Thank you T212 for an excellent addition to your already great service 2 questions will this enable investors to receive shares when GSK splits and will this feature allow scrip dividends or is this still in the pipeline any help or info much appreciated thank you
by the looks of it any company handling stock distribution should now be able to provide us with the shares rather than the cash equivalent for both mergers and splits, so when GSK has its spin-off you should be receiving the shares of the new company. though I am not sure how scrips are handled.
Еligible shareholders can expect shares instead of cash in all of the following corporate events: merger, spin-off, acquisition. When it comes to SCRIP Dividend, you can expect the cash equivalent as per the terms of the event.
@Bogi.H Am yet to receive my GSK dividends for the Ex div date 18/08/2022 with a payment date of 06/10/2022.
I understand it takes sometime for the these payments to reach investors - No issue here
My issue is that It appears that on the App forum that some investors have already received their dividend, doesn’t T212 pay-out dividends to all investors on your platform at once??
We have just distributed the GSK dividends to all eligible shareholders, @Zrtz.
@Michael.M Yeah, mine has come through. do you distribute in batches as some folks claimed to have received on Friday?
@Zrtz On Friday, we distributed the dividends for the NYSE listing of GSK PLC ADR.
@Michael.M Understood, many thanks for the explanation