Admiral Dividends - ADM

Admiral Dividends - ADM

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Stock Name Stock Symbol Market Stock Type
Admiral Group Plc ADM London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
42.00 1.27% 3,350.00 16:35:05
Open Price Low Price High Price Close Price Previous Close
3,310.00 3,310.00 3,352.00 3,350.00 3,308.00
more quote information »
Industry Sector

Admiral ADM Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

ygor705: ADM are a very well-run outfit which seldom disappoints. Would expect it to attract more admirers as this year's p&l numbers unfold.
jonut: 30 Apr '21 - 13:26 - 654 of 661 ADM proceeds £460m Shares out 297m £1+/share Some clarity on the special divi today, £400m to be distributed over 2021/2022 equating to £1.33ish/share. Together with the interim £1,25, perhaps £1.60-180 this autumn.
rik shaw: Muted reaction so far this morning to positive trading statement including info on proposed special dividends: hTTps:// 'Based on preliminary figures, Admiral Group ("Admiral" or "The Group") anticipates a higher than expected Group profit before tax for the first half of 2021 in the range of GBP450 to GBP500 million (continuing operations)(1)
user859537: The xdividend drop today was 146 for a divi of 86p last time the drop was a max 112p for a higher dividend of 91.2p on 3/9/2020,on which day price moved back above the pre XD date price only 4 days later does not feel like it's going to be so quick this time round!
jonut: ADM proceeds £460m Shares out 297m £1+/share
unastubbs: The only Welsh company in the FTSE100 - and that's a sosban fact! from Questor (Daily Telegraph today) Questor: buy this car insurer – its 5pc yield won’t stop it growing Questor share tip: this company seems to do everything right, from the way it funds its business to how it uses its data An entrepreneurial insurance company sounds like a contradiction in terms: we tend to expect our financial services firms to be predictable and staid. But the London stock market offers at least one exception. Admiral may now be a household name and have millions of customers, but it was founded just 30 years ago and retains the entrepreneurial spirit of its founders even though they have stepped back from running the company day to day. “It was started in 1991 by two guys who’d been to business school together,” said Simon Young, who has held the stock in his Axa Framlington UK Equity Income fund since he took it over in 2018 and in other funds before that. “But the new chief executive has also been there a long time and is cast in the same mould.” He said the business had innovated constantly over its three decades and remained ahead of its rivals. “It’s always been a low-cost operation,” Mr Young said. “The founders realised that people loved to be surprised by low prices and innovation. It very quickly started to cut out the middleman by selling its car cover directly over the internet – even in the early 2000s it did more than 60pc of its business online.” The most important thing for an insurance business is the underwriting: assessing the risk involved in each policy accurately and pricing it appropriately. Admiral got off to a good start by getting this right. “By great attention to detail the founders got to the point where they really understood underwriting. In particular, they realised that the more questions you asked, the better you priced your policies,” said Mr Young. “Other insurers have not really caught up. Some don’t have the analytics, the best-in-class underwriting discipline, and end up more with a boom-bust cycle in profitability. Admiral has been consistently profitable.” Next the firm’s bosses realised that they had a lot of data and thought: what can we do with it all? “So they started, the price comparison website,” the Axa fund manager said. But they also used their data to help the company diversify into other types of insurance. Now, in addition to almost 4.8m cars in Britain, Admiral insures 1.2m homes and 100,000 travellers. It has further broadened its offering into personal loans, for which it has 100,000 customers. Then, in Mr Young’s words, came the realisation that “people in Europe want the same things”. He said the insurer had suffered a “false start” in Germany but now had businesses in France, Italy and Spain, as well as America. All told it has about 7.5m policyholders. “Five years ago the firm was losing £5m a year in Europe but it now makes £100m, against £600m in Britain,” Mr Young said. “I think it’s at a tipping point on the Continent and the eventual prize could be multiples of the current figure.” He said the insurer had also adopted a clever way to fund its operations. “It’s good at getting third parties – ‘reinsurers217; – to provide the capital to back the policies it sells. In Britain it underwrites only about a quarter of its business itself but it still earns a commission on each policy as well as any income from add-ons. “Also, as an insurer you get paid up front when the policy starts. This cash, called the ‘float’, is about £4bn a year and, because it earns interest, Admiral will be a big beneficiary if interest rates rise.” He said that, as a result of this funding structure, the company made returns on its equity capital of more than 50pc. Using other people’s capital also allows you to pay most of your profits to shareholders as dividends – almost 90pc of profits in Admiral’s case, a very high figure. Normally keeping back so little to fund expansion might ring alarm bells, but Admiral’s model clearly works: since flotation its shares have achieved an annual total return of more than 22pc. “People ask: what is Admiral’s secret sauce? My answer is that it does many things better than anyone else in the market and doesn’t rest on its laurels. The direction of travel is right and I hope it will retain the nimbleness it had when it was a ‘challenger217; business,” Mr Young said. The 5pc yield (if we include the special dividend)is naturally attractive to income investors but those who want growth could do worse than simply reinvest the dividends. Questor says: buy
ygor705: Good numbers from Admiral this morning with a 12% increase in the full year dividend. Has definitely been a beneficiary of the pandemic but is also a very well run company offering a good income stream.
thewheeliedealer: Hi all, My mate Peter @Conkers3 and myself did a ‘Twin Petes Investing’ Podcast a few days ago and part of our discussion includes ADM. We also chatted about loads of other Stocks and Ideas for research and a fair bit of educational stuff with regards to Investing and Portfolio Management. Anyway, if you use Youtube, Apple, Audioboom, Overcast or Spotify you can find it under the 'Conkers Corner' Channel (you want Podcast TPI 39) and you can find it on Soundcloud at the link below. I hope you enjoy it and find it useful, we try to keep them light and they are totally unscripted, not like all the stuffy financial fodder you are probably more used to !! Happy New Lockdown !! WD @wheeliedealer hTTps://
rik shaw: Admiral Group PLC Admiral Group Plc Announces Sale Of Penguin Portals And Preminen Comparison Businesses To Rvu hTTps:// 'The proceeds to Admiral, net of minority interests and transaction costs, will be around GBP450 million. As noted above, the final transaction value will depend on the completion date. In light of the strong solvency and liquidity position of the Group, Admiral expects to return a majority of the net proceeds to shareholders, though will retain a portion to support investment in new business development over the coming years.'
ygor705: Some very good numbers from Admiral this morning with a big increase in the annual dividend and confirmation that the special dividend will be paid. Looks pretty good in comparison with many other announcements being made to the market of late.
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