Buying Ashmore for dividend

A quick look down the list of shares going ex-dividend this week results is a purchase of Ashmore (ASHM).

Ashmore Group is one of the world’s leading investment managers. It is a specialist value-oriented emerging markets asset manager” according to my Share Centre research.

Forecast dividend for 2012 is 15.32p so that represents a yield of 4.57% based on my buying price of 334p. Forecast earnings per share are 24.22p

I’m not entirely sure if I will be eligible for the dividend or not. While the ex-dividend date is tomorrow, I seem to remember reading somewhere that you need to be on the company share register the day before the ex-dividend date.

The dividend payment date is 2nd December, so not long to wait before finding out.

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