Foresight Environmental FGEN go xd for 1.99p this Thursday.
If you sell on Thursday, you will be paid the dividend, when a share goes xd the price usually falls by the same amount but sometimes by more or it doesn’t fall at all.
If you buy the share before the close of the market on Wednesday, you should collect 5 dividends of 1.99p, in just over 1 year. Lets assume the dividend is increased and the total paid is 10p. Remember no future dividends are guaranteed to be paid.
The current price 67.7p yield 11.52%.
The yield if held as above, 14.75%.
A yield of 15% compounded doubles your income in 5 years. Depending on Mr. Market you could sell the share and make a similar trade. All baby steps.
Thanks for addressing this topic—it’s so important.
You’ve built a lot of trust through your consistency.
This was super helpful. Thanks for posting it!