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Ex-Dividends Could Take 6 Points Off FTSE

Wed, 13th Jun 2018

On May 31 several companies will go ex-dividend, and when that happens new investors will not qualify for the latest payout of dividends. The companies in the FTSE 100 that are due to go ex-dividend are Marks and Spencer, National Grid, and Taylor Wimpey.

According to analyst predictions, at the current market prices, if there is an adjustment to prices made by market makers, then the FTSE 100 will fall by 6.05 points.

There are several FTSE 250 companies due to go ex-dividend as well. They are Britvic, Computacenter, Ferrexpo, Great Portland Estates, On The Beach, SSP Group, Spire Health, and UDG Health Care.

In addition to several shares going ex-dividend, this week will see some news about which companies are due to be promoted or demoted in the FTSE indexes. At the moment, it looks as if the online grocery retailer Ocado is due to join the FTSE 100. The reshuffle is based on the overall market capitalization of companies at the close of trading on Tuesday, May 29th, although the companies will not actually join their new indexes until much later. Promotion is a major thing for any company, because it sparks a wave of investment. Being demoted can be big news too, and will typically result in a fall in share prices as the tracker funds for the specific index that the company is departing will sell their interests in the company to buy the other, newly promoted company shares instead

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