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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Diverse Income Trust (the) Plc | DIVI | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
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|---|---|---|---|---|
| -1.70 | -1.97% | 84.80 | 16:35:24 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 84.80 | 84.80 | 87.00 | 84.80 | 86.50 |
| Industry Sector |
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| EQUITY INVESTMENT INSTRUMENTS |
| Top Posts |
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Posted at 25/1/2024 10:27 by adrian j boris HSBC regains crown as top UK dividend payer for first time since GFCOverall UK dividends down 3.7% Cristian Angeloni 25 January 2024 • 3 min read Last year, banks overtook any other sector in terms of dividend payments, something that has not happened since before the Global Financial Crisis, Computershare noted. Last year, banks overtook any other sector in terms of dividend payments, something that has not happened since before the Global Financial Crisis, Computershare noted. HSBC has topped the list of UK dividend payers for 2023, a spot it has not held since 2008, after fully restoring its quarterly payouts last year. Data from Computershare's Dividend Monitor published today (25 January) revealed 2023 marked the second consecutive year in which banks made the largest contribution to UK dividend growth, with payouts rising by almost a third to £13.8bn. European dividend payouts forecast to rise by 6.5% in 2024 Last year, banks also overtook any other sector in terms of dividend payments, an event that has not occurred since before the Global Financial Crisis, Computershare noted. However, overall UK dividends fell by 3.7% to £90.5bn over 2023, due to a decrease in one-off special dividends, although regular dividends grew by 5.4% to £88.5bn. Mark Cleland, CEO issuer services UK, Channel Islands, Ireland and Africa at Computershare, said: "The return to prominence by the banks is really remarkable. 13 years of rock-bottom interest rates made it very hard for the sector to make profits, but the need to quell inflation with higher interest rates means the last two years have delivered a dramatic turnaround. Bank investors are reaping the dividends of this reversal and we expect them to see even larger payouts in 2024." The oil and utility sectors followed suit, with high energy prices driving a 15.8% increase in dividends from the oil sector, whereas inflation-linked dividend policies drove record dividends from utilities. The biggest detraction came from the mining sector, the firm found, as commodity prices and profits weakened throughout the year. Total dividends paid by the mining sector dropped to £4.5bn - down more than a quarter year-on-year - including special dividends, which are "common in the highly cyclical industry", Computershare said. Despite this, the sector still accounted for £1 in every £8 distributed by UK companies in 2023. FTSE 100 dividend forecasts fall 10% for 2023 and 2024 The Dividend Monitor highlighted dividend growth was also slowed by large share buybacks undertaken last year, which impacted the total amount of dividends paid as their aim is to reduce the number of shares in issue. Computershare argued dividend growth would have been a third faster last year had buybacks not been issued, adding it would have been even faster if "a small proportion of buyback cash had been diverted to dividends". The report forecast a slower dividend growth for 2024 at 2%, with regular dividends expected to pay £89.8bn this year. However, special dividends are expected to recover and "at least make up for the negative impact of a stronger pound" and drive the headline total up 3.7% to £93.9bn. Cleland added: "There was a lot to be cheerful about in 2023, even if lower one-off payments masked the solid progress UK dividends made. UK plc is generating a lot of cash, which means underlying dividend growth was very encouraging in 2023. "Payouts may well remain below their pre-pandemic highs, but significantly larger share buyback programmes have provided an alternative route for channelling surplus capital to shareholders. These programmes also conceal the extent to which dividends are really growing by reducing the number of shares in issue. This is not to say that either buybacks or dividends are superior - they just represent a different way of cutting the cake." |
Posted at 23/1/2024 14:02 by the imperialist RCH? 11%+ Divi, but is it sustainable?Purchased today for technical reasons, but Divi investors might find today's price a good entry. |
Posted at 21/7/2023 08:24 by marmar80 Thanks for this post. Im new to i3e so any light on the past days is appreciated. My personal take, divi was too high, but they were led by the much higher oil proces due to the RU-UKR conflict. Reducing divi was a good move. They have also commited to drilling less wells this year, Im no bothered, this way they will not spend much cash on it. They have new 100M facility to acquire new business or expand drilling programme so no dilution to come. Institutional investors are buying now too so I'm convinced in doing well. Btw. I didn't avoid HUR, got my money back and retained DCUs which shiuld deliver extra cash within next 3 years. |
Posted at 21/7/2023 08:12 by spangle93 marmar - When I3E entered Canada, they talked about returning 30% of FCF to investors through dividends. That quoted figure has swung from 20-40%, but they've consistently said it. It took a fair while and a few court hearings, but they achieved that. They've also said that they would either acquire or drill, based on the oil price, and they've been pretty consistent with that philosophy too.At the end of 2021 they RNS'd "i3 has previously conveyed that it will distribute by way of dividends up to 30% of Free Cash Flow, defined by the Company as "Cash Flow from Operations minus Expenditures on Property, Plant & Equipment minus Expenditures on Exploration & Evaluation assets". With 2022 being planned as a particularly capital-intensive year, and with a flexible capital programme, forecasting the actual level of Free Cash Flow is more uncertain. As such, and to give clarity to i3's investors regarding next year's distribution, the Company is committing to pay a minimum of £11.827 million in dividends during 2022 (split equally and paid in conjunction with the release of its 2021 Annual and 2022 Interim Reports), equating to 1.05 pence per share - a 10.2% yield based on i3's current share price In May 2022, the Company increased the minimum dividend to be paid in 2022 by 25% from £11.827 million to £14.784 million. "The Company remains committed to delivering a sustainable monthly dividend as part of its total return model, with an underlying policy of distributing up to 30% of free cash flow back to shareholders. Due to strong operational, drilling and financial performance and supported by current cash flow forecasts, the Company intends to increase the committed dividend payment for 2022" So, the philosophy has remained constant, and the target of a 10% dividend seems common - the problems have been (1) accurate prediction of cash flow at the start of the year, and (2) using phrases like "sustainable", "Robust throughout the commodity cycle", which strongly implies to investors that they should not expect a cut. Indeed, the opposite is true - it will go up or down depending on the runway to sufficient cash. A more sustainable approach would be to pitch a dividend at a more modest but maintainable level, say 20% of FCF, and if during the year the FCF is higher than expected, pay a special dividend. P.S. On the flip side, well done for avoiding HUR. I did sell some at a high price, but will take a pasting on that overall. Also, credit should be given to I3E management for entering Canada - the purchase price for the Gain and Toscana assets was just ridiculously low for producing assets, at under $1/boe reserves. |
Posted at 20/7/2023 11:00 by fordtin I'm not sure about the i3E dividend being a "Very safe bet".They cancelled the monthly dividend over a week after shareholders were expecting it to be announced and still haven't given a firm commitment to pay the proposed replacement of a quarterly dividend with a pro-rata reduction of 50%. In the recent Q&A they put several caveats about loan covenants and commodity prices, which need to be met every quarter, before any future dividends can be declared. "Q12: The reasons for the Dividend & Capex Cut have been explained well and I think understood, can you explain the reasons for moving away from a monthly dividend - this was innovative and well received by Investors - why can this be maintained and reviewed and set quarterly after financial ratio checks etc. I cannot see how a loan agreement can affect the scheduling of dividend payments? Answered in Q8 "Q8: Was it reasonable and necessary to suspend monthly dividends entirely and with little notice when many investors will have factored in the regular payments to their budgets" "Q20: Can you please clarify the dividend policy going forward. Should shareholders prepare themselves for another dividend reduction and the possibility of a further move from quarterly dividends to bi-annual or annual, or no dividend at all?" |
Posted at 03/1/2023 12:55 by adrian j boris Ian Lyall09:18 Tue 03 Jan 2023 Undervalued UK stocks offer 'attractive' income potential, says City broker UK equities offer attractive opportunities for income-seeking investors in 2023, according to research from Shore Capital. While the FTSE 100 outperformed other major markets last year, the mid-caps didn’t and the valuation multiples of many domestic companies are at 'notable discounts' compared to their peers listed in other markets, the broker's analysts said in an outlook note. The FTSE All-Share Index has the highest dividend yield among the major equity regional markets, at over 4.1% for 2023. However, the overall outlook for equities in 2023 is 'complex' due to a range of domestic and international factors, they noted. One significant factor is the cost of living crisis in the UK, which has impacted both consumers and businesses. While the likelihood of a recession remains, it is unclear how long it will last and how deep it will be. Inflation, which reached a peak of over 11% in October 2022, is expected to fall back to around 4.5% by the end of 2023 as energy prices stabilise and supply-chain disruption eases, the Shore analysts said. If energy prices and inflation recede faster than currently anticipated, the Bank of England may also end its interest rate hiking cycle earlier, investors were told. Proactive |
Posted at 20/11/2022 11:39 by yump If you're dependent on dividend income, then surely it should be in an ISA.Also, surely there's a difference between investors and people who make a few grand trading an asset. Fed up of people who dabble being called investors. The loudest voices complaining and claiming 'investment' will suffer are the people who benefit from all the punters. |
Posted at 19/11/2022 11:28 by florenceorbis UK Capital Gains Tax Changes Deal Heavy Blow To InvestorsBy City A.M - Nov 18, 2022, 2:30 PM CST The Chancellor has slashed the exemption amount for capital gains tax and cut the dividend allowance in half today in a move that will strike a “heavy blow” to the UK’s entrepreneurs and investors. In the Autumn statement, Jeremy Hunt said the government would cut the dividend allowance from £2000 to £1000, with a further 50 percent cut due to come from April 2024, meaning that investors will now pay tax on dividends at a rate depending on their wider income. Entrepreneurs who pay themselves via dividends are also set to be hammered by the measures announced by Hunt today. A cut in the Capital Gains Tax threshold from £12,000 to £6,000 meanwhile is set to hit those with their cash outside ISAs and pensions tax wrappers, who will now pay a higher tax rate on their returns. Analysts say the dividend tax cut would choke off investment and dampen returns at a time when ministers should be encouraging investors to back UK firms. “A dividend tax that kicks in at just £500 of earnings by 2024 could disincentivize investing at a time when it is really needed to help the economy grow, and for millions of investors who are looking to do more with their money to stay ahead of the pernicious effects of inflation,” said Sam North, analyst at trading firm eToro. He added that slashing the allowance could lead to “unexpected outcomes” like people putting more money away from “typical FTSE income paying stocks to other growth focused – and typically riskier – investments elsewhere.” Analysts at Bowmore Asset Management said that the changes to capital gains tax and dividends were a “double whammy” against investors. “Whilst high net worth individuals are unlikely to feel much pain from this, for many small investors that increase in tax on dividends and capital gains is going to be significant,” said Charles Incledon, client director. “Cuts to this income could cause a real squeeze on the finances of many small investors, especially those who are retired and depend on dividend income from their shares. Bad news considering that we have a cost of living crisis at the moment.” By City AM |
Posted at 17/11/2022 14:57 by florenceorbis Autumn Statement 22: 'Double whammy against investors' with hit on dividend and CGT allowancesEmployers' NICs threshold frozen Valeria Martinez 17 November 2022 • 2 min read The government is halving the dividend tax allowance, Chancellor Jeremy Hunt has announced, falling from £2,000 to £1,000 next year and to £500 from 2024. The dividend allowance was introduced to help savers in 2017, explained Shaun Moore, financial planning expert at Quilter. Having initially been at £5,000, it has been frozen at £2,000 for the past five years, which covered the majority of savers' dividend income. The Chancellor's move will mean more people end up paying tax on their dividends, he said. "For a basic rate taxpayer, the reduction in the dividend allowance to £1,000 will mean they will end up paying £87.50 more in tax. Similarly, if you are a higher rate taxpayer this rises to £337.50 more in tax and £393.50 if you are an additional rate taxpayer. From April 2024, a basic rate taxpayer will pay £123.75 more, increasing to £506.25 and £590.25 for a higher rate and additional rate taxpayer respectively." Delivering his Autumn Statement at the House of Commons today, Hunt also said the annual capital gains tax exemption will fall from £12,300 to £6,000 next year, and then be cut to £3,000 from April 2024. "The cut in the dividend allowance and Capital Gains Tax threshold is a double whammy against investors," said Charles Incledon, client director at Bowmore Asset Management. "Cuts to this income could cause a real squeeze on the finances of many small investors, especially those who are retired and depend on dividend income from their shares. Bad news considering that we have a cost of living crisis at the moment," he added. Autumn Statement 22: Government unveils £13.6bn package to support business rates payers Think tank Capital Economics had said that another possible measure would be raising the dividend tax rate by 1.25 percentage points across all three tax bands, but Hunt did not confirm this in his speech. The chancellor also announced the government will freeze the employers' NICs threshold until April 2028. However, it will retain the Employment Allowance at its new, higher level of £5,000. According to Hunt, some 40% of all businesses will still pay no NICs at all. Meanwhile, the VAT registration threshold will be maintained at its current level until March 2026. Other measures include a series of "stealth" raids on income tax. The chancellor has also lowered the threshold at which people pay the 45p rate of income tax from £150,000 to £125,140. A month ago, Hunt, who was appointed Chancellor of the Exchequer on 14 October, ripped up the bulk of former chancellor Kwasi Kwarteng's Mini Budget, reversing nearly all the tax measures introduced in the 'Growth Plan' unveiled on 23 September. The measures he reversed included the £6bn cut in the basic rate of income tax, changes to dividend taxes, a VAT tax break for foreign shoppers and a freeze on alcohol duty. |
Posted at 15/10/2022 13:33 by ariane Here’s the BHP dividend forecast for 2022 to 2024This mining giant has paid out some huge dividends recently. Here, Edward Sheldon looks at the BHP Group dividend forecast for the years ahead. Edward Sheldon, CFA❯ Published 15 October, 8:47 am BST Mining powerhouse BHP Group (LSE: BHP) has been a bit of a cash cow for investors in recent years. Last financial year, for example, it rewarded shareholders with total regular dividends of USD $3.25 per share, which translates to a yield of about 13% at the current share price. Is the company set to continue paying out monster dividends going forward? Let’s take a look at the BHP dividend forecast for the years ahead. BHP dividend forecasts First, there are a couple of things to explain. The first is that BHP’s financial year ends on 30 June. So, the year ending 30 June 2023 is ‘FY2023’ The second is that BHP reports its financials, and declares its dividends, in US dollars. So, all forecasts are in dollars. This is important to note because the GBP/USD exchange rate is quite volatile at the moment. In other words, the yield on offer today could be quite different to the yield when the dividends are actually paid if exchange rates fluctuate. As for the forecasts, right now City analysts expect BHP to pay out $2.09 per share for FY2023 and $1.86 per share for FY2024. These projected payouts are lower than the $3.25 paid last financial year. However, they still translate to very high yields. At today’s share price and exchange rate, the projected payout for FY2023 equates to a prospective yield of 8.3% while the estimated payout for FY2024 translates to a prospective yield of 7.4%. Assuming that these dividend forecasts are accurate (analysts’ estimates can be way off the mark at times), BHP looks set to continue being a cash cow for investors. Are BHP shares worth buying for income? Would I buy BHP shares for the big dividends on offer? The answer to that question is actually no. One reason I’d pass on BHP is that the stock is ‘cyclical̵ I don’t see the point of collecting a 8% yield if the share price can potentially fall around 70% like it did here. I’d need many years of dividends to make up for that kind of capital loss. I prefer dividend stocks that are a little more stable in nature. Another issue for me is the fact that BHP tends to cut its dividend when business conditions are challenging. This is not ideal from an income-investing perspective. I prefer to invest in companies that consistently increase their dividend payouts year after year. I can rely on these kinds of businesses to provide me with a certain level of income. So, while the yield here does look very attractive, I won’t be buying the shares for my portfolio any time soon. Ed Sheldon has no position in any of the shares mentioned. The Motley Fool UK |
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