"I thought FLT cancelled the dividend after it went Ex, but looking it up I can see they got in 3 days before the Ex date.
CWN had a pause in trading later in the day (at about 12:30pm) on the day CWN went Ex and then the dividend was delayed but eventually paid. So I wonder what will happen to those who sold KME ex div? Is it just tough luck?"
I always thought that once a dividend was declared and provided for as a liability in the accounts, the company had a legal obligation to pay it.
It surely can't possibly be just a case of "Oh, well... tough luck."
Because, for example, as you say, what happens to someone who sold their shares on the day it went ex-dividend? That person is owed money by the company, and a simple stroke of the pen by the KME directors can't make that go away.
As I said, I've never encountered this situation before.
.
Ann: Company Update, page-8
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Last
30.5¢ |
Change
-0.005(1.61%) |
Mkt cap ! $17.33M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 31.0¢ | 30.0¢ | $4.349K | 14.28K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 31500 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.5¢ | 17615 | 1 |
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| Last trade - 14.07pm 05/07/2024 (20 minute delay) ? |
| KME (ASX) Chart |