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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Glencore Plc | GLEN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.90 | 0.19% | 469.50 | 16:35:18 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 474.35 | 468.85 | 477.20 | 469.50 | 468.60 |
| Industry Sector |
|---|
| MINING |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 21/02/2024 | Interim | USD | 0.065 | 29/08/2024 | 30/08/2024 | 20/09/2024 |
| 21/02/2024 | Interim | USD | 0.065 | 02/05/2024 | 03/05/2024 | 05/06/2024 |
| 16/02/2023 | Interim | USD | 0.22 | 31/08/2023 | 01/09/2023 | 22/09/2023 |
| 08/08/2023 | Special | USD | 0.08 | 31/08/2023 | 01/09/2023 | 22/09/2023 |
| 15/02/2023 | Interim | USD | 0.22 | 04/05/2023 | 05/05/2023 | 01/06/2023 |
| 15/02/2022 | Final | USD | 0.13 | 01/09/2022 | 02/09/2022 | 22/09/2022 |
| 04/08/2022 | Special | USD | 0.11 | 01/09/2022 | 02/09/2022 | 22/09/2022 |
| 15/02/2022 | Interim | USD | 0.13 | 21/04/2022 | 22/04/2022 | 20/05/2022 |
| 05/08/2021 | Special | USD | 0.04 | 02/09/2021 | 03/09/2021 | 21/09/2021 |
| 05/08/2021 | Special | USD | 0.04 | 02/09/2021 | 03/09/2021 | 21/09/2021 |
| 16/02/2021 | Interim | GBP | 0.043023 | 22/04/2021 | 23/04/2021 | 21/05/2021 |
| 18/02/2020 | Interim | USD | 0.1 | 03/09/2020 | 04/09/2020 | 22/09/2020 |
| 18/02/2020 | Interim | USD | 0.1 | 23/04/2020 | 24/04/2020 | 22/05/2020 |
| 20/02/2019 | Interim | USD | 0.1 | 05/09/2019 | 06/09/2019 | 24/09/2019 |
| Interim | USD | 0.1 | 04/09/2019 | 06/09/2019 | 24/09/2019 |
| Top Posts |
|---|
Posted at 13/4/2024 06:28 by gxgxx Article from InternetGlencore share price is nearing a golden cross formation Glencore’s stock has jumped sharply in the past few weeks. The price of copper has soared to its highest level since 2022. There are signs that a new supercycle is happening in the commodities market. Glencore (LON: GLEN) share price continued its strong recovery this week as investors focused on the commodity sector. The stock surged to a high of 477.60p, its highest point since January 2nd. It has risen by more than 30% from its lowest point in 2024. Copper price is soaring Mining companies are doing well, helped by the ongoing recovery of commodity prices around the world. As I wrote on Wednesday, Antofagasta has become the best-performing company in the FTSE 100 index this year. Glencore’s stock is surging because of the ongoing revival of the copper market. Data shows that the price of copper rose to its highest point since June 2022. It has risen by over 24% from its lowest point in 2023 and is a sign that the global economy is bouncing back. Copper is an important metal in Glencore’s business. It produced over 1 million tons of copper in 2023, generating billions of dollars in revenues and profits. In all, its metals and minerals business had over $35 billion in revenues and an adjusted EBITDA of $5.4 billion. Glencore is also benefiting from the resurgence coal business. Data shows that the price of coal has jumped to $121, much higher than the year-to-date low of $94. This is notable because Glencore is one of the biggest coal companies in the world. Coal demand will continue rising even as countries invest more money on renewable energy projects like wind and solar. The main threat for coal is natural gas, which is one of the most popular energy source in some countries. Glencore is in the process of transitioning from the coal business, a strategy I believe is wrong. It is doing that by spinning off its coal business and combining it with that of Teck Resources. Meanwhile, Glencore is set to benefit from its marketing operations since it one of the biggest commodity traders in the world. It moves millions of barrels of oil every day, which helped it make over $186 billion in revenues in 2023. Glencore and other trading companies like Vitol, Trafigura, and Mercuria have been swimming in cash in the past few years. According to FT, trading profits jumped to over $104 billion in 2023. Therefore, as we saw with General Electric, there is a possibility that Glencore’s stock will do well ahead of its spin-off. GE shares jumped sharply ahead of its energy business spin-off this year. The daily chart shows that the Glencore stock price has been in a strong bullish trend in the past few weeks. It has moved back to the rising wedge pattern that formed in 2023. The stock is now about to form a golden cross pattern, which happens when the 200-day and 50-day Exponential Moving Averages (EMA) cross each other. Also, the Relative Strength Index (RSI) shows that there is a bullish momentum going on. Therefore, the outlook for the stock is bullish, with the initial target being at 500p. |
Posted at 09/4/2024 10:08 by tuftymatt Yes looking really good here again price wise and it's just a shame the divi was cut for us long term holders.That said with coal use not really going anywhere in the next 20 years or so there is plenty of upside to come and from everything else too GLEN pulls from the ground. The divi will build out in my opinion or get supported with a special from time to time. Good luck all 👍🏻 |
Posted at 25/3/2024 08:20 by kktj Sundial1, I find with Glen, gaps almost always gets filled - depending how long you want to wait. Sometimes it gets filled within days, like you said, depending on the news/markets. I have been trading Glen for over two years (but also have a core holding for divs.), taking into account the gaps, MACD, fast Stochs, etc. It doesn't always work out, but if you're happy with 10 - 20p moves, it pays for a night out! |
Posted at 22/3/2024 09:33 by tuftymatt Yeah the UK is finally catching global investors attention once again.Interest rates will come off in all major central banks this year so undervalued dividend payers are looking attractive right now. OK GLEN has seen a big divi hit but my gut feel is that could change. Good luck all 👍🏻 |
Posted at 15/3/2024 12:50 by tuftymatt Copper looking super strong right now and GLEN divi talk is a great recipe this week!!Good luck all 👍🏻 |
Posted at 22/2/2024 12:16 by gxgxx Very Good article inspires confidence and a positive future: High lights Glencore (OTC:GLNCY) PLC (GLEN.L) has reported a strong financial performance for 2023, with an adjusted EBITDA exceeding $17B, primarily driven by its coal business. The company's marketing endeavors also outperformed expectations, bringing in $3.5B. The firm demonstrated a commitment to shareholder returns by distributing over $10 billion and announcing a $1.6B dividend. Despite the lower commodity prices impacting the cobalt business, Glencore's overall margins remained healthy. The company emphasized its progress in emission reduction and focus on critical minerals, aligning with its ESG scorecard. With a net debt of $4.9B and strong liquidity, Glencore is well-positioned for future investments and growth, particularly in sustainable initiatives. Key Takeaways Adjusted EBITDA reported over $17B, driven by strong coal business performance. Marketing results exceeded expectations with a $3.5B contribution, evenly split between energy and metals. Shareholders received over $10B; $1.6B dividend announced. Net debt stands at $4.9B; strong liquidity positions the company for upcoming investments. Industrial performance impacted by lower commodity prices, particularly in cobalt, but margins remain healthy. Company's focus on emission reduction and critical minerals aligns with its ESG goals. Portfolio management includes acquisitions and divestitures, emphasizing responsible governance and operational safety. Company Outlook The company projects an EBIT of $3B in 2024, with a focus on managing debt levels and cash flow generation. Glencore is optimistic about future performance and is committed to growth and sustainability initiatives. Bearish Highlights Lower commodity prices, particularly in cobalt, impacted industrial performance. Challenges in the zinc business due to European power prices and smelting costs. Bullish Highlights Coal generated $4.5B in EBITDA. Copper business expected to grow, with significant production increases planned. Strong growth in the energy sector and investments in renewables. Positive market conditions for transition commodities, including copper, aluminum, cobalt, and nickel. Misses Cobalt business suffered from oversupply, affecting commodity prices. Zinc business EBITDA reduced from $321 to $308 due to external challenges. Q&A Highlights The company plans to spin out its coal business once net debt reaches $5B, subject to shareholder approval. Ongoing negotiations with a buyer for ZCCM to bring cash flow back to Glencore. Positive discussions with the new Argentinian government for potential MARA project incentives. Capitalizing on market disruptions and arbitrage opportunities in the shipping industry. Glencore's financial results for 2023 show a company that has capitalized on its coal business and marketing strategies to deliver strong returns to its shareholders. The company's strategic portfolio management, including acquisitions like EVR and MARA and divestitures such as Viterra Bunge (NYSE:BG), demonstrate a commitment to responsible governance and operational safety. Despite challenges in the cobalt and zinc markets, Glencore remains optimistic about its copper and energy sectors, particularly in light of the global transition to a low-carbon economy. With significant investments in renewables and a focus on critical minerals, the company is well-positioned to continue its growth trajectory and maintain healthy margins amidst fluctuating commodity prices. |
Posted at 29/1/2024 16:05 by kenmitch Here’s the site for accurate information on dividends:-The above link takes you to the Glencore page. If ADVFN block it just Google “dividend data,” and then enter GLEN in the box. The above site is updated immediately a dividend is announced. As you can see Glen paid 40p last year. It will probably be less this year but again as the above link shows, the current dividend yield is over 7% and more than twice covered. For dividend pay dates just click on the appropriate heading! Saves ALL these questions about the dividend! Another very obvious source are the Results updates from Glen which normally include information about the next dividend and sometimes dividend policy. |
Posted at 29/1/2024 13:58 by petersinthemarket Still don't understand how such a low yield can be justified, but FWIW I did find this:9 December, 2023: MotleyFool 2024 Forecast: ''Finally, we have Glencore, which is currently forecast to pay out 23.3 cents per share for 2024. That equates to a yield of about 4.1% at today’s share price and exchange rate – the lowest of the three commodity companies. [BHP, GLEN, RIO] Earnings are expected to come in at 50 cents, giving a dividend coverage ratio of about two, which is healthy. Now, one thing to understand about Glencore is that it’s both a miner and a commodity trader. So there’s an extra layer of risk here. Not only do investors face traditional mining risks (eg lower commodity prices, operational setbacks, etc) but they also face trading risk. If the company was to rack up a stack of losses from trading, investors could lose out.'' I hold for yield and expect a more acceptable outcome. |
Posted at 28/1/2024 11:11 by action GLEN divi yield for 2024 is 4.4% according to Fool. |
Posted at 04/1/2024 16:46 by betman Does anyone know how Glencore dividends / cash distributions are taxed for a UK tax payer. As a normal Share dividend, a Foreign income or as a capital payment either not taxable or as a Capital gain. The GLEN website isn't clear, google searches reveal a number of legal cases and my Platform provider is also unclear |
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