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Do ex-employees get share dividend in July?

The latest news and discussion on Royal Mail Shares.Please note the advise given in this forum is unofficial, please use the links we have for a more detailed response or see an independent financial adviser.
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P_ostman
EX ROYAL MAIL
Posts: 31
Joined: 28 Feb 2011, 21:13
Gender: Male

Do ex-employees get share dividend in July?

Post by P_ostman »

No longer work for RM, was classed as a good leaver so have all my shares.
Do I still qualify for the dividend in July?

Cheers,
P_ostman.
RobertT
EX ROYAL MAIL
Posts: 6645
Joined: 09 Sep 2007, 14:26
Gender: Male

Re: Do ex-employees get share dividend in July?

Post by RobertT »

As long as you still own your shares and the company issue a dividend, then you will get yours.
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toomuchcoke
Posts: 309
Joined: 05 Jun 2011, 18:15
Gender: Male

Re: Do ex-employees get share dividend in July?

Post by toomuchcoke »

RobertT wrote:As long as you still own your shares and the company issue a dividend, then you will get yours.
I believe (but don't quote me) that you could leave after the 2nd July and still get the dividend on the 31st.
N1-22postman
EX ROYAL MAIL
Posts: 68
Joined: 13 Oct 2010, 08:31
Gender: Male

Re: Do ex-employees get share dividend in July?

Post by N1-22postman »

"I believe (but don't quote me) that you could leave after the 2nd July and still get the dividend on the 31st."
You are correct. The Final Ex-Dividend date is the 2nd July. This means holders of Royal Mail shares on this date will get paid a final dividend of 14.3p per share on the 31st of July. Full time employees with a 729 share allocation will receive £104.25 (14.3 x 729). There is no tax or national insurance to pay on this payment unless you are a higher rate tax payer.
mollylee10
Posts: 1
Joined: 16 Jul 2015, 20:01
Gender: Male

Re: Do ex-employees get share dividend in July?

Post by mollylee10 »

I left royal mail on 16th june 2015,do i still get the share payment on 31st july?
aiden01
MAIL CENTRES/PROCESSING
Posts: 7001
Joined: 27 Feb 2013, 21:43
Gender: Male

Re: Do ex-employees get share dividend in July?

Post by aiden01 »

mollylee10 wrote:I left royal mail on 16th june 2015,do i still get the share payment on 31st july?
yes.. if you still have your shares
TrueBlueTerrier
FORUM ADMINISTRATOR
Posts: 72559
Joined: 30 Dec 2006, 10:29
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Location: On my couch

Re: Do ex-employees get share dividend in July?

Post by TrueBlueTerrier »

aiden01 wrote:
mollylee10 wrote:I left royal mail on 16th june 2015,do i still get the share payment on 31st july?
yes.. if you still have your shares
and held them on 2 Jul 2015 (Ex-dividend date) and 3 Jul 2015 (Record date).

Dividends are paid to the holders of shares as shown on the share register at the record date. So if you sold them on 2/3 july although you may be paid the dividend, you will have to pay it back.

Of course the reason for leaving will also have dictated if you kept the shares anyway.
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