Читать книгу The Dividend Investor - Rodney Hobson - Страница 39

Finally, we note the varying attitudes towards the AGM. Shell and HSBC do not even bother to wait for shareholder approval before making the final payment for the year. In an exercise in semantics, they call the final dividend the ‘fourth interim dividend’, so technically there is no final dividend for shareholders to approve.

BAT goes for a halfway house, with the AGM after the ex-dividend date – like Shell and HSBC – but before the payment date. BAT asks shareholders to approve the report and accounts without specific reference to the dividend.

Cookson and John Menzies both seek approval from shareholders before the ex-dividend date and both have a resolution to approve the final dividend on the AGM agenda.