Dod101 wrote:ukmtk wrote:Did anybody get less than expected for their API dividend yesterday?
I was expecting 1p per share but received 0.398p? This is on Hargreaves.
Assuming that APEI is a REIT it is quite possible that the dividend will come in two parts, a PID which is taxed and the ordinary dividend which is not. Sometimes paid on different days by some brokers.
Dod
You are correct Dod, holders should check the dividend declaration RNS which can be fund here:-
https://www.londonstockexchange.com/new ... n/16313203
It states that the dividend payment of 1p will be paid in two parts as follows:-
Property Income Dividend ("PID") 0.3980 pence per share
Ordinary Dividend ("Non PID") 0.6020 pence per share
This is pretty standard for UK REITs and is explained in this link:
https://monevator.com/how-property-inco ... are-taxed/
The PID Component is taxable unless held in a tax shelter (SIPP or ISA) and is usually made in a separate payment which arrives in an investors account at a different time to the non-PID Component.But any such time difference is usually only a day or so maximum in my experience.
ATB
Pref