BHP goes “ex-dividend” on March 4, which means anyone who purchases the shares on or after that date will not receive the interim dividend of $ 1.01.
A dividend is your share of a company’s profits while “interim” means it relates to the first half of the year.
A “final” dividend is paid after the second half of the year. Note that stock prices often drop on the ex-dividend date to counter the dividend payment.
My mother is 91 years old and holds more over $ 1.4 million in stocks, from which the dividends are used to cover the costs of his nursing home. Most of the shares were purchased after the introduction of the Capital Gains Tax (CGT) in 1985 and many of them have significant CGT liabilities. When she…
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