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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Phoenix Group Holdings Plc | PHNX | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 1.80 | 0.38% | 481.20 | 16:35:22 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 477.00 | 475.00 | 479.40 | 481.20 | 479.40 |
| Industry Sector |
|---|
| LIFE INSURANCE |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 18/09/2023 | Interim | GBP | 0.26 | 28/09/2023 | 29/09/2023 | 23/10/2023 |
| 13/03/2023 | Final | GBP | 0.26 | 30/03/2023 | 31/03/2023 | 10/05/2023 |
| 15/08/2022 | Interim | GBP | 0.248 | 25/08/2022 | 26/08/2022 | 12/09/2022 |
| 14/03/2022 | Final | GBP | 0.248 | 31/03/2022 | 01/04/2022 | 09/05/2022 |
| Interim | GBP | 0.241 | 19/08/2021 | 20/08/2021 | 03/09/2021 | |
| 08/03/2021 | Final | GBP | 0.241 | 01/04/2021 | 06/04/2021 | 18/05/2021 |
| 06/08/2020 | Interim | GBP | 0.234 | 13/08/2020 | 14/08/2020 | 04/09/2020 |
| 09/03/2020 | Final | GBP | 0.234 | 02/04/2020 | 03/04/2020 | 19/05/2020 |
| 07/08/2019 | Interim | GBP | 0.234 | 15/08/2019 | 16/08/2019 | 30/09/2019 |
| Top Posts |
|---|
Posted at 20/4/2024 08:03 by montyhedge The rule of 72, it will take 6.4 years to double our money at the current dividend yield, not allowing for any further dividend increase. Just a thought boys, lol. |
Posted at 19/4/2024 18:10 by kenmitch Thanks Philby. Hope those high yielders are doing ok.Interesting posts here today.e.g I didn’t know that reason why Pension Funds are not investing in the UK until reading Apparition1’s post. As for not being able to get 11% anywhere else…..there ARE others paying as much or more, as well as the likes of AV. And LGEN paying around 8% and promising dividend increases. Dividend is 15% at my 155p buy price. In addition to those 2 I hold these:- AA4. 17.5% dividend promised until 2026 BUT the final share price unpredictable. MNG. 10% dividend thst looks safe. HFEL 11% dividend that’s been increased for multiple years. Lousy capital gain performance BUT steps now being taken to try and rectify that. AEWU. 9.7% dividend (and 13% at my 63p buy price). GABI 9.5% dividend. ITH 17% dividend SQZ 12% dividend but risk of it being cut. Results imminent. I usually sell on a dividend cut and also on any bad news. I buy the big dips. |
Posted at 19/4/2024 12:49 by kenmitch The dividend data site is THE go to site for accurate dividend information. And they update as soon as a dividend is announced. Here’s the page for PHNX and in it is a link for the historic record of Phoenix’s dividends. Note that they have INCREASED the annual dividend every year since 2015!The dividend yield is about 11% and that’s a decent return even without any share price gains. AND if the share price falls that’s a good opportunity for top ups to get an even bigger dividend yield, especially as there’s a high chance they will continue to increase the annual dividend. Posters who think buybacks are the solution perhaps still don’t realise that buybacks make it easy for SELLERS as they’ve got a willing buyer of their shares. I.e Phoenix. And lots of selling doesn’t help the share price. PHNX is getting it right imo. Those who disagree have the obvious option …SELL!! It’s strange how posters moan about shares they hold instead of selling and moving on to shares where they are happy with Management AND have confidence in the Companies they hold. We surely want portfolios we are happy with? I’m very happy with Phoenix. It’s NOT the fault of Management that the share price performance has been so dismal. The same applies to so many UK shares, including others paying huge dividends and buying back heavily. The key reason UK shares are so unloved is Pension Funds refusing to invest in the UK. If that changes (perhaps via effective Government incentives to pension funds and other big investors to invest in the UK) then shares like Phoenix, MNG, LGEN, AV. etc etc will go up a lot…..and will bring dividend yields back to more normal levels as a result. Meanwhile just enjoy the huge dividends and look, as I have now, to have a portfolio FULL of very big dividend paying shares and Investment Trusts. |
Posted at 09/4/2024 08:12 by skinny Thanks Una, the final paragraph :-"But Phoenix’s investment case is its status as a cash machine, and the market prices it as such. The shares trade at a forward price to earnings ratio of 12, higher than the other London-listed insurers Legal & General and Prudential, both at around 10. Analysts now forecast a 9.8 per cent forward dividend yield, and with new, higher cash targets and a commitment to deleveraging the balance sheet, this looks enticing. Advice Buy Why Well-supported generous dividends, with aims to improve balance sheet". |
Posted at 02/4/2024 11:54 by richie1218 FTSE 100 insurer Phoenix Group Holdings (LSE: PHNX) recently raised its annual dividend to 52.65p a share, from 2022’s 50.8p. This gives a yield on the current £5.50 share price of 9.6%.It remains one of the very few shares in the leading index that pays an annual return of over 9%. By comparison, the average current yield of the FTSE 100 is 3.8%. So, £10,000 invested now in Phoenix Group would make me £960 this year in dividends. If the yield averaged the same over 10 years, then I would make £9,600 to add to my £10,000 investment. Crucially however, if I reinvested those dividends back into the stock, I could make an additional £16,017 instead! This would give me £26,017 in total, paying me £2,373 a year in dividends, or £198 a month. Over 30 years on an average 9.6% yield, I would potentially have £176,113, paying me £16,060 a year, or £1,338 a month! Is the high yield sustainable? In 2023, Phoenix Group built a cash pile of over £2bn, exceeding its already-upgraded target of £1.8bn. New business long-term cash generation was just over £1.5bn, achieving its 2025 target two years early. This should allow it to keep paying high dividends in the coming years. It should also be a major engine for continued high growth. Last year saw its Pension and Savings business grow 27% compared to 2022, and new business net inflows jumped 72% to £6.7bn. The firm now expects operating cash generation to rise by around 25% to £1.4bn in 2026. It is also targeting a £900m IFRS-adjusted operating profit by that year. Consensus analysts’ expectations are for earnings to grow 41% a year to end-2026. Earnings per share are also expected to increase 54% a year to that point. One risk for Phoenix Group remains a new global financial crisis. Another is a deterioration in the recent major improvement in its hedging strategies for its capital position. However, both are somewhat mitigated by the huge cash war chest and by its continued high growth, in my view. Undervalued shares? Despite a recent rise in price after its strong 2023 results, the stock is still down 8% from its 12-month high. I think it now looks very undervalued against its peers. This means to me that there’s a reduced chance my dividend gains will be wiped out by share price losses, not that this can be guaranteed. Specifically, Phoenix Group trades at just 1.8 on the key price-to-book (P/B) measurement of stock value. This compares to a peer group average of 3.7. On the equally important price-to-sales (P/S) valuation, it also looks undervalued compared to its competitors. It trades at just 0.3 – the lowest in its peer group, the average valuation of which is 1.6. Will I buy more? I will be buying more Phoenix Group shares very shortly for the three key reasons analysed in depth above. But to reiterate, the very high yield looks to me like it will continue, generating significant passive income in the years to come. Plus I think the business shows all the signs of continuing to grow stronger. And despite the recent price rise, the stock still seems to be undervalued. |
Posted at 24/3/2024 07:31 by ammons Might be of interest here, apologies if already posted.hxxps://uk.finance.y ================== New dividend policy sends the Phoenix Group share price up 10%. Time to buy? Phoenix Group Holdings (LSE: PHNX) just announced “strong full-year 2023 results and [a] new progressive dividend policy,“. As a result, the share price quickly jumped 10%. On 22 March, the company said its “vision is to be the UK’s leading retirement savings and income business.” To that end, we saw £1.5bn in new business cash from its Standard Life operation. That’s a new record. And it means Phoenix has hit its 2025 growth targets two years early. Share price The Phoenix Group share price is still down 20% in the past five years. So is it cheap? For me, the key with a stock like this is cash. Phoenix reported £2.024bn total cash generation for the year. That’s up from £1.504bn in the 2022 year. And it’s well ahead of the firm’s target of around £1.8bn. The board reckons it means a big boost to long-term cash generation. And hitting its 2025 cash target so far ahead of plan seems like great going. This is all ahead of analyst forecasts too. They already looked good to me, and we’ll have to wait to see how they’re updated now. Dividends CEO Andy Briggs told us that confidence in the firm’s strategy “is demonstrated by the new progressive and sustainable dividend policy we will operate going forward.“ The FY payout for 2023 rises to 52.65p per share. On the previous day’s close, that’s a huge 11.5% dividend yield. There were few details of the new dividend policy, other than that the board “expects the interim dividend to be in line with the previous year’s final dividend.“ The City had expected strong dividends for the next few years. And I think this adds a bit of confidence. No-brainer buy? With all this good news, and these rivers of cash we might expect in the coming years, are Phoenix shares a no-brainer buy for me now? Well, no, nothing is. The stock has been on my candidates list for a while. But I still see significant long-term risk. Phoenix stock, on earnings-based measures, doesn’t seem cheap. We’re looking at a forecast price-to-earnings (P/E) ratio of 65 for 2024. |
Posted at 23/3/2024 18:15 by jubberjim Think I noted one particular poster who was extolling phnx at 500 level and encouraging everyone to buy but the continuous drift down was I think discouraging even this most ardent Investor. It certainly discouraged meSo am intrigued and quite amused by those posters coming on after the event and declaring their savviness. I wasn t one unfortunately I bought lgen as opposed to phnx on Thursday at the close Still believe in lgen and although lagging both phnx and Aviva due to no doubt lacklustre debut of new chap will continue to keep the faith. Will continue to hold phnx but in no rush to add just yet. Will be watching on 11 April when both Aviva and Phoenix go ex dividend Will be keeping my depleted cash in situ for time being but things looking a whole lot better. Long may it continue. Best of luck to all |
Posted at 22/3/2024 08:18 by speedsgh AFAICS the "new progressive dividend policy" announced today is basically a formal commitment to target an increase in the dividend each year, rather than just growing it "over time".From 2021 Annual Report: "Having proven ‘the wedge’ for the first time and announced our inaugural organic increase, the Board has evolved our dividend policy to reflect the growing, sustainable business that Phoenix now is. We have evolved our previous policy that was for a “stable and sustainable dividend” to a policy which is to pay a dividend that is sustainable and grows over time." from 2022 Annual Report: "Dividend policy and approach We operate a dividend policy which is to pay a dividend that is sustainable and grows over time. It is important to emphasise that the Board will continue to, above all else, prioritise the sustainability of our dividend over the very long term. We have now demonstrated that Phoenix can grow both organically and through M&A. Therefore, going forward, we will simplify our dividend communication, with the Board announcing any potential annual dividend increase at our full year results, which will combine both organic growth and inorganic M&A growth." from today's 2023 Full Year results rns: "New progressive dividend policy The Board has evolved Phoenix's dividend policy to reflect the confidence it has in the Group's strategy. The Group will now operate a progressive and sustainable ordinary dividend policy. The Board will continue to announce any potential annual dividend increase alongside the Group's Full Year results and expects the Interim dividend to be in-line with the previous year's Final dividend. The Board will continue to prioritise the sustainability of our dividend over the very long term. Future dividends and annual increases will continue to be subject to the discretion of the Board, following assessment of longer-term affordability." |
Posted at 22/3/2024 07:26 by speedsgh AFAICS the new progressive dividend policy is little change from what has been occurring in recent years. It basically seems to be formalising that it will be progressive..."The Board has evolved Phoenix's dividend policy to reflect the confidence it has in the Group's strategy. The Group will now operate a progressive and sustainable ordinary dividend policy. The Board will continue to announce any potential annual dividend increase alongside the Group's Full Year results and expects the Interim dividend to be in-line with the previous year's Final dividend. The Board will continue to prioritise the sustainability of our dividend over the very long term. Future dividends and annual increases will continue to be subject to the discretion of the Board, following assessment of longer-term affordability." |
Posted at 19/3/2024 09:37 by nablus07 The Times article last weekend was based on the expected effect on PHNX of new FCA rules on duties towards consumers. This may not be the end of it – as we now, there are lots of policyholder complaints about the amounts paid out by Phoenix and the time it takes to get the money.My feelings about this company as an investment are more guarded than most on here. Like everyone else, I’m attracted by the dividend but it’s of no use if it’s nullified by falls in the share price, which is what’s been happening. If you go to Phoenix on the ADVFN monitor and then click ‘Financials The best news for us from the final results would be if the company announces that they’ve listened to customers’ complaints and are changing their behaviours (and so avoid the possibility of further action by the FCA). If Phoenix can become a company with loyal and satisfied customers, they might really be a good long term hold. |
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