BG Group Dividends - BG.

BG Group Dividends - BG.

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
BG Grp. BG. London Ordinary Share GB0008762899 ORD 10P
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 1,062.00 00:00:00
Open Price Low Price High Price Close Price Previous Close
1,062.00 1,062.00
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BG Group BG. Dividends History

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

Top Dividend Posts

londonscott: Please can someone post how to calculate the cgt implications. I took the default so have cash at 3.83 and intend to hold the rdsb I am a little confused as had 4 holdings in bg. bought at different prices over the last 15 years. Many thanks if anyone knows.
spob: Oil major ConocoPhillips takes axe to dividend FT ConocoPhillips has become the first major US oil company to take the axe to its dividend, as it looks to conserve cash in face of the relentless rout in global crude prices. The company on Thursday cut its quarterly dividend by two thirds – from 74 cents a share to 25 cents – while announcing a further squeeze in its capital expenditure plans for 2016. It now expects to spend $6.4bn, down from a planned $7.7bn. ConocoPhillips shares tumbled 4.3 per cent on the news in pre-market trading. Ryan Lance, chairman and chief executive officer, said: While we don’t know how far commodity prices will fall, or the duration of the downturn, we believe it’s prudent to plan for lower prices for a longer period of time. The actions we have announced will improve net cash flow by $4.4 billion in 2016. The decision to reduce the dividend was a difficult one. The dividend has been, and will continue to be, a top priority. We still intend to provide a competitive dividend, while significantly lowering the breakeven price for the company and substantially reducing the level of borrowing in 2016. Our actions also position us to deliver strong absolute and relative performance as prices recover. Shares in the big US oil companies have come under pressure in the run-up to the fourth quarter earnings season amid fears that they would cut their dividends. And while smaller energy companies – such as Kinder Morgan – has cut payout, Big Oil has largely resisted such a move, preferring instead to cut investments, jobs, sell assets or borrow to cover dividend payments Just this week Exxon Mobil and BP have both vowed to protect their payout policy despite oil prices having falling more than 70 per cent from their mid-2014 highs. The dividend move by ConocoPhillips comes as the company reported a net loss of $3.45bn for the last three months of last year. The loss included $2.7bn charge for asset writedowns. Sales tumbled 42 per cent to $11.8bn for the quarter. Having said just three months ago that it expects production to grow in 2016 through a ramp up of oil sands production in Canada and startup projects in Alaska, ConocoPhillips said on Thursday that it now expects production to be “essentially flat” this year. Earlier this week, Standard & Poor’s ConocoPhillips on watch for a possible downgrade within 90 days. S&P said this would depend on the company’s ability to achieve cost savings and asset sales, and to cut capital spending without hurting production rates.
spob: January 29, 2016 Questions swirl around Royal Dutch Shell’s dividend Christopher Adams, Energy Editor FT With BG takeover, futures are pricing in a cut to the group’s payout amid oil price rout A totem sign stands illuminated outside a Royal Dutch Shell Plc gas station as light trails are left by moving traffic in this long exposure photograph in Romford, U.K., on Wednesday, Jan. 20, 2016. Royal Dutch Shell Plc, which is buying BG Group Plc in the industry's largest deal in a decade, expects fourth-quarter profit to drop at least 42 percent after the rout in crude prices deepened. Photographer: Chris Ratcliffe/Bloomberg©Bloomberg Investors mispriced at least one risk in the recent market turmoil: the likelihood that Royal Dutch Shell’s £36bn offer for UK oil and gas producer BG Group would collapse. Even as it became clear that shareholders in the two companies would vote for the deal, as they did this week despite the plunge in oil prices, anyone inclined to bank an attractive 5 per cent return could do so simply by buying BG shares. More ON THIS TOPIC Shell shareholders vote for BG takeover BG’s overseas assets shine amid oil gloom Lex Shell — the song remains the same Fast FT Shell set for 40% slide in Q4 profits IN OIL & GAS Chevron vows further steep cuts JKX board toppled by Russian investor Baker Hughes warns of oil industry slump Oil slump forces Repsol into deeper cuts Sign up now For months BG’s shares traded well below Shell’s offer value, and that discount has since narrowed. But that does not mean the takeover of BG, the biggest energy deal in more than a decade, is without risk for Shell. Far from it. The acquisition, due to be completed on February 15, will end nearly 20 years of independence for an asset-rich producer and nimble natural gas trader that was spun out of the old British Gas in 1997. Shell’s reserves will grow by 25 per cent to 17bn barrels of oil equivalent, including substantial deepwater crude output in Brazil and liquefied natural gas production in Australia. But it is taking on substantial capital spending commitments, including investment in BG’s asset portfolio, and thousands of employees. Issuing shares to fund its cash-and-paper bid will add to Shell’s dividend costs. All this just as the crude price has crashed to its lowest level in 12 years, hitting revenues and profits. There will be savings. Some 2,800 jobs will be lost as a result of the takeover, $30bn of assets will be sold, and capital spending at the combined group slashed. These steps are designed to shore up cash flow and keep Shell’s promise to shareholders to at least maintain last year’s dividend — of $1.88 per share — in 2016. The question is whether, and for how long, the Anglo-Dutch oil giant can sustain this payout. Oil majors’ shares have long been valued for their reliable income streams: Shell has not cut its dividend for many decades. But exchange-traded dividend futures are pricing in about a 17 per cent cut to Shell’s payout this year, and steeper reductions, of more than 40 per cent, for 2017 and 2018. Indeed, with Brent crude trading this week at just over $30 a barrel, 70 per cent below its 2014 peak, this was the most pertinent concern raised by BG’s army of small investors at a packed meeting in London on Thursday to approve the Shell takeover. Andrew Gould, BG chairman, said the board had paid “considerable attention” to the measures outlined to safeguard the dividend. In other words, Ben van Beurden, Shell’s chief executive, should be trusted to deliver. The problem with this, say critics, is that the bid for BG, announced in April, followed a quarter in which Brent had traded at about $55 a barrel. The assumption then was that the economics of the deal worked at prices nearer $90. Chart: Shell-BG deal spread In the weeks that followed, as crude fell, Shell sought to reassure by saying the deal also worked at $70. But Brent has since tumbled to half that level. Shell now says the deal works in the “mid-$60s̶1; — but even that requires a substantial recovery in Brent crude. Moreover, while the industry has embarked on savage cuts, mainly to spending on new projects, it has yet to feel the cash flow benefits from falling labour and equipment costs. This will take time. Hence Shell's 8.4 per cent dividend yield. Yet, for all the risks to cash flow, analysts say Shell is well positioned to weather the storm. Irene Himona at Société; Générale says that, assuming Brent stays at $30 for the first half of 2016 and averages $40 for the year, the combined group’s organic free cash flow — what is left after capital spending — will be negative in 2016, but increase to about $4bn in 2017, assuming crude rises to $60 by then, higher than the $40 to $45 range currently suggested by futures markets. Brazil is the big prize for Shell in BG deal Ben van Beurden, Chief Executive Officer of Royal Dutch Shell, addresses a press conference in central London on January 29, 2015, to release its fourth quarter results announcement and its fourth quarter interim dividend announcement for 2014. Energy group Royal Dutch Shell on Thursday announced an eight-percent drop in annual net profits owing to a slump in global oil prices and said it would accelerate spending cuts. AFP PHOTO / BEN STANSALL (Photo credit should read BEN STANSALL/AFP/Getty Images) Speculation that Royal Dutch Shell would buy BG Group has been doing the rounds of the oil industry for at least the past 20 years. On Wednesday, it became reality. The dividend cost would be about $15bn in 2017, if the payout is set at the same level earmarked for this year. Shell should all but close the $11bn gap with organic free cash flow through proceeds from asset sales, and it could further trim its capital spending budget. The group could also borrow more. True, Shell expects a one-notch cut to its investment grade credit rating once the BG deal is completed, because of weaker oil prices. But additional funding costs would be minimal, says Ms Himona. And in a $60 world Shell will be a “formidable powerhouse” of LNG and deepwater assets. “The difference between a supermajor and other oil companies is that a supermajor has a huge balance sheet, in this case a $400bn balance sheet which is highly rated,” she argues. Shell will “take the pain” long before it considers cutting the dividend, she adds. If there is to be a cut, as the market fears, that debate still looks some way off. As Chris Wheaton at Allianz Global Investors puts it: “Many other things will go wrong in this industry before we get to dividend sanctity.” Speaking to shareholders this week, Simon Henry, Shell’s chief financial officer, said this of future dividend prospects: “We have not made a statement about the dividend beyond 2016 other than there is no change to the dividend policy, which in simple terms is to grow in line with earnings and cash flow.”
spob: 99.53%
whiskeyinthejar: He talked about the oil price because he was asked! Its going to come up isn't it! But article is clear - he said merger is “not a bet on the oil price”. Going back to your other comment- I'm not spinning it I'm putting it simply. You or Spob or whoever can disagree or put me right, but I don't think I've written anything unreasonable. The Oz Gas facilities are an asset which I say is worth £13 Billion because that's the facilities cost to build. You don't have to agree they are worth that, but if you don't have a reason to disagree then you've lost the argument. I actually suggest the Oz Gas LNG facilities are worth more to Shell, because Shell can use them to develop their current Oz assets. Anyway, the remainder of bid is new Shell shares in return for the existing BG shares. So Shell shareholders get diluted by 20%, which in return Shell increases proven reserves by 25% and increases in production by 20%. Again you can say, actually Shell has refinery assets etc. so exchange is unfair. Or you can say BG are increasing production exponentially and gas is more valuable than oil, so deal undervalues BG. That's your call, but in terms of exchanging dilution for bg reserves thats the deal simply put. However, if this deal wasn't happening, because BG is moving from investment phase to more of a production phase, BG share price would imo outperform Shell and the sector over the next year. Oz Gas project is now on stream and ramping up, Brazil has ramped up production and so unlike last few years BG have free cash flow. Depending on prices this ought to mean a growing dividend. Anyway, BG shareprice has fell from over £15 to £9 because Oz project overran, all the cash generated was being soaked into the massive gas project and pessimism over gas price. Pessimism over gas persists, but project is complete now, so Shell are are getting BG rather cheaply imo. But you don't get to buy a premium company without paying a premium to current shareprice. That shouldn't concern Shell holders however, as BG is obviously worth more as part of Shell than as a standalone company because of synergies and risks being spread (Shell identified $3.5 billion of cost saving synergies etc.)
enturner: Value used for conversion of RDSB shares received to cash will be the opening price for RDSB on 15th February under the current agreement. Your £3.83 per BG. share is fixed, but if you elect to receive all in cash then the RDSB shares you receive under the offer (0.4454 RDSB for every BG. share) would be converted to cash based on the opening RDSB price on the 15th Feb. You won't know your total until that day but you will have to elect (other than the default position) beforehand. I believe 10th. The risk is that the market will be diluted, and under downward pressure, on the day but the cash leaves you the option to buy back in at a lower level shortly afterwards. You spend a little extra on Stamp and broker fees but at least you hit the button on an agreed price beforehand rather than leaving it up to the market makers on the 15th. I suspect we'll see a little dip 16th-19th when dilution/offloading will occur and a 100% cash option could be converted into RDSB at optimum buying levels. An all Share option however could see you saving stamp duty and broker fees whilst buying RDSB at an average of low 1200s. The default option gives you the option somewhere in the middle. Once again you make your own mind up as no one ever really knows how the market will react. Best of luck and hope this helps. If anyone sees it differently then I welcome a response. E
pugugly: Those invested in either Shell or BG. may find this article interesting. IMO Holders of BG. would be foolish not to vote in favour - A different matter for holders of Shell givne the large cash element but only needs 505 vote in favour.
spob: No I mean any ex dividends declared by shell between now and the close of this deal. Last year the Shell fourth quarter dividend went ex div on Thursday 12 Feb 2015 (approx 31p) hTTp:// So if the deal has not been finalised before that approximate date this year then you would need to account for that dividend in your calculations so for example 383 + [0.4454*(1565-31)] = 1066 discount = 1066/990 = 7.68% This is just an example. Shell may decide that paying such a generous dividend in the current climate is totally NUTS! :)
shalder: If you do the maths then buying BG. @ say 930 and holding to completion of deal is equivalent to buying RDSB @ 1228 xd, versus current market price of 1469, i.e. a discount of above 16%. it then comes down to whether you are confident the deal will go ahead and that the terms are not renegotiated (which requires inter alia that both sets of shareholders approve the deal next month). If the deal is aborted then the BG. share price will lose its support and likely fall substantially. You pays your money....
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