dividend, but until the dividend is actually paid out, it isn't in either the company's share price, or the shareholders account.
So looking at my portfolio, this is the current window
Dps | Ex Div. | Paid | |
GE | 12.72p | 19-Feb | 27-Apr |
BAT | 100.60p | 19-Mar | 07-May |
Aviva | 12.25p | 08-Apr | 15-May |
Verizon Comm. | 30.79p | 08-Apr | 01-May |
Banco Santander | 8.70p | 14-Apr | 04-May |
BAE | 12.30p | 16-Apr | 01-Jun |
Barratt Dev. | 4.80p | 23-Apr | 22-May |
Rolls-Royce | 14.10p | 23-Apr | 01-Jul |
Centrica | 8.40p | 30-Apr | 25-Jun |
William Hill | 8.20p | 30-Apr | 05-Jun |
Apple | 27.90p | 07-May | 14-May |
BP | $0.10 est. | 07-May | 19-Jun |
Microsoft | $0.31 est. | 19-May | 11-Jun |
Imperial Tob. | 21.40p | 28-May | 30-Jun |
National Grid | 27.54p est | 04-Jun | |
Vodafone | 7.62p | 11-Jun | 05-Aug |
National Grid is based on last year's, as it hasn't yet been declared as results aren't due to be announced until the 21 May.
BP's currently shows in USD, as does Microsoft so they are subject to the exchange rate. The latter also being subject to US withholding tax.
Interesting to see how long some companies take to make the actual payment after the XD date.
Apple has been exceptionally quick, but most seem to be spanning a month, although BAE seem to be around 6 weeks, Vodafone 8 weeks, and (just noticed), Rolls-Royce on 9 weeks!).
But this doesn't show how close the XD date is to the results announcement or even the link to the company's year-end.
Its just an interesting question as to whether delays or lengthy timescales for year-end to results to XD to payment, are used to the advantage of companies and their cashflow?
But that's a tangent, and the goal here is to see the pipeline of dividends, and if needed, to understand how much "cash" is due but not yet in my portfolio, a hidden value.
In this case, BAT, Aviva, Verizon, Banco, and Apple have paid out and it should be in my account.
But Barratt, BAE, Rolls-Royce, Centrica, William Hill, BP and Microsoft are all trading with XD share prices, affecting my portfolio, but I'm not yet looking at the complete picture as the dividends have not yet been paid to complete the circle.
If nothing else it shows me that the wheels are still turning as we move into the middle third of the year.
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