Seniors Money is to sell 9.4% Heartland stake when escrow lifts
http://www.nbr.co.nz/article/seniors...ifts-bd-162489
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Seniors Money is to sell 9.4% Heartland stake when escrow lifts
http://www.nbr.co.nz/article/seniors...ifts-bd-162489
Thanks for the link.
Been a great deal for both parties.
Seniors will receive this final dividend, and next year's interim dividend, before they can sell in April 2015.
I think most investors in HNZ have expected this "overhang" to have held back HNZ's share price,but the recent strong surge seems to have proved us wrong.
I note ANZ Securities are this morning showing HNZ as XD.[ex dividend].
Would it be the date listed on NZX? the 3rd of October? See Link: https://www.nzx.com/markets/NZSX/sec.../HNZ/dividends
The Heartland announcement on 25th August;Heartland Full year profit of $36mil on NZX site ,stated
Record date 19th Setember,dividend payment 3rd October.
I did not know the ex date,however Roger did post it.
Guys, just a reminder that whenever you see the record date mentioned in a company announcement, track back 3 working days and because all trades are executed on the NZX on a T + 3 basis the last date you can buy a share cum dividend is always 3 working days before the record date and it follows that two working days before the record date is the ex divvy day.
Rule of thumb: (I haven't actually checked, but then I haven't won a Pullitzer for investigative journalism)
Record dates are usually Fridays
Shares are Cum Dividend until the end of trading on the date which is 3 days prior to the Record date. So shares begin trading Ex Divi from opening 2 days before the Record Date
HNZ was CD yesterday, EX today
and wot roger said too!
If you use Direct/ANZ securities all the required info is on their Diary page.
Click on NZ/AU Markets under trading menu and select NZXDiary adjustment from sub menu.
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