Centrica Dividends - CNA

Centrica Dividends - CNA

Stock Name Stock Symbol Market Stock Type
Centrica Plc CNA London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 98.18 00:00:00
Open Price Low Price High Price Close Price Previous Close
more quote information »
Industry Sector

Centrica CNA Dividends History

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

Top Dividend Posts

Top Posts
Posted at 30/1/2023 16:01 by supermarky
Excellent if we can have a good strong finish above 100. CNA definitely looks like a one way bet upwards these days (famous last words)
Posted at 13/1/2023 18:03 by supermarky
cna like a coiled spring ready to push further upwards.
Posted at 13/1/2023 16:25 by grupo guitarlumber
Philip Whiterow

15:49 Fri 13 Jan 2023

Centrica on course for 'highest-ever' earnings predicts broker

Gas installation

Centrica’s profits upgrade yesterday put it on course for its highest-ever earnings, according to broker Credit Suisse, with the shares attractive even without the soaring gas price bonus.

The broker upped its price target for the British Gas owner to 135p, from 130p, and its forecast of EPS this year to 31.2p (from 24.2p).

Key now is how earnings normalise once gas prices settle back down and Credit Suisse see these at around 7-8p, while cash flow should be strong enough for another £200mln buyback in the second half of 2023.

Operationally, price caps mean suppliers such as British Gas are essentially de-risked from energy movements short-term, while the failure of small independent suppliers means its market share is now a healthy 25%.

Customers switching to more energy-efficient products should also see growing momentum over the next five years.

Credit Suisse notes that on its forecast for clean earnings (ie non-gas price inflated), the shares trade on a 10 times multiple, whereas it thinks it should be fifteen times.

“We forecast a 10% free cash flow yield, 3.6% dividend yield and recurring buyback of 2%,” added Credit Suisse, which has an 'outperform' rating.

Shares today were up 1.8% at 97p.


Posted at 25/11/2022 08:34 by blackhorse23
CURY {LSE} financial looks very good , another dividend announcement in 2 weeks
Posted at 17/11/2022 13:11 by skinny
Dividend received today.
Posted at 15/11/2022 08:34 by skinny
Posted at 10/11/2022 12:01 by mroalan
Wait till the public find out CNA are back in profit and throwing money at shareholders,we.ll be the scum of the earth.
Posted at 28/7/2022 06:44 by waldron

-- The strong operational and financial performance in H1 2022 leaves the business well placed as we head into H2 2022. We will continue to invest in and drive operational improvements, particularly given the uncertain economic environment which creates challenges for British Gas Services & Solutions, and also increases bad debt risk for our energy supply businesses.

-- If forward commodity prices were to stay around current levels and asset performance remains strong, we would expect full year adjusted earnings per share to be at, or even above the top end of the range of current sell side analyst expectations, which is currently 10.1p to 15.0p based on 12 forecasts published since our Trading Update on 10 May 2022.

-- However, as always there are significant uncertainties and a range of external factors we cannot control, most materially weather and commodity prices, both of which are exacerbated at current elevated commodity prices.

Balance sheet strength to facilitate growth and shareholder returns

-- We have introduced an updated financial framework which will underpin our strategy moving forwards.

Strong investment grade credit ratings

-- Maintaining strong investment grade credit ratings remain important to us for our energy procurement and optimisation activities, so maintaining a strong balance sheet will be key to our continued success. We are currently in a net cash position. However, we can see significant cash swings, particularly in times of volatile energy markets and economic uncertainty. As a result, we would expect to maintain a prudent balance sheet, providing resilience for the Group while ensuring the flexibility to invest in the attractive investment opportunities available.

-- It also means we will have the headroom to cope with further regulatory changes in the UK energy market. This includes the mandated ring-fencing of 100% of gross customer deposits, which we continue to believe is the right thing for customers.

Progressive dividend policy

-- We are reinstating an ordinary dividend and are declaring a 2022 interim dividend of 1.0p per share. We intend to retain our historic policy of paying roughly a third of the full year dividend as an interim. We expect the dividend to be progressive and dividend cover from earnings to move to around 2x over time, recognising the ratio is likely to vary each year dependent on the business cycle.

Posted at 20/4/2022 09:11 by maywillow
Could the Centrica dividend come back soon?

Our writer considers the chances of the Centrica dividend coming back soon to help build his passive income streams.

Christopher Ruane❯

Published 19 April, 12:46 pm BST

Back in the day, one of the attractions of holding shares in British Gas owner Centrica (LSE: CNA) was its dividend. Thanks to the profitability of the company’s business with its large installed user base, the dividend was juicy. Today the company trades as a penny share. But eight years ago the annual dividend was over 17p per share.

That was later cut to 12p per share before being abandoned altogether during the pandemic. But with Centrica seeing a strong business recovery, could the payout be making a comeback soon?

Centrica business recovery

The business’s performance last year suggests that Centrica may finally have turned a corner in its road back to business health. Statutory earnings attributable to shareholders from ongoing businesses jumped to £586m from a prior year loss. That meant statutory basic earnings per share came in at 10p. At the current Centrica share price, the price-to-earnings ratio is under eight. That looks cheap to me.

The company has streamlined its business and sold off sizeable assets. That brings some risk of concentration – Centrica remains heavily exposed to the UK gas market. That means it can suffer if gas prices crash. I also see longer-term risks of gas demand falling as alternative energy sources become more widely used.

But the sales have also helped Centrica in ways I think could make it more attractive for my portfolio. Management should now be more focused, something that I think has been a struggle for the business before, especially when it comes to dealing with retail customer complaints. Crucially, the sale proceeds and business performance mean the balance sheet is now in much better condition then a couple of years ago. The firm ended last year with £700m in net cash, compared to net debt of £3bn just 12 months previously.

Centrica dividend prospects

With those sorts of earnings, I reckon the company could afford to bring back its dividend at the moment. Not only have earnings returned to a substantial level, so has free cash flow. Last year it came in at £1.2bn from the company’s continuing operations.

So, why has the dividend not already been restored? I do not think there is a compelling reason frankly. The company pointed to regular pension negotiations that are due to conclude in the next couple of months and said that it “should soon be in a position to restart paying a dividend”. That at least suggests that it could reintroduce the dividend, perhaps later this year.

But I suspect the dividend may not be restored at its pre-pandemic level. Asset sales mean future earnings may not match previous ones. On top of that, current management does not exactly seem enthusiastic about restoring the dividend.
My next move on Centrica

Being a Centrica shareholder, February’s final results announcement struck me as a missed opportunity. The company is earnings lots of money and generating sizeable free cash flows. I see no compelling reason to delay the restoration of dividends.

The Centrica share price has grown 37% in the past year and the dividend outlook is less attractive than it was a few years ago. For that reason I am considering selling my Centrica shares to invest in what I regard as a more reliable passive income pick.

Christopher Ruane owns shares in Centrica. The Motley Fool UK

Posted at 21/3/2022 13:53 by the grumpy old men
At UK£0.78, Is It Time To Put Centrica plc (LON:CNA) On Your Watch List?

Simply Wall St

March 18, 2022

Centrica plc (LON:CNA), might not be a large cap stock, but it saw a double-digit share price rise of over 10% in the past couple of months on the LSE.

As a mid-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock.

But what if there is still an opportunity to buy?

Today I will analyse the most recent data on Centrica’s outlook and valuation to see if the opportunity still exists.

Great news for investors – Centrica is still trading at a fairly cheap price.

My valuation model shows that the intrinsic value for the stock is £1.29, but it is currently trading at UK£0.78 on the share market, meaning that there is still an opportunity to buy now.

However, given that Centrica’s share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us another chance to buy in the future.

This is based on its high beta, which is a good indicator for share price volatility.

What does the future of Centrica look like?

LSE:CNA Earnings and Revenue Growth

March 18th 2022

Future outlook is an important aspect when you’re looking at buying a stock, especially if you are an investor looking for growth in your portfolio.

Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company's future expectations.

Though in the case of Centrica, it is expected to deliver a highly negative earnings growth in the next few years, which doesn’t help build up its investment thesis.

It appears that risk of future uncertainty is high, at least in the near term.


21 Mar '22 - 13:35 - 8334 of 8336
0 0 0

Your Recent History
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

Log in to ADVFN
Register Now

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20230203 07:07:18