Yes, JPMorgan. It seems the payment date is almost a month after ex- dividend date and by that time you are on the next ex-dividend date. But I guess you still get the payment if you sell after the ex dividend date?
Well… they’re sticking strictly to the rules as set out by the London Stock Exchange.
The Dividend Procedure states on page 2 that payment should be made within 30 business days after the record date. The sentence about small shareholder registers surely does not apply to JPMorgan.
With that in mind I have looked at this years dividends and it looks as if JPMorgan makes the payment within the 30 days period. That this is too close to the next Ex-Dividend Date to allow any room for delays or errors is probably not something they care about.
As for the selling bit… I would sell after the record date.
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