Dignity Dividends - DTY

Dignity Dividends - DTY

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Stock Name Stock Symbol Market Stock Type
Dignity Plc DTY London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
5.00 0.85% 595.00 16:35:06
Open Price Low Price High Price Close Price Previous Close
586.00 571.00 600.00 595.00 590.00
more quote information »
Industry Sector

Dignity DTY Dividends History

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

Top Dividend Posts

wallywoo: The trouble I have with this investment is the lack of dividend return. I completely see it's resilience to any economy downturn, but I would expect good dividends. There doesn't seem to be any indications of a return and even a few years ago when they did pay one, the levels were very modest. Who knows when and if that will change, but mgt need to signal it clearly before I will be tempted to invest. Owning a share that is run purely for the benefit of employees and bond holders seems pointless!
yikyak: In basing for a significant rise I'm hoping, I took a position in DTY today.
mike24: used to hold dty, but their reviews on trustpilot give em a right bashing, shame told junior to buy some, my estimate by next easter up a couple of quid, but should be a lot more if....... nai
hatfullofsky: Just read that spudders..They're always very down on DTY. There are some less thank accurate facts too..Market Valuations is reported at £1.8bn rather than the £350m it is actually (50m shares in issue @700p).They don't mention the operating cash flow of £56m ( £22m net of financing costs).Yes there was a £50m fair value adjustment, which I did miss, just goes to show you really need to read the fine print !
jodiemarshmellow: Death rates falling and are responsible for the weak share price. Isn't that interesting when we are being told people were dying like flies in 2020 21 for this fake virus... Dont worry, though, shareholders as the vaccine takers will start dropping like flies in the next three years, and DTY will be overwhelmed with deaths, sadly.
hatfullofsky: Tongo, what's your view on first actions ? I'm thinking : 1 Sorting the Funeral plans (well they have stated that) 2 Listing the crematoria business As you know I have been harping on about the Crematoria business for a while. Listing it would be a big quick win. If we remove significant debt and retain control at an operational level we are a much stronger company, with further locations paid for by the new entity. It will also allow DTY to start paying a significant dividend.
hatfullofsky: I think DTY are making it as difficult as possible to vote. "Further details of the Resolutions and the General Meeting (including the procedures for participating and voting) are set out in the Circular" A copy of the circular published today will shortly be available on the Company's website www.dignityplc.co.uk and available at the National Storage Mechanism w hich is located at https://data.fca.org.uk/#/nsm/nationalstoragemechanism .
hatfullofsky: Has anybody found the circular on the DTY website
mr5k: Great cash performance and it seems a much needed cultural change is underway. Looks like a good decision to stop an expensive transformation project (£50m!!). Also the amount of money spent doubling the branch network (via acquiring other independents) to maintain market share at 11-12% is an indictment of the previous management but not surprising. All the major execs were accountants who were simply playing the p/e acquisition game - namely buying earnings on a 5 times multiple but being rewarded 20 by the market. Disappointed that they've not found a CEO and not comfortable with Whiley maintaining two highly paid Executive Chairmen roles in companies that are turnarounds. These situations require laser focus. I'd be voting with Phoenix for the removal of Whiley. Let's face it the share price started the rally when the requisition notice was announced. I think earnings should rebound next year as the mix improves and we start to see the benefit of the efficiencies. Over time the shares should get back to the original levels as DTY's scale will enable it to dominate digital advertising and the funeral planning. COOP will also do well. I'm thinking that the independents may struggle unless they can offer much better service but this will also be a focus for DTY through improved training and recruitment. DTY vertical integration with its branches, dominant position in cremation (76% of funerals are cremations in the UK) and pre paid funerals means it (and COOP) will dominate the market, making it harder for the independents. If you then add scale and access to capital (expertise to build crematoria) to the equation, the outlook for DTY is very good. It could be argued that the branches will eventually become an expensive overhead but death and mourning are traumatic and having someone to speak to will be important. It's critical that staff are well trained and not incentivised by profits and lead customers to making the right decisions for them. Anyways, I'm a happy long term holder and glad I bought last year.
the grumpy old men: Dividend Policy The Company has not paid a dividend since June 2019 and the Directors do not expect to pay dividends until the business has returned to a sustainable and stable financial footing, notwithstanding the fact that the Group retains significant cash resources and remains cash generative. The Directors understand the importance of optimising total shareholder return, as well as the need to maintain a balance between different groups of stakeholders, and it is the Directors' intention to return to paying a dividend as soon as they believe it is financially prudent for the Group to do so. Summary outlook Unfortunately, notwithstanding the significant progress the business has made since my appointment, our largest shareholder Phoenix Asset Management Partners, with whom we believed we were having a constructive dialogue in relation to the future strategy of the business, has chosen this moment to seek to assert what would, in effect, be executive control at Board level. Whilst, in my view, the Group is now sufficiently robust to sustain this wholly avoidable and unnecessary challenge, it is nonetheless an unwelcome distraction as we remain dedicated to dealing with the ongoing fallout from the pandemic. To minimise disruption, the independent directors have been charged with taking the necessary steps to convene the required general meeting of shareholders and they will share their views on the resolutions to be considered at that time. It will then be for shareholders to decide on the merits of the Phoenix proposal.
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