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Calculating no. of shares from dividend amt

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  • 07-10-2017 12:47am
    #1
    evolving_doors
    Closed Accounts Posts: 11,812 ✭✭✭✭


    So a friend who used to work for a multinational (till about 10 months ago) received an unexpected cheque in the post. It's for a dividend and it's worth say €50.
    They didn't realise that they got shares as a bonus.
    How do they calculate the amount of shares they own? (Apart from ringing up HR on Monday morning).
    Cheers


Comments

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    #2
    Deub
    Registered Users Posts: 1,298 ✭✭✭Deub


    Where did the cheque come from?
    On the letter it should give account number or anything that identifies the account.

    Your friend need to call the company that sent the cheque to know how can he access the account (maybe he has to open one).


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    #3
    thelawman
    Closed Accounts Posts: 316 ✭✭thelawman


    The dividend rate is more than likely published in the market, ie Bloomberg, divide the €50 by the rate and you then have the number of shares you own


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    #4
    evolving_doors
    Closed Accounts Posts: 11,812 ✭✭✭✭evolving_doors


    So if the dividend cheque was say €50 and the dividend rate was .50% then the share values about €10k !!! Not bad considering he didn't know about it :pac:

    I'd presume this is maybe all down to employment contracts etc. but seeing as he is getting the dividend, would it follow that there would be no problem in selling the shares, or is there typically a claw back of some type upon leaving a company. He worked there for less than a year.


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    #5
    thelawman
    Closed Accounts Posts: 316 ✭✭thelawman


    evolving_doors wrote: »
    So if the dividend cheque was say €50 and the dividend rate was .50% then the share values about €10k !!! Not bad considering he didn't know about it :pac:

    I'd presume this is maybe all down to employment contracts etc. but seeing as he is getting the dividend, would it follow that there would be no problem in selling the shares, or is there typically a claw back of some type upon leaving a company. He worked there for less than a year.


    The value of the shares is not €10K The value is determined by the market price, if he sells the shares he will be liable for CGT


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