question on dividends

  1. 1,380 Posts.
    I hold a Company (SPC) which has announced a 3c FF dividend.

    EX date is 18th August 2003.
    Books closed on 22nd August 2003
    Dividend is payable 30th September 2003.

    When can I expect share price to fall by 3c which is equivalent to the dividend amount?

    Would it be the next trading day after the date books closed (ie 25th August 2003)?
 
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