Australian (ASX) Stock Market Forum

Excess dividend payment

GreatPig

Pigs In Space
Joined
9 July 2004
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I just checked my trading bank account and noticed a dividend payment from Southcorp, from when I held the shares (I've sold them already). I had 400 shares and the rate is 3 cps, giving a dividend of $12. However, I've had $20 credited to the bank account under the entry of Penfold's Dividend.

Any idea where the other $8 (2 cps) might have come from? All other dividends have been exactly the expected amount.

GP
 
The dividend for SRP is not supposed to be paid until 31st March (next Thursday)......must be something else, but I can't find it in any reports.

rozella
 
Rozella,

Wonder what it is then. The payment does say "Penfolds Dividend", where I gather Penfolds is part of Southcorp.

Guess I'll wait and see if I get another $12 next week. :D

Cheers,
GP
 
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