I had forgotten which it was, read the rule book and played it the other way around.
So it's when you've FINISHED your turn that you check to see if 2 indicators are red, and only THEN a dividend takes place. Right.
Correct. I haven't looked at the rules recently, but I believe it says that if two indicators are red before you take your turn (ie before you have selected your action) then a dividend occurs, the dials are reset and you continue with your turn normally.