Frequently Asked Questions

Do I qualify for a dividend, and when will it be paid?

To qualify for a dividend payment you must be the owner of shares at the close of business on the working day before the ex dividend date. Please note that different criteria apply for Gilt interest qualification.

For example if the ex dividend date is 9th June:

• You would qualify if you buy/bought shares on or before the 8th June and did not sell before close of business on the 8th.
• You will not qualify if you buy/bought shares on or after the 9th June.
• As long as you buy/bought shares on the 8th or before then you can sell the shares on the ex dividend date and still qualify for a dividend.

If you hold your shares as a certificate you may find that you are asked to repay a dividend that you have received. This is because when you hold shares as certificates the registrars will pay a dividend based on a shareholder list on the 'record date'. This is normally a few days after the ex-dividend date. If you purchase share certificates between the ex-date and the record date you will be paid a dividend even though you do not qualify for one.