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Dividend of 250c, while trading at 480c?

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TheInvestor
Contributor
7 REPLIES 7
BlueDolphin
Frequent Contributor
TheInvestor
Contributor
SENS: "The Group is pleased to announce the declaration of a final gross cash dividend of 250 cents (212.50 cents net of dividend withholding tax)per ordinary share for the year ended 27 December 2014." Also think it may be a typo. It was 25c for FY13.
Not applicable
SimonPB
Valued Contributor
it is 250c but they winding down the business and it won't exist shortly enough
Russ
Super Contributor
So the share price will drop about 250c after the LDT?
SimonPB
Valued Contributor
likely more and net effect is one typically receives less than share price during winding up, all those costs
DaMerlin
Contributor
It would, but I expect it will still rise a bit more before LDT as all the divi hunters come in