Diverse Income Share Discussion Threads

[maywillow] 08/1/2004 11:41

BRUSSELS (AFX) - The European Commission said it is taking steps to tackle
tax discrimination against foreign dividends.
The commission said EU countries' tax systems should not hinder individuals
from investing in foreign shares.
Member states cannot levy higher taxes on dividends from companies in other
EU countries, it said.
Equally, member states cannot levy higher taxes on outbound dividends than
on domestic dividends, it said.
"If member states cannot agree on solutions, the commission will be obliged
to initiate legal action against those member states whose dividend tax rules do
not comply" with EU rules, it said.
vm/jfr

[waldron] 07/1/2004 13:52

Dividend paying stocks have under-performed non-dividend payers, but with the outlook being for more modest market returns over the next several years, dividends will make up a great proportion of total return.

[harvester] 01/1/2004 21:25

you missed out SSE .

[timbo003] 01/1/2004 20:49

If you are interested in divis and you are reasonably bullish on stock markets, i.e. you think they will probably rise a tad in the next year or so, why not consider split capital investment trusts, many of the income shares in these trusts are paying divis of 20% - 30% per annum.

For example:-

COGI: prospective yield circa 24% per annum
GEH: prospective yield circa 28% per annum
MGTI: prospective yield circa 23% per annum

It's all discussed in considerable detail here:

[jeffian] 01/1/2004 20:00

Yes, beware of lists simply screened out by reference to historic divi yields which may not be sustainable. SMWH is another one tipped for the chop and there may be a few more up there if I looked a bit more carefully. The ones I mentioned from my own portfolio were picked for sustainability as well as high yield, although arguably LLOY is looking fragile, but I take the view that a big UK clearer in a recovering UK economy will not want to be seen to be cutting the divi and will fight to avoid it.

Regards, Ian

[madgooner] 01/1/2004 19:50

Might be worth noting that SCTN's dividend is to be rebased following sale of retail estate last year. Forward yield is closer to 5%

[agincourt] 01/1/2004 18:47

FTSE100
Name Yield
United Utilities 8.87%
Scottish & Newcastle 8.17%
Lloyds-TSB 7.74%
Scottish Power 6.42%
BAE Systems 5.53%
Old Mutual Ord 5.16%
Sainsbury (J) 5.14%
Dixons Grp Ord 4.94%
BOC Grp 4.59%
Hays 4.39%

FTSE350
Name Yield
United Utilities 8.87%
Scottish & Newcastle 8.17%
Lloyds-TSB 7.74%
Novar 7.09%
Singer & Friedlander Grp 6.98%
Smith WH 6.79%
Jarvis 6.57%
Scottish Power 6.42%
Northern Foods 6.36%
Smith David S 5.60%

[psps] 01/1/2004 18:46

well the dates depends on when companies announce the results.
like LLOY this years ex div dates is in mid march (i think)
but at least by showing last years date one has an approx idea of 2004 dates?

by the way i am getting a msg (java.clicksglobal.com)everytime i open internet and then the IE closes and i have to start again ??? any idea why

[agincourt] 01/1/2004 18:44

mmmm thats a shame - how to you get things to stay in a columns ?

[agincourt] 01/1/2004 18:43

FTSE100
Epic Name Sector 22/12 Divi (p) Yield Divi. Cover
UU. United Utilities Utilities 43.55 8.87% 1.2
SCTN Scottish & Newcastle Beverages 30.18 8.17% 1.1
LLOY Lloyds-TSB Banks 34.20 7.74% 1.0
SPW Scottish Power Electricity 23.85 6.42% 1.5
BA. BAE Systems Aerospace 9.20 5.53% 2.2
OML Old Mutual Ord Life Assurance 4.80 5.16% 2.2
SBRY Sainsbury (J) Food and Drug 15.69 5.14% 1.4
DXNS Dixons Grp Ord General Retailer 6.65 4.94% 1.6
BOC BOC Grp Chemicals 39.00 4.59% 1.3
HAS Hays Support Svcs 5.38 4.39% 1.0
Ave :- 6.10% 1.5
FTSE350
Epic Name Sector 22/12 Divi (p) Yield Divi. Cover
UU. United Utilities Utilities 43.55 8.87% 1.2
SCTN Scottish & Newcastle Beverages 30.18 8.17% 1.1
LLOY Lloyds-TSB Banks 34.20 7.74% 1.0
NVR Novar Construction 9.50 7.09% 1.1
SFL Singer & Fr Speciality 14.50 6.98% 1.1
SMWH Smith WH General Retailer 19.00 6.79% 1.4
JRVS Jarvis Support Svcs 13.00 6.57% 3.1
SPW Scottish Power Electricity 23.85 6.42% 1.5
NFDS Northern Foods Food Producers 8.75 6.36% 1.8
SMDS Smith David S Forestry 8.80 5.60% 1.8
Ave :- 7.06% 1.5

[maywillow] 01/1/2004 18:40

what about 2oo4?

[psps] 01/1/2004 18:35

ex div dates are for 2003

AAP 9 apr 03 and 8 Oct 03

AVON 14 Jan 04 (4.5p) and 4 Aug 03 (so if anyone fancies a div buy before 14 Jan 04)
CSLT 12 mar and 13 aug

LLOY 26 feb 03 and 13 Aug 03

[maywillow] 01/1/2004 18:32

psps

you post them and i'll put them in the header.

[psps] 01/1/2004 18:28

also ex div dates would be helpful

[maywillow] 29/12/2003 13:21

thanks ian, will change things as we go along as and when i have a moment.

[jeffian] 29/12/2003 13:18

maywillow,
I see I've been elevated to the thread header (!). It may be worth you editing out those divi yields in brackets as they only relate to the original price I paid for the shares and are irrelevant to new investors. On reflection, it may be worth adding Greene King GKN 3.54% to the list - it's come up a long way from my purchase price but 3.54% net of basic rate tax is still not to be sneezed at.

There used to be a chap posting on moneyworld/moneyextra bb (now defunct) who published a weekly High Yield/Low PER screen and very useful it was too for highlighting companies worth researching. I can't work the technology, but if anyone knows how it would be a very valuable. Otherwise, I hope people add their own 'fave' high yielders for us to look at.

Regards, Ian

[maywillow] 29/12/2003 13:03

much appreciated jeffian.

thanks for the info.

As it happens i live in France on the Swiss Border.

Read most of the papers and journals too,even a few in French.

Thought these articles were good enough to get the divi thread agoing.

Enjoy the fun

[gulliverr] 29/12/2003 12:37

Thanks Jeffian. Will start checking them out.

[jeffian] 29/12/2003 12:30

Blimey, maywillow, do you work for the Scotsman, or don't you get any proper newspapers up there?!

8-)

Anyway, your point is valid, but hasn't it always been for serious long-term investors rather than short-term traders? I built an income portfolio from 1998-2000 when these stocks were highly unfashionable and all eyes were on TMT. I've had the double benefit of a high and growing yield plus capital appreciation as the market has come back to our way of thinking. Here are some from my portfolio which are still worth considering for yield - I show the current yield but also in brackets my own yield on cost:
Alpha Airports AAP 4.42% (7.2%)
Avon Rubber AVON 3.58% (6.56%)
Cosalt CSLT 4.96% (9.46%)
Hardys & Hanson HDYS 3.83% (8.70%)
Lloyds TSB LLOY 7.74% (8.87%)
Metalrax MRX 6.47% (7.94%)
S&U SUS 5.09% (7.09%)

There are others where the yield is no longer that attractive but which could be bought cheaply a few years ago and have only become 'low yield' through stellar capital appreciation - Enterprise Inns, Greene King, New Look and Stagecoach being examples from my own portfolio.

Yep, I love divis, so please add your suggestions to the thread, folks. IMHO, anything which pays more than money in the bank is worth researching further.

Regards, Ian

[maywillow] 29/12/2003 12:07

especially 4 U, UU., Gulliverr

[gulliverr] 29/12/2003 09:47

Any other suggestions? What about United Utilities?