Just read the F & C investment trust results. They say they'll pay a second interim dividend in lieu of a final dividend. Another company recently said the same thing. Why?
The F & C div seems to be paid earlier, ie in the current tax year, if that is relevant. Usually it's paid in May.
There seem to be a few companies bringing forward dividends, presumably to pay before the next tax year, when the higher tax rate goes up from
40% to 50%?
What's the difference between an interim div and a final div?
The interim is paid halfwy through the company's trading year, as a rule, the final one, which has to be approved by shareholders, at the end. If a company has done particularly well, they occasionally pay a second interim... but not in lieu of a final one.
So the only real difference (apart from the name) is that the shareholders need to approve a final div?
Are (interim) divs actually linked to any particular trading year?
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