KME 2.33% 44.0¢ kip mcgrath education centres limited

"I thought FLT cancelled the dividend after it went Ex, but...

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  1. 17,029 Posts.
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    "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.

    .
 
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Last
44.0¢
Change
0.010(2.33%)
Mkt cap ! $25.01M
Open High Low Value Volume
42.8¢ 44.0¢ 42.8¢ $1.836K 4.243K

Buyers (Bids)

No. Vol. Price($)
1 30000 42.5¢
 

Sellers (Offers)

Price($) Vol. No.
44.0¢ 407 1
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Last trade - 11.14am 08/11/2024 (20 minute delay) ?
KME (ASX) Chart
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