Centrica Dividends - CNA

Centrica Dividends - CNA

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Stock Name Stock Symbol Market Stock Type
Centrica Plc CNA London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
1.17 2.55% 47.12 16:29:56
Open Price Low Price High Price Close Price Previous Close
46.23 45.84 47.42 47.12 45.95
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

bookbroker: The energy cap rising will make this a giant again, most of the smaller entities are losing money hand over fist, another failed Govt. strategy to increase competition gone spectacularly wrong! EOn, EDF, NPower, CNA the survivors.
norma_noog: Back to 47p. 44p or lower soon. This has been one dog of a share with things likely to worsen over the winter months. Still no dividend. Probably best to purchase recovery stocks in the travel sector such as Saga, IAG and NEX and avoid CNA at all costs.
bookbroker: Probably more concerned about plugging the pension deficit, that needs addressing, dividend not that important this year. Likely that if the Govt. extends the price cap there will be more failures which will play in to the hands of CNA. Can’t see it benefitting smaller entrants, it is all about scale.
waldron: hifc231 24 Jul '21 - 13:56 - 31903 of 31903 0 0 0 (Https://www.centrica.com/investors/results-centre/2021-interim-results/) Dividend -- No 2021 interim dividend is being declared. We recognise the importance of dividends to shareholders and intend to recommence dividends to shareholders when it is prudent to do so. Further evidence of the Group's robust cash flow generation -- Free cash flow from continuing operations of GBP524m was GBP20m, or 4%, higher than in H1 2020, despite the reduction in EBITDA. This increase reflects us receiving net tax refunds of GBP41m in H1 2021, having paid net tax of GBP43m in H1 2020, and reduced capital expenditure of GBP187m (2020: GBP285m) as we maintained tight capital discipline and reduced IT spend in British Gas Energy. These more than offset the impact of lower divestment proceeds. Exceptional cash payments of GBP48m were similar to H1 2020. -- After including net interest payments of GBP109m (2020: GBP80m), pension deficit payments of GBP243m (2020: GBP76m), which include GBP167m of pension strain payments related to redundancies in prior years, positive movements in margin cash, proceeds from the sale of Direct Energy and non-cash decreases to net debt of GBP21m, net debt at the end of June 2021 was GBP93m compared to GBP2,998bn at the end of 2020.
hifc231: (hXXps://www.centrica.com/investors/results-centre/2021-interim-results/) Just reading the results summary on Centricas Website and its states: Adjusted earnings from continuing operations: Up £8M to £98m (from £90m) Free cash flow from continuing operations: Up £20m to £524m (from £504m) Net Debt: Down from £2905m to £93M Debt Earnings Per Share: up to 1.7p (from 1.6p) On 25th Feb Centrica stated Net Debt was £0.4 Billion debt (aka £400m), so since Feb Centrica have knocked off £307m approx off the debt pile (Now £93M), so by about Sept/Oct they should be debt free? Surely that would mean they are in a position to reinstate some dividend, then this would start climbing again. A debt free company, paying a dividend, with a stabilized customer base in this Covid Times…… If it doesn’t then you know there is some conspiracy against Centrica lol
mroalan: Dividend --" No 2021 interim dividend is being declared. We recognise the importance of dividends to shareholders and intend to recommence dividends to shareholders when it is prudent to do so." Theres a few holes there, "We recognise the importance of dividends" thats not true whilst paying themselves more. "prudent" WTF would they know on the subject?
florenceorbis: Dividend -- No 2021 interim dividend is being declared. We recognise the importance of dividends to shareholders and intend to recommence dividends to shareholders when it is prudent to do so. 2021 OUTLOOK BROADLY UNCHANGED -- The factors we set out in our Preliminary Results in February that we expect to impact our 2021 full year outlook remain relevant. -- Bord Gáis Energy's Whitegate CCGT remains offline having experienced a forced outage in December 2020, and it is currently expected the power station will be back online towards the end of 2021. Adjusted operating profit is expected to be negatively impacted by up to GBP40m, at the upper end of the previously guided GBP25m-GBP40m range, due to lost revenue and higher market power price exposure to meet customer demand. -- We still forecast that Energy Company Obligation (ECO) costs in British Gas Energy will be around GBP80m higher for the full year than in 2020, and this level of spend is projected to continue into 2022. -- We also still expect to benefit materially from our significant restructuring programme, with year-on-year operating cost savings of more than GBP100m. Combined with the impact of colder weather conditions in the UK, we continue to expect to see some margin recovery in British Gas Energy in 2021 when compared to 2020 despite a fall in underlying consumption, a reduction in customer numbers and the higher ECO costs. -- The increase in wholesale commodity prices are starting to benefit our Upstream businesses, however full year Spirit Energy gas and oil production volumes are now expected to be around 15%-20% lower in 2021 than in 2020. We will see additional depreciation of around GBP40m in H2 2021 as a result of the write-backs on Spirit Energy assets. On Nuclear, we have greater clarity on the future of some stations, however nuclear generation is expected to be lower in 2021 than in 2020 given H1 2021 output and current plant outages. -- In addition, the remaining legacy gas contract in Energy Marketing and Trading is now expected to make a full year operating loss in 2021 around the upper end of the previously provided GBP50m-GBP100m per annum range, reflecting recent commodity price moves. -- Although Covid-19 had a material impact on the financial result in H1 2021, the easing of restrictions are expected to result in some recovery in business energy demand in H2 2021. In addition, we expect to see a return to more normal levels of services and solutions workload. However, we remain cautious on the potential for incremental working capital outflow and higher bad debt costs due to an uncertain economic outlook and the end of various government support schemes. -- We will continue with our strong focus on free cash flow, in particular a tight discipline on operating costs, cash restructuring and capital expenditure.
florenceorbis: Dividend -- No 2021 interim dividend is being declared. We recognise the importance of dividends to shareholders and intend to recommence dividends to shareholders when it is prudent to do so.
disc0dave45: TBIThat's old news old chap and they did not increase debt the revised their covenants and deferred payments. You need to get up to speed rather than posting incorrect info.They have stated that they now have sufficient headroom and funds to maintain operations even if the travel part of the group is completely shut down until April 2022.As posted previously, this is the CNA thread, please stick to the subject matter, namely CNA.How are CNA going to generate any growth now they've sold a business that generated 57% of their profits?Thanks
hamhamham1: Am sure someone has prob already posted this from proactive investors.. Centrica now "squarely in the value camp", says RBS 2021-04-06 15:27:00 Although previously thought of as an income play, Centrica has not declared a dividend since 2019 and now “can be placed squarely in the value camp”, RBC asserts. Centrica PLC - Centrica PLC (LON:CNA) has fully repaired its balance sheet and a return to dividend payments is on the cards, according to RBC. “Many uncertainties remain in the CNA [Centrica] investment case including pensions, ongoing industrial action, a potential E&P [exploration & production] disposal and no clear guidance from management on earnings or dividends,” the broker said in a research note. “This sounds like a long list of reasons not to buy CNA shares; however, we see 2021 as a turnaround year and expect clarity to emerge in the coming months. Our revised EPS [earnings per share] forecasts sit towards the top of street estimates, and we reiterate our Outperform recommendation with an increased PT of 75p/sh, capturing an improved outlook for British Gas,” it added.
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