Hi Again @J_Westlock, Yes I think that buying on the XD date works well, you get more shares for your money AND then usually pick up the dividend amount simply through recovery of the share price.
When I sold my HSBA it just so happened that GACA went XD that same day and so I bought those with the proceeds at about 145, they are 155.7 today. Can’t guarantee it but it has always worked well for me. The spread is so large on all prefs that it quite often takes a while to get into profit, in this case as I recall I was only 1-2p adrift after the buy but it can be much more. If you DONT buy on the XD date it can take quite some while to get into profit as then you are totally reliant on the share price appreciating.
Yes there are quite a few prefs that go XD in March thru May paying about a month later and then do so again in Sept thru Nov. There are a few that don’t fit that pattern though. Like all stocks prefs go XD on a Thursday and the exact date can move around by the odd week from year to year. These days the best way to find the exact dates for this year is to use the dividendmax website eg
The event may also be RNSd but not always in my experience.
Good luck if you decide to invest - but I can offer no guarantees obviously.