Diverse Income Share Discussion Threads

[sarkasm] 05/10/2018 10:38

SHELL


November 1, 2018 Third quarter 2018 results and third quarter 2018 interim dividend announcement

[the grumpy old men] 26/9/2018 10:25

4 surprising dividend growth shares? AstraZeneca plc, Barclays PLC, Glencore PLC and BP plc
Do these stocks offer upbeat dividend growth outlooks? AstraZeneca plc (LON:AZN) (AZN.L), Barclays PLC (LON:BARC) (BARC.L), Glencore PLC (LON:GLEN) (GLEN.L) and BP plc (LON:BP) (BP.L)
September 26, 2018 Robert Stephens FTSE 100




Barclays
Barclays

The dividend growth outlooks of AstraZeneca plc (LON:AZN) (AZN.L), Barclays PLC (LON:BARC) (BARC.L), Glencore PLC (LON:GLEN) (GLEN.L) and BP plc (LON:BP) (BP.L) could be relatively strong in my view.

After a number of years without rising dividends, AstraZeneca is expected to increase shareholder payments in the next financial year. The company’s investment in its pipeline looks set to pay off, with EPS growth of 12% in 2019 being forecast by the stock market.

With the company having an increasingly strong position in a number of key markets, its long-term outlook appears to be improving. A dividend yield of 3.7% may not be the highest in the FTSE 100, but AstraZeneca’s dividend growth potential seems to be high.

After freezing its dividend in the last couple of years to focus on rebuilding its balance sheet, Barclays is expected to deliver strong dividend growth over the next two years.

In fact, by 2019 its dividend payments are forecast to be around 170% higher than they were in 2017. This puts the stock on a forward yield of 4.5%, and suggests that Barclays could be a surprise income option in the long run.

Glencore’s share price performance has been relatively disappointing of late. Regulatory concerns and a stronger dollar have caused investor sentiment to come under a degree of pressure.

This means that the mining company now has a dividend yield of around 5%. In my view, this provides it with income investing appeal. Clearly, it is a relatively risky and volatile stock which lacks the resilience of some of its FTSE 100 peers. But with a P/E ratio of 9, I feel that Glencore’s risk to reward ratio is relatively appealing.

BP’s financial prospects have improved significantly in recent months. A rising oil price means that the company’s EPS growth is expected to positive, although its dividend yield still stands at over 5% in spite of a share price increase.

With the BP share price having a P/E ratio of around 13, I feel that it offers good value for money. Since I believe that the oil price could move higher, the stock could deliver improving dividend growth over the medium term.




About Robert Stephens 4396 Articles
Robert Stephens is a CFA Charterholder and an Equity Analyst by trade. He is a passionate private investor who has been buying and selling shares for many years, owning a wide range of UK shares in the process. He has written for Citywire and The Motley Fool US and now runs his own business. To contact Robert, please email [e-mail] or use one of the other contact methods available on the 'Contact Us' page

[waldron] 03/9/2018 17:19

Royal Dutch Shell Q2 2018 Euro and GBP Equivalent Dividend Payments
03/09/2018 5:12pm
UK Regulatory (RNS & others)


TIDMRDSA TIDMRDSB

ROYAL DUTCH SHELL PLC SECOND QUARTER 2018 EURO AND GBP EQUIVALENT DIVIDEND
PAYMENTS

The Hague, September 3, 2018 - The Board of Royal Dutch Shell plc ("RDS") today
announced the pounds sterling and euro equivalent dividend payments in respect
of the second quarter 2018 interim dividend, which was announced on July 26,
2018 at US$0.47 per A ordinary share ("A Share") and B ordinary share ("B
Share").

Dividends on A Shares will be paid, by default, in euro at the rate of EUR0.4048
per A Share. Holders of A Shares who have validly submitted pounds sterling
currency elections by August 24, 2018 will be entitled to a dividend of 36.50p
per A Share.

Dividends on B Shares will be paid, by default, in pounds sterling at the rate
of 36.50p per B Share. Holders of B Shares who have validly submitted euro
currency elections by August 24, 2018 will be entitled to a dividend of EUR0.4048
per B Share.

This dividend will be payable on September 17, 2018 to those members whose
names were on the Register of Members on August 10, 2018.

Taxation - cash dividend

Cash dividends on A Shares will be subject to the deduction of Dutch dividend
withholding tax at the rate of 15%, which may be reduced in certain
circumstances. Non-Dutch resident shareholders, depending on their particular
circumstances, may be entitled to a full or partial refund of Dutch dividend
withholding tax.

If you are uncertain as to the tax treatment of any dividends you should
consult your own tax advisor.

Royal Dutch Shell plc

[florenceorbis] 29/8/2018 10:08

Pernod Ricard SA.(RI.FR) said Wednesday that it will raise its dividend for fiscal 2018 after earnings increased, helped by a reduction in expenses.

The Paris-based premium spirits company's net profit was 1.58 billion euros ($1.85 billion) in 2018, a 13% on-year increase, it said. Pernod Ricard attributed the rise to a reduction in financial expenses. Analysts had expected net profit to come in at EUR1.5 billion, according to a consensus estimate from FactSet.

Pernod Ricard delivered sales of EUR8.99 billion for 2018, down 0.3% on a reported basis and just shy of FactSet's EUR9.02 billion consensus estimate. The company said sales in the fourth quarter came to EUR1.93 billion.

For the current fiscal year 2019, Pernod Ricard is aiming for 5% to 7% organic growth on its profit from recurring operations.

The maker of Absolut vodka and Jameson whiskey said it will pay a dividend for fiscal 2018 of EUR2.36, up 17% from the previous fiscal year.



Write to Cristina Roca at [e-mail]; @_cristinaroca



(END) Dow Jones Newswires

August 29, 2018 02:02 ET (06:02 GMT)

[adrian j boris] 25/8/2018 13:20

Will Royal Dutch Shell Follow Its Peers And Raise Its Dividend?
Aug. 25, 2018 1:57 AM ET|
24 comments
|
About: Royal Dutch Shell plc (RDS.B), RDS.A
Aristofanis Papadatos
Aristofanis Papadatos
Oil & gas, portfolio strategy, value
Aristofanis Papadatos
(3,851 followers)
Summary

Royal Dutch Shell has not cut its dividend since World War II and is currently offering a 5.6% dividend yield.

The oil major has frozen its dividend for 18 consecutive quarters.

The big question is whether it will raise its dividend amid excessive free cash flows and a brightening outlook of the oil sector.

Royal Dutch Shell (NYSE:RDS.A) (NYSE:RDS.B) is an oil giant that has benefited from the rally of the oil price in the last 12 months, just like its peers. However, the oil major has paid the same dividend for 18 consecutive quarters, as it froze its dividend at the onset of the downturn of the oil market that began in 2014. Therefore, the big question is whether the company will raise its dividend in the upcoming quarters.
Dividend record

Despite the downturn that began in 2014, Exxon Mobil (XOM), Chevron (CVX) and Total (TOT) have continued to raise their dividends, albeit at a low single-digit rate. BP (BP) followed the same path as Shell and froze its dividend for 15 consecutive quarters, but eventually raised it in the running quarter, thanks to the strength of the oil price and the brightening outlook of the oil market. Therefore, Shell is the only oil major that has kept its dividend flat for such a long period.

While Shell is not a dividend aristocrat, it has an exceptional dividend record. To be sure, it has not cut its dividend since World War II. This degree of consistency is extremely rare, particularly for a cyclical stock, and is a testament to the strength of its business model and its execution.

On the other hand, Shell has remarkably slowed its dividend growth rate in the last decade, as it has raised it at an average rate of only 2.7% per year. This rate is much lower than that of its American peers. Nevertheless, the current 5.6% dividend yield of Shell is much higher than the 4.1% and 3.8% yields of Exxon and Chevron, respectively. If Shell resumes raising its dividend, it will have a much more attractive dividend than its American peers.
Free cash flows

Just like the other oil majors, Shell is highly leveraged to the oil price. Consequently, when the oil price began to plunge in 2014, the upstream segment of Shell, which used to generate the vast majority of its total earnings (~90%), saw its earnings collapse. As a result, the earnings of Shell in 2015 and 2016 came out 87% and 75% lower, respectively, than those in 2014. In addition, the free cash flows of the company plunged and hence they were insufficient to fund its dividend.

However, thanks to the production cuts of OPEC and Russia, and the drastic investment cuts of all the oil producers during the downturn, the oil market has eliminated its supply glut and has become much tighter this year. As a result, the oil price has enjoyed a strong rally since last summer and is now trading near a 3.5-year high. This rally has resulted in a great rebound of the free cash flows of Shell, which have bounced from -$1.5 B in 2016 to $14.8 B in 2017 and $8.9 B in the first half of this year. Hence the free cash flows of Shell have increased so much that they can easily cover the approximate $13 B in annual dividends. It is remarkable that Shell recently surpassed Exxon in annual operating cash flows ($35.7 B vs. $30.1 B) for the first time in about two decades.

Moreover, thanks to the recent fierce downturn of the oil sector, Shell has greatly improved its efficiency. It has reduced its operating expenses by 35% in the last four years while it has focused on investing in high-quality oil reserves, with markedly low breakeven prices. Furthermore, the company expects more than 700,000 barrels/day from projects that will start up this and next year. Overall, thanks to the strength in the oil price and expected production growth, the management of Shell expects the free cash flows to hover around $30 B per year during 2019-2021.

Such a level can easily cover not only the current dividend but also meaningful hikes in the upcoming years.

Management has noticed the excessive cash flows and recently initiated a 3-year share buyback program worth $25 B. Moreover, it has turned off the scrip dividend and thus it now pays the dividend only in cash, not in shares anymore. These two moves reflect the confidence of management in the brightening outlook of the company. As long as the oil price remains strong, which is the most likely scenario, the next move of the company will be to raise its dividend.
Final thoughts

After a fierce downturn in its sector, Shell has emerged stronger, with its free cash flows reaching all-time high levels. This is an outstanding achievement, as the price of oil is still about 30% lower than it was before the downturn that began in 2014. This performance confirms that Shell utilized the downturn in a highly productive way by cutting its expenses and investing only in high-return growth projects. Thanks to its excessive free cash flows and its exciting prospects, the oil giant has turned off its scrip dividend and has initiated a gigantic buyback program. The next move in its shareholder distribution policy will be to raise its dividend. Investors should expect a dividend hike in the upcoming quarters.

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

[waldron] 08/8/2018 12:04

Should you buy the Glencore share price for its massive 10% shareholder yield?

Rupert Hargreaves | Wednesday, 8th August, 2018 | More on: GLEN RIO
Image source: Getty Images.

Glencore (LSE: GLEN) has tested its investors’ nerves over the past five years. Between July 2014 and July 2015, the share price fell 24% excluding dividends, compared to a decline of 2.5% for the FTSE 100.

Unfortunately, this was just the start. Over the next six months, to the end of January 2016, the stock cratered a further 65%. A dividend cut, then rights issue only added to the pain. However, since reaching the low in January 2016, the Glencore share price has undergone a miraculous recovery.

Today the company is undoubtedly one of the FTSE 100’s top income and growth stocks. But considering the commodity trader’s rocky past, should you buy the shares?
A miraculous turnaround

Since 2016, Glencore’s management has helped restore investor confidence by aggressively reducing debt and selling off assets. Higher commodity prices have also supported the business.

Today the group released its numbers for the first half of 2018, which clearly show how far the firm has come over the past two-and-a-half years. Adjusted earnings before interest, tax, depreciation and amortisation jumped 23% year-on-year to a record $8.3bn. Revenue was $108.5bn, against $100bn a year earlier. Net debt dropped to $9bn, from $10.7bn in the same period last year.

Adjusted EBITDA came in slightly below the City’s target of $8.5bn because the company struggled to sell 32,000 tonnes of copper. Management is confident it should be able to find buyers for this inventory in the second half.

With profits booming, Glencore’s management, led by Ivan Glasenberg (its founder and majority shareholder) is shifting its focus from growth towards shareholder returns. So far this year, the company has announced $4.2bn of cash payouts and stock repurchases, equivalent to 29 US cents per share.

According to my numbers, at the current rate of exchange, $0.292 is equal to 22.5p per share. Including debt reduction of $1.7bn or 9p per share, Glencore’s current shareholder yield is 9.7%. The shareholder yield captures the three ways of returning company cash to investors: debt paydown, share buybacks, and dividends.

And as the company exits recovery mode, I believe these healthy cash returns are set to continue, making Glencore, to my mind, one of the best investments in the FTSE 100.
Cash bonanza

Glencore isn’t the only miner chucking off cash. Iron ore giant Rio Tinto (LSE: RIO) also recently announced a record cash return to investors after several years of restructuring. Earlier this month, the company announced a $7bn cash windfall for investors. Rio plans to pay a record interim dividend of $2.2bn and add $1bn to its share buyback programme. Also, management is looking to return $4bn of asset sale proceeds to shareholders.

Even though the targeted $7bn cash return is a colossal figure, it pales in comparison to last year’s total distribution of $10bn, which amounted to 50% of shareholder returns for the entire mining sector.

Figures compiled by the Financial Times show that since 2013, Rio has returned $35.5bn to shareholders or 36% of its current equity market value. With the group targeting a further $5bn in efficiency savings from operations, and iron ore prices stabilising, it looks as if this trend can continue.

Based on the current dividend projections, shares in Rio yield 5.8%. The stock trades at a forward P/E of 10.6.

[the grumpy old men] 04/8/2018 09:00

Ex-dividend date August 9, 2018

Record date August 10, 2018

Closing of currency election date (Note 1) August 24, 2018

Pounds sterling and euro equivalents announcement date September 3, 2018

Payment date September 17, 2018

Notes

Note 1:

A different currency election date may apply to shareholders holding shares in a securities account with a bank or financial institution ultimately holding through Euroclear Nederland. This may also apply to other shareholders who do not hold their shares either directly on the Register of Members or in the corporate sponsored nominee arrangement. Shareholders can contact their broker, financial intermediary, bank or financial institution for the election deadline that applies.

Taxation - cash dividends

Cash dividends on A Shares will be subject to the deduction of Dutch dividend withholding tax at the rate of 15%, which may be reduced in certain circumstances. Non-Dutch resident shareholders, depending on their particular circumstances, may be entitled to a full or partial refund of Dutch dividend withholding tax.

Furthermore, in April 2016, there were changes to the UK taxation of dividends. The dividend tax credit was abolished, and a tax free dividend allowance introduced, this was £5,000 for the 2016/17 and 2017/18 tax years and reduced to £2,000 for the 2018/19 tax year. Dividend income in excess of the allowance is taxable at the following rates: 7.5% within the basic rate band; 32.5% within the higher rate band; and 38.1% on dividend income taxable at the additional rate.

[grupo guitarlumber] 31/7/2018 09:42

LONDONLOVESBUSINESS

BP profit jumps, hikes dividends for first time since 2014
0
By Purvai Dua at 8:01 am July 31, 2018 Business News, Energy, London News, World News

BP has reported $2.8bn in second-quarter profit, four times the amount it reached last year, amid higher oil prices.

The oil giant has also hiked its dividend for the first time in four years– the dividend was increased by 2.5 per cent to 10.25 cents a share.

BP’s underlying replacement cost profit also exceeded forecasts of $2.7bn, according to a company-provided survey of analysts.

It earned $0.7bn a year earlier and $2.6bn in the first quarter.

“We changed our strategic direction six quarters ago, this is the sixth quarter in a row we’ve been at or above expectations. The company’s got momentum, it feels good,” chief executive Bob Dudley added.

[the grumpy old men] 26/7/2018 10:32

In accordance with the Board of Directors decision of February 7, 2018 regarding the 2018-20 shareholder return policy, the second 2018 interim dividend is set at 0.64 euro per share, an increase of 3.2% compared to the three interim dividends and the final dividend paid for the 2017 fiscal year. This interim dividend is stable compared to the first 2018 interim dividend.



The Board of Directors will meet on December 12, 2018, to declare the conditions of this second 2018 interim dividend payment.



According to the fourth resolution adopted by the Combined General Meeting of June 1, 2018, the option to pay this second 2018 interim dividend in new shares of the company will be proposed and the payment will be made according to the following timetable:



Ex-dividend date December 18, 2018



Period to elect to receive December 18, 2018 to



the payment in new shares January 2, 2019



Payment date in cash January 10, 2019



or shares issued in lieu of cash



Holders of Total's American Depositary Receipts ("ADRs") will receive the second 2018 interim dividend in dollars based on the then-prevailing exchange rate according to the following timetable:



ADR ex-dividend date December 14, 2018



ADR record date December 17, 2018



ADR payment date in cash January 17, 2019



or shares issued in lieu of cash



Registered ADR holders may also contact JP Morgan Chase Bank for additional information. Non-registered ADR holders should contact their broker, financial intermediary, bank or financial institution for additional information.

[aleman] 19/6/2018 11:00

Some might want to look at BON for a portfolio of high yield shares. Divi just increased. Yield still nearly 7% even though shares have risen.

[waldron] 11/6/2018 18:42

11 June 2018

BP p.l.c.

First quarter interim dividend for 2018

Payments of dividends in sterling

On 1 May 2018, the Directors of BP p.l.c. announced that the interim dividend for the first quarter 2018 would be US$0.10 per ordinary share (US$0.60 per ADS). This interim dividend is to be paid on 22 June 2018 to shareholders on the share register on 11 May 2018. The dividend is payable in cash in sterling to holders of ordinary shares and in US dollars to holders of ADSs. A scrip dividend alternative has been made available for this dividend allowing shareholders to elect to receive their dividend in the form of new ordinary shares and ADS holders in the form of new ADSs.

Sterling dividends payable in cash will be converted from US dollars at an average of the market exchange rate over the four dealing days from 5 to 8 June 2018 (GBP1 = US$1.34345). Accordingly, the amount of sterling dividend payable in cash on 22 June 2018 will be:

7.4435 pence per share.

Details of the first quarter 2018 dividend and timetable are available at www.bp.com/dividends and details of the Scrip Dividend Programme are available at www.bp.com/scrip.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

DIVGIGDLIBBBGIB

(END) Dow Jones Newswires

June 11, 2018 04:21 ET (08:21 GMT)

[the grumpy old men] 08/6/2018 07:50

08/06/2018 | 7:56
Saint-Gobain announces that at the end of its combined general shareholders' meeting, Pierre-André de Chalendar has been reappointed by the Board of Directors as Chairman of the Board and Chief Executive Officer.

The general meeting also approved the amendment of Saint-Gobain's bylaws to provide for the appointment of two directors representing employees on the board, regardless of its size.

Finally, it approved the distribution of a dividend of 1.30 euro per share (against 1.26 euro for 2016), with full cash payment. It will be detached from the action on June 11 and will be paid as of June 13.

[la forge] 05/6/2018 07:20

ROYAL DUTCH SHELL PLC FIRST QUARTER 2018 EURO AND GBP EQUIVALENT DIVIDEND
PAYMENTS

The Hague, June 4, 2018 - The Board of Royal Dutch Shell plc ("RDS") today
announced the pounds sterling and euro equivalent dividend payments in respect
of the first quarter 2018 interim dividend, which was announced on April 26,
2018 at US$0.47 per A ordinary share ("A Share") and B ordinary share ("B
Share").

Dividends on A Shares will be paid, by default, in euro at the rate of EUR0.4011
per A Share. Holders of A Shares who have validly submitted pounds sterling
currency elections by May 25, 2018 will be entitled to a dividend of 35.18p per
A Share.

Dividends on B Shares will be paid, by default, in pounds sterling at the rate
of 35.18p per B Share. Holders of B Shares who have validly submitted euro
currency elections by May 25, 2018 will be entitled to a dividend of EUR0.4011
per B Share.

This dividend will be payable on June 18, 2018 to those members whose names
were on the Register of Members on May 11, 2018.

[aleman] 23/5/2018 11:16

NAH's AGM update indicates still trading in line. Forecasts continue to indicate a low P/E and hefty yield at 124p. Earnings are expected to rise, though with a cloud of regulatory uncertaintly overhanging part of the business and a weak housing market affecting another.

2018 2019
Broker Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)
Arden Partners 20/03/18 BUY 13.10 18.07 9.18 17.75 19.04 9.66
FinnCap 20/03/18 CORP 13.60 19.40 9.70 18.80 20.40 10.20

[the grumpy old men] 21/5/2018 06:41

21/05/2018 | 7:28
Engie announced Friday night that its mixed general meeting has appointed Jean-Pierre Clamadieu president by the board of directors, replacing Gérard Mestrallet whose term as director ended and who was named honorary chairman.

In addition, to fill the position vacated by the State given its current stake in the energy group, the shareholders approved the appointment as independent director of Ross McInnes, then appointed member of the audit committee.

Shareholders also approved the dividend for 2017, set at 0.70 euro per share. Its balance, or 0.35 euro per share, will be detached May 22 and paid on May 24, the deposit of 0.35 euro per share was paid on October 13, 2017.

[knowing] 15/5/2018 07:48

Hi Kirk, RBN is on the list. The final yields 4.29%

[kirk 6] 14/5/2018 20:15

Ps UPGS looks like it's ready to step up a gear this week

[kirk 6] 14/5/2018 20:14

RBN looks quite cheap when and how much is the dividend yield can't see it on the list?! Only 11m mkp

[knowing] 14/5/2018 13:07

Already have a few following the drop. Currently watching RBN and TXH as both have big yields

[kirk 6] 14/5/2018 13:05

Look at UPGS seriously cheap stock and pays a decent dividend