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CNA Centrica Plc

-2.85 (-1.9%)
04 Oct 2023 - Closed
Delayed by 15 minutes

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No Dividend Data for CNA

Top Dividend Posts

Top Posts
Posted at 27/9/2023 08:32 by skinny
Yesterday's Times :-

"Centrica also suffered because of a broker. This time it was Liberum, whose analysts reckon the recent rally in the British Gas owner’s share price, fuelled by increased buybacks and dividend growth, “has been overdone”, which dragged Centrica down 2p, or 1.1 per cent, to 166¼p."
Posted at 01/9/2023 16:19 by supermarky
looking at the cna chart every day makes me happy (the exact opposite of the bad old days a few years ago) :-)
Posted at 28/7/2023 16:10 by 2figaro
That's one lousy dividend after the profit they've made.
Posted at 28/7/2023 10:56 by supermarky
cna the place to be
Posted at 27/7/2023 08:51 by adrian j boris
nice to see debt costs down and divi up

British Gas profits soar by 889% (but not for the reason you might think)

Centrica plans to raise its interim dividend by 33% but cautions that its underlying profitability will ease significantly in the second half of the year.

James Sillars

Business reporter @SkyNewsBiz

Thursday 27 July 2023 08:37, UK
Posted at 27/7/2023 07:46 by garycook
So by the 33% increase in the Interim Dividend. Could that be a 2.67p Final giving a 4p annual ?
Posted at 27/7/2023 07:23 by boozey
Buyback extended by another £450M. Dividend up 33%. Help for customers, a cash pile that is over 40% of the market cap. £969M profit.... let's see how the market reacts to all that good news....
Posted at 01/7/2023 10:51 by the grumpy old men

Final dividend payment

Interim results
Posted at 17/4/2023 21:46 by ariane
Latest Dividends

Summary Previous dividend Next dividend

Status Paid Declared

Type Interim Final

Per share 1p 2p

Declaration date 28 Jul 2022 (Thu) 16 Feb 2023 (Thu)

Ex-div date 06 Oct 2022 (Thu) 08 Jun 2023 (Thu)

Pay date 17 Nov 2022 (Thu) 20 Jul 2023 (Thu)
Posted at 20/4/2022 10:11 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
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