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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Aviva Plc | AV. | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 3.00 | 0.63% | 482.50 | 15:30:14 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 480.40 | 478.50 | 483.90 | 479.50 |
| Industry Sector |
|---|
| LIFE INSURANCE |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 15/11/2023 | Interim | GBP | 0.119 | 05/09/2024 | 06/09/2024 | 17/10/2024 |
| 15/11/2023 | Final | GBP | 0.223 | 11/04/2024 | 12/04/2024 | 23/05/2024 |
| 09/11/2022 | Interim | GBP | 0.111 | 24/08/2023 | 25/08/2023 | 05/10/2023 |
| 09/11/2022 | Final | GBP | 0.207 | 30/03/2023 | 31/03/2023 | 18/05/2023 |
| 02/03/2022 | Interim | GBP | 0.103 | 18/08/2022 | 19/08/2022 | 28/09/2022 |
| 02/03/2022 | Final | GBP | 0.147 | 07/04/2022 | 08/04/2022 | 19/05/2022 |
| 16/12/2020 | Interim | GBP | 0.0735 | 26/08/2021 | 27/08/2021 | 07/10/2021 |
| Top Posts |
|---|
Posted at 25/10/2024 08:08 by 1robbob popperWhat is Dividend Witholding Tax? ....dividends are paid after the deduction of Corporation Tax |
Posted at 24/10/2024 09:48 by 1robbob >>...'Can we expect a special divi or and further buy backs?.'Special Dividends....No chance...The policy is 'regular and sustainable returns of capital' Buy-backs..Yes, announced with the final results, expect a further £300m/£400m which will give a circa 7% increase in dividend per share for next year |
Posted at 17/10/2024 13:51 by whatsup32 Added a few more with dividend payment. Aviva is an excellent long term hold but does bore the pants of me.Also where dividend is so high it puts me in high tax band . I would have preferred less dividend and high capital gain. |
Posted at 20/9/2024 17:57 by xtrmntr Three is no doubt that insurance companies are nowadays one of the most important dividend shares for income.They are attractive not because of the volume of dividends they rarely feature in the top 10 payers on that metric, and the 50 per cent cut flagged by Vodafone earlier this year is, on its own, bigger than the entire closely watched payout for Legal & General (LGEN).Interest instead stems from the relative cheapness of their shares. The attraction of inflation-beating yields is hard to match of the top six highest yielders in the FTSE 100, four are insurance companies, according to FactSet data.The question is whether those high yields are truly reflective of the level of risk that shareholders take when buying the shares. As ever, some are safer than others. Aviva (AV.) is an interesting example of a popular high yielding insurance share that reflects one basic truth: it is the largest insurance company in the UK to have comprehensively gotten its house in order.What was once a sprawling group built up by a seemingly arbitrary series of bolt-on acquisitions has been slimmed down to focus on the UK, Ireland and Canada, with clear delineation between the life, motor and personal insurance lines.The company's current health is also driven by the fact that costs have been tightly controlled at the same time as demand for annuities has picked up significantly. Aviva will write £7bn-£8bn of bulk annuities business this year, as defined benefit pension schemes' funding levels improve, allowing companies to offload future liabilities to insurers and simplify their own operations.But the most important reason for Aviva's popularity with retail investors is that the current management, led by chief executive Amanda Blanc, has also kept its word to shareholders when it comes to payouts. After raising £7.5bn from business sales, the company paid out £4bn of capital to shareholders by the middle of 2022.Fulfilling this commitment is no guarantee that dividends will continue to grow over the next couple of years, but current forecasts are for dividend growth in "mid-single digits" this year, or 5 per cent in old money, with a 7 per cent growth rate forecast for the following period, according to predictions by broker Berenberg. That translates into a current dividend yield of around 7 per cent, rising to 8 per cent at a price-to-book value of just 1.3 times. One reason to be cautious is that Aviva's operating profit target of £2bn by 2026 could be quite punchy if premium rates start to moderate, in which case the annuities business would have to take up more of the slack. Currently, general insurance premiums are forecast to rise at around 9 per cent for next year. What might be needed to ensure the future health of the dividend is for Aviva to smooth out its free cash flow. This has been exceptionally lumpy in the recent past, partly because of asset sales, but it is notable that the company is forecast to book cumulative cash flow growth of 12 per cent over the next two years. This seems to underline the fact that simplifying the business and focusing on what the company does best will prove profitable for income investors.Dividend policy: Cash cost of the dividend to grow by mid-single digitsYield: 7.2 per centPayment: Semi-annually, in sterlingLast cut: 2020AlternativeLegal & General surprised the market earlier this summer not via a 5 per cent increase in the dividend this year, topped up by share buybacks, but with forecasts that the two years through to 2027 would see a reduced 2 per cent annual increase, buybacks again substituted to try to make up the shortfall. It was the first substantive act from new chief executive António Simões and showed management's determination to improve LGEN's core operating profits. Income investors may not quibble too much about this change of direction given the forward dividend yield remains well above 9 per cent. |
Posted at 15/8/2024 21:30 by xtrmntr From the IC.Aviva (AV.) has spent much of the past half-decade shrinking, as the insurer offloaded a series of overseas operations of variable quality, albeit for decent sums. The resulting cash dowry will be paid out to shareholders over the next couple of years.However, the now slimmed-down business, focused on the UK and Canada, is generating exceptional returns on the back of higher rates and premium volumes. The combination of these meant underlying operating profits rose by 14 per cent to £875mn to bring an exceptionally strong half to an end.The performance of the UK and Ireland general insurance business is a case in point. Here, premiums grew by an above-average 18 per cent to £3.8bn. This was largely driven by UK personal line insurance, which recorded a 30 per cent increase during the half. Although there are suggestions that rates might start to soften this year, the company still expects non-life premiums to increase by 5-10 per cent.Meanwhile, the Canadian insurance business saw premiums rise by 10 per cent to £2.2bn, while the insurance, wealth & retirement division was another notable performer with net flows into wealth management of £5bn, or 6 per cent of asset under management. It was also clear that bulk annuities transfers are becoming an important part of Aviva's retirement business. The overall retirement segment saw a contraction in sales to £3.0bn, down from £3.2bn last time, due to a tighter equity release market and slightly lower bulk annuities sales of £2.3bn. Nevertheless, the company still anticipates writing £7bn-£8bn of bulk annuity transfers this year, and £15bn-£30bn over a three-year period.Management reaffirmed, rather than upgraded, its outlook. It still expects operating profits to hit £2bn by 2026. Interestingly, this also includes a £100mn annual contribution from health insurance a trend that has been noted as the NHS struggles. The company's all-important dividend is still forecast to grow by mid single digits. Aviva paid out a total of £906mn for 2023.Broker Peel Hunt commented that the results showed that Aviva was successfully maintaining price discipline. Consensus currently places the company at a price-to-book value of 1.5, which translates to a price/earnings ratio of 11 for 2024. That is a premium to most of its competitors, but a dividend yield of close to 7 per cent, with cover of 1.9, still catches the eye. Buy. |
Posted at 15/8/2024 08:13 by kenmitch Note the different share price response to the good Results from AVIVA yesterday and Admiral today. AVIVA share price flat. Admiral share price up 8%.Why the big difference? Is it perhaps because Admiral have spent excess cash on the genuine reward of a special dividend on top of the increased ordinary dividend. I.e investors get the big bonus of real cash. AVIVA prefer to waste the spare cash on buybacks where unfortunately investors don’t get any real cash. RIO current dividend yield is 6% but a couple of years ago they rewarded investors with 20% dividend via big special dividends on top of their ordinary dividends. Fortunately more and more UK Companies are now paying special dividends instead of buying back. e.g Big Mining Companies like RIO now always go for big special dividends in the good years. Previously they spent multiple £billions on buybacks…..onl |
Posted at 14/8/2024 16:12 by martinmc123 Aviva plc posted a strong set of H1 results this morning, ones which reported continued profitable growth momentum. Insurance, Wealth & Retirement (IWR) sales were up 12% to £19.7bn, group operating profit was up 14% to £875m, statutory profit for the year was up 58% to £654m. The Capital position is strong and resilient with Solvency II shareholder cover ratio of 205% (FY23: 207%) and centre liquidity (Jul 24) of £1.5bn (Feb 24: £1.9bn). Valuation messages are a little mixed with forward PE looking a little toppish at 10.1x while dividend yield at 7.6% and PS ratio at 0.65x are more attractive. The share price also has some positive momentum. Certainly a share worth considering, particularly if generous dividend distributions are of interest. BUY......WealthOracle wealthoracle.co.uk/d |
Posted at 14/8/2024 06:25 by lauders For those, like me, who are interested in the dividend (I use the dividend reinvest option at present) then this is nice to read:We remain committed to delivering for our shareholders. We paid a total dividend of £906m for 2023 and our dividend guidance for mid-single digit growth in the cash cost of the dividend remains. Our intentions for further regular and sustainable returns of capital remain unchanged |
Posted at 14/8/2024 06:20 by cwa1 For anyone that can't be bothered looking ;-)Shareholder services 2024 Financial Calendar Ordinary dividend timetable: Final Ordinary ex-dividend date 5 September 2024 Dividend record date 6 September 2024 Last day for Dividend Reinvestment Plan and currency election 26 September 2024 Dividend payment date1 17 October 2024 Other key dates: Quarter three market update2 14 November 2024 |
Posted at 16/6/2024 07:04 by masurenguy Thanks for that link Lauders. As a shareholder I think that the two most salient points extracted from the commentary are as follows:* "Consensus expects around 20% growth in EPS this year, moderating to 12% in 2025, hence at 470p the forward PE ratio is 10.5, easing to 9.3. Dividing the PE ratio by the expected earnings growth rate derives a “PEG” ratio of 0.5, rising to near 0.8 when investment value supposedly exists below 1.0. Aviva is recovering from an earnings trough and is yet to achieve its 2019-21 earning power. The table does not suggest a consistent growth company, hence the PEG does not properly apply. It so happens that cost-cutting is aiding a profit advance while annuities are selling well." * "At around 470p, the prospective dividend yield is 7.5%, rising to 8.0% assuming a dividend of around 37.5p in respect of this year, rising to 38p for 2025, and covered 1.3 times by earnings both years. Aviva’s operational cash flow record is lumpy (see table) but this is a fundamentally low-capital expenditure business conducive to shareholder returns. Expect around near 10% dividend growth as consensus for 2025. Aviva’s prospective yield is no less than it was in March 2020, yet its operations are better-streamlined and cost-effective." |
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