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- 15 June 2023
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I've got the confirmation letter from FMG with my HIN number and bank account details but nothing has come through.
@TimeISmoney, below are two screen captures. The first highlights the payment date being the 28th of March 2024. The second displays the date when I received my dividend for BHP and CBA and FMG.
View attachment 173654
View attachment 173655
Skate.
I hope so but I think it might have something to do with WBC as another dividend hasn't come through either. Probably going to be another full day wasted dealing with numpties and their security checks.FMG is a green powerhouse, they are waiting for the clouds to move and the wind to blow to process your payments
a payment by cheque or ( say ) a NZ domiciled stock to an Australian resident ( or vice versa ) can take longer
Something not adding up here I feel.I hope so but I think it might have something to do with WBC as another dividend hasn't come through either. Probably going to be another full day wasted dealing with numpties and their security checks.
might be wise to contact your bank ( and that share registry ) on Tuesday thenI've got the confirmation letter from FMG with my HIN number and bank account details but nothing has come through.
Just checked on linkmarket services and the HIN is right, the paperwork FMG sent me has part of the bank account numbers blocked but the numbers showing look right. No sign of payment.might be wise to contact your bank ( and that share registry ) on Tuesday then
( i assume the bank details were correct )
PS you didn't sign up for the DRP did you if so the extra shares should be in the portfolio on Tuesday ( for most brokers )
I bought in at the beginning of this month, I should qualify for the dividend? - NO
Just checked on linkmarket services and the HIN is right, the paperwork FMG sent me has part of the bank account numbers blocked but the numbers showing look right. No sign of payment. I bought in at the beginning of this month, I should qualify for the dividend? - Sorry, NO dividend for you. Why? - If you buy shares "on or after" the ex-dividend date, "you will not receive the upcoming dividend payment".
Ah Professor, as usual an excellent presentation of the facts.Additional Dividend Information
The ex-dividend date is the cut-off date for determining which shareholders are eligible to receive a company’s upcoming dividend payment. It is the date on which new buyers of the stock no longer qualify for the dividend.
The ex-dividend date is typically set one business day before the record date. The record date is the official date when the company checks its records to identify shareholders who will receive the dividend.
But here's the catch
@TimeISmoney, if you own shares before the ex-dividend date, "you are entitled" to receive the dividend. But if you buy shares "on or after" the ex-dividend date, "you will not receive" the upcoming dividend payment.
It pays to Remember
The ex-dividend date is crucial for income investors who rely on dividends as part of their investment strategy. My advice is to always check the company’s announcements and calendar to stay informed about upcoming ex-dividend dates.
Skate.
Not for me either.The potential and perils of increasing franking credits
The potential and perils of increasing franking credits
Borrowing to invest provides greater exposure to the share market and its potential gains or losses, as well as more associated franking credits. However, there are additional risks and costs to consider.www.firstlinks.com.au
not for me ( margin loans ) but maybe the veteran investors might participate in this
( especially if in the higher tax brackets )
not for me
Not for me either.
i have had enough cuts from single-edged blades
from observation i have noted leverage is often addictive
as a former frequent visitor to the race-tracks , i learned how to balance my innate greed and my aversion to loss , probably not the education i was expected to gain in my high school years , but valuable now
and being naturally a contrarian ( long odds gambler ) the stress was already enough , thank you
i could blame my father for that as he had a gem-hunting hobby , but i suspect i already had that trait
very hard to beat the odds , unless you are 'the house ' ( or book )@divs4ever, as an ex-bookmaker, my perspective was centred around the essential responsibility of maintaining a balanced book by carefully evaluating the odds and probabilities associated with the participating runners. It is important to recognise that in the world of betting and trading, there is always someone on the opposing side, whether they are punters or traders.
Skate.
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