Royal Mail's ex-dividend date is 27 November 2014

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Our Board has declared and approved a maiden interim dividend for 2014-15 of 6.7 pence per share for shareholders on the register on 28 November 2014.

The ex-dividend date is 27 November 2014. This is the first day anyone could purchase a Royal Mail share and not receive the maiden interim dividend payment for 2014-15.

Why is the ex-dividend date important?

Typically, a company’s share price will start trading at a lower price on its ex-dividend date. All other things being equal, the difference in the share price is normally approximately the value of the dividend payment.

This is because anyone buying the shares from that point would not receive that dividend payment.

Of course, there are many other factors that could also impact a company’s share price. It is ultimately decided by the stock market. The share price reflects the market’s view of the business, its prospects and general market conditions.

Royal Mail share price

You can see the Royal Mail share price every day the stock market is open. You can see it on http://www.myroyalmail.com" onclick="window.open(this.href);return false;, http://www.royalmailgroup.com" onclick="window.open(this.href);return false;, on screens in your workplace and in most newspapers.

On the group’s websites, the share price will update every 15 minutes when the stock market is open and will show the closing price of the previous trading day when the stock market is closed. It will not reflect the current market price and should not be used to make any investment decisions.

Interim dividend payment

Eligible full-time employees who received 729 Free Shares will be paid an interim dividend of over £48 on 14 January 2015. In total, these employees will have received more than £145 in dividend payments.

Eligible part-time employees will receive a dividend based on their pro-rata allocation of both SIP 2013 and SIP 2014 Free Shares.

You can view details of any Royal Mail shares you hold by logging into your Employee Shares Account at http://www.royalmailemployeeshares.co.uk" onclick="window.open(this.href);return false;