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DIVI Diverse Income Trust (the) Plc

87.60
-0.40 (-0.45%)
Last Updated: 16:03:36
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Diverse Income Trust (the) Plc LSE:DIVI London Ordinary Share GB00B65TLW28 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.40 -0.45% 87.60 271,808 16:03:36
Bid Price Offer Price High Price Low Price Open Price
87.40 88.60 87.60 87.60 87.60
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Unit Inv Tr, Closed-end Mgmt -55.09M -62.92M -0.1739 -5.04 317.04M
Last Trade Time Trade Type Trade Size Trade Price Currency
15:58:09 O 15,000 88.70 GBX

Diverse Income (DIVI) Latest News (1)

Diverse Income (DIVI) Discussions and Chat

Diverse Income Forums and Chat

Date Time Title Posts
25/4/202411:39DIVIDENDS: For those that are trying to keep what was already hard earned692
15/6/202322:18:::::: The Diverse Income Trust ::::::88
27/10/201519:12dividend dates2
03/12/201123:31GO FOR THE DIVIDEND.26
27/3/200915:03Dividend Question9

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Diverse Income (DIVI) Top Chat Posts

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Posted at 25/4/2024 09:20 by Diverse Income Daily Update
Diverse Income Trust (the) Plc is listed in the Unit Inv Tr, Closed-end Mgmt sector of the London Stock Exchange with ticker DIVI. The last closing price for Diverse Income was 88p.
Diverse Income currently has 361,920,105 shares in issue. The market capitalisation of Diverse Income is £317,042,012.
Diverse Income has a price to earnings ratio (PE ratio) of -5.04.
This morning DIVI shares opened at 87.60p
Posted at 13/4/2024 10:40 by wynterwilde
Hi guys

Does anyone have an opinion on which is the best (ie safe and with good divi.......)
ETF as an income?

I hold Legal and General International Index Trust as an Accumulation, and could of course also buy their income version, but I'd prefer to diversify.

I can't find a 'fund' thread....is there one?

TIA
Posted at 25/1/2024 10:27 by adrian j boris
HSBC regains crown as top UK dividend payer for first time since GFC

Overall 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 08:12 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 20:11 by fordtin
marmar80 -

They were paying a dividend yield of just over 8% when I first bought i3E shares. If it was "wrong paing very high dividends" iro 8% then, it must still be "wrong paing very high dividends" iro 8% now.

Coincidentally, at half the share price and half the dividend, they're back to being "wrong paing very high dividends" iro 8%.
Posted at 23/5/2023 11:36 by spangle93
Just a flag, which I've already mentioned to bluemango

Petrotal, an oil production company with a single simple production asset in Peru, has grown production and revenue over the last 3-4 years, such that it has paid off all debt and is intending to pay its maiden dividend next month. As its shares are also significantly undervalued vs. peers, it has also announced a share buyback program, which commenced last week




"PetroTal is pleased to confirm that its cash dividend of US$0.015 per common share in respect of Q1 2023 operations will paid according to the following timetable:

Ex-dividend date: May 30, 2023
Record date: May 31, 2023
Payment date: June 15, 2023

The dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). Shareholders outside of Canada should contact their respective brokers or registar agents for the appropriate tax election forms regarding this dividend.

Commencement of the Share Buyback Plan
PetroTal is pleased to commence a share buyback plan of approximately US$3 million per quarter (up to a maximum of US$12 million in the current program), following approval by the TSX of the Company’s NCIB program (“Program“).

With a current share price of 45p, and an annual dividend of 6 US cents (about 4.8p) the nominal yield will be over 10%pa.

However, it is probable that with-holding tax will be due if not held in a SIPP - this is not yet confirmed

Market cap is £440MM. Latest company presentation (link below) has a forecast EBITDA for 2023 of US$220MM, though this is obviously dependent on oil price received and meeting production plan.


I should caveat by saying that I'm a holder of this stock, but it does look a great inflexion point for share price growth and income
Posted at 27/12/2022 11:23 by spangle93
Just a note to reinforce Divmad/Bluemango's recommendation of I3E, where I'm lucky enough to have an average purchase price of 8p, so my effective dividend is 25% :-)

The board stated on 22 Dec "As part of the i3's commitment to its total return model, the Company is increasing its 2023 minimum dividend by 59.4% above the total dividends paid during 2022 to £ 24.475 million, through an increased monthly dividend of 0.171 p/share - equating to an annual dividend of 2.052 p/share"

I3E drilled an appraisal well in the North Sea in October this year. Unfortunately it did not prove an extension of an existing discovery, which affected the share price. Looking into 2023, there are no single well events of a similar magnitude - the company will progress the North Sea discovery towards a field development well that ties the original exploration back to third party infrastructure. However I3E is all about exploitation of, and production from, onshore resources in western Alberta, where is has sizeable acreage in new conventional plays that offer good rates of return, and where its inventory of hundreds of wells means that no one well will wildly affect the share price

Note: MINIMUM dividend. In 2022 the moonthly dividend was raised during the year.


Elsewhere in the hydrocarbons space DEC continues to offer a stable, rising quarterly dividend. I'm sure CASSINI would have brought it to people's attention. DEC is unique in oil and gas in that it makes its money from managing the decline of mature wells in the US, and operating infrastructure, rather than exploring for new finds, or developing discoveries. The latest quarter is 4.375 US cents, which would be 17.5c annualised (14.5p at $1.2 = £1). Current share price is 117p, so that's a nominal dividend of 12.4%. I am SO going to get shouted out here, but the majority of brokers and investors believe that this is subject to a withholding tax of 30%, or 15% if held in an ISA, or 0% if held in a SIPP. You'd also need to complete a W-8BEN form


One wildly left field oiler, which has so many red flags that it could be a May Day procession in Moscow, is CASP. Who? CASP. CASP has recently announced a maiden dividend, which turned out to be rather larger than any BB expert was imagining.

"The size of this maiden dividend is indicative of the levels to be expected in the future. The Board intends that the future dividends will be paid on a monthly basis, based on the higher of £1 million per month or a pay-out ratio of broadly 35-40% of free cashflows."

This equates to a distribution of 0.0444 pence/share, which has been succeeded by a second monthly dividend of the same magnitude.

CASP is on AIM and operates in Kazakhstan. The CEO and members of his family own a significant majority of the shares. Its communications with retail shareholders, and engagement with them, would not get a good rating on booking.com. RNS's are written by a mouthpiece for the company - the chairman - who is an accountant, so technical details often make no sense. Although Kaz isn't subject to sanctions, its oil export route is through the Urals so it's effectively treated as such the international price it can get for its oil is much lower than Brent.

HOWEVER, the concert party wants a return from the company, and now they are producing over 2000 bopd, they can pay dividends. If the monthly dividends continue, then at a share price around 4p, the annualised dividend would be 13.3%


Disclaimer - I hold each of these shares
Posted at 15/10/2022 13:33 by ariane
Here’s the BHP dividend forecast for 2022 to 2024

This 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 following year is ‘FY2024’.




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 ‘cyclical̵7; (mining companies’ profits rise and fall depending on commodity prices) and, therefore, quite volatile. For example, between mid-2014 and early 2016, BHP’s share price fell from near 1,600p to near 500p.


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
Posted at 29/7/2021 07:42 by waldron
The Hague, July 29, 2021 - The Board of Royal Dutch Shell plc ("RDS" or the "Company") today announced an interim dividend in respect of the second quarter of 2021 of US$ 0.24 per A ordinary share ("A Share") and B ordinary share ("B Share").

Chair of the Board of Royal Dutch Shell, Sir Andrew Mackenzie commented: "Shell's proven and sustainable cash generation across a range of macroeconomic scenarios has provided the Board confidence to increase shareholder distributions. As a result, the Board has decided to rebase the dividend per share to 24 US cents from the second quarter 2021 onwards."

Details relating to the second quarter 2021 interim dividend


Per ordinary share Q2 2021
RDS A Shares (US$) 0.24
RDS B Shares (US$) 0.24


It is expected that cash dividends on the B Shares will be paid via the Dividend Access Mechanism and will have a UK source for UK and Dutch tax purposes.

Cash dividends on A Shares will be paid, by default, in euros, although holders of A Shares will be able to elect to receive dividends in US dollars or pounds sterling.

Cash dividends on B Shares will be paid, by default, in pounds sterling, although holders of B Shares will be able to elect to receive dividends in US dollars or euros.

The pound sterling and euro equivalent dividend payments will be announced on September 6, 2021.


Per ADS Q2 2021
RDS A ADSs (US$) 0.48
RDS B ADSs (US$) 0.48


Cash dividends on American Depository Shares ("ADSs") will be paid, by default, in US dollars.

RDS A and B ADSs are listed on the New York Stock Exchange under the symbols RDS.A and RDS.B, respectively. Each ADS represents two ordinary shares, two A Shares in the case of RDS.A or two B Shares in the case of RDS.B. ADSs are evidenced by an American Depositary Receipt (ADR) certificate. In many cases the terms ADR and ADS are used interchangeably.

Dividend timetable for the second quarter 2021 interim dividend


Event Date
Announcement date July 29, 2021

Ex- Dividend Date for ADS.A and ADS.B August 12, 2021

Ex- Dividend Date for RDS A and RDS B August 12, 2021

Record date August 13, 2021

Closing of currency election date (see Note August 27, 2021
below)
Pound sterling and euro equivalents announcement September 6, 2021
date
Payment date September 20, 2021


Note

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.

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

Dividend Reinvestment Programmes ("DRIP")

The following organisations operate Dividend Reinvestment Plans ("DRIPs") which enable RDS shareholders to elect to have their dividend payments used to purchase RDS shares of the same class as those already held by them:

-- Equiniti Financial Services Limited ("EFSL"), for those holding shares
(a) directly on the register as certificate holder or as CREST Member and
(b) via the Nominee Service;

-- ABN-AMRO NV ("ABN") for Financial Intermediaries holding A shares or B
shares via Euroclear Nederland;

-- JPMorgan Chase Bank, N.A. ("JPM") for holders of A and B American
Depository Shares;

and

-- Other DRIPs may also be available from the intermediary through which
investors hold their shares.

Such organisations provide their DRIPs fully on their account and not on behalf of Royal Dutch Shell plc. Interested parties should contact DRIP Offerors directly.

More information can be found at

To be eligible for the next dividend, shareholders must make a valid dividend reinvestment election before the published date for the close of elections.






(END) Dow Jones Newswires
Posted at 08/7/2021 19:18 by waldron
These UK stocks are expected to pay bumper dividends – but beware of broken promises, research says

Published Thu, Jul 8 20214:33 AM EDT

Elliot Smith
@ElliotSmithCNBC

Key Points

AJ Bell highlighted in a report Wednesday that investors will need to look carefully at the 10 firms expected to yield the highest payouts to shareholders this year, since several of them have a record of being forced to cut dividends during challenging times.

Rio Tinto is the highest-yielding individual stock in the FTSE 100, with an expected yield of 12%, followed by BHP at 9.2%, Imperial Brands at 8.7% and Evraz at 8.5%.



LONDON — Total FTSE 100 dividend payments are expected to rise by a quarter this year to £76.9 billion ($106.3 million), meaning the U.K.’s leading index is set to yield 3.7% for 2021, according to data aggregated by British stockbroker AJ Bell.

Meanwhile the index’s average dividend coverage ratio, which measures the number of times a company can pay dividends to its shareholders, has improved to 1.83x, its highest level since 2014.

To supplement the higher dividends, many FTSE 100 companies have begun to announce share buybacks. A total of twelve firms have so far announced buybacks to the aggregate tune of £7.2 billion: Barclays, Berkeley, BP, CRH, Diageo, Ferguson, NatWest, Rightmove, Sage, Standard Chartered, Unilever and Vodafone.


Share buybacks are when a company purchases its own shares from the open market, driving up the share price.

AJ Bell highlighted in a report Wednesday that investors will need to look carefully at the 10 firms expected to yield the highest payouts to shareholders this year, since several of them have a record of being forced to cut dividends during challenging times.



Top 10 yielders

Rio Tinto is the highest-yielding individual stock in the FTSE 100, with an expected yield of 12%, followed by BHP at 9.2%, Imperial Brands at 8.7% and Evraz at 8.5%.

“Forecast of yields in the region of 10% may make investors a little wary, given the shocking record of firms previously expected to generate such bumper returns, including Vodafone, Shell, Evraz itself and – when they were still in the FTSE 100 – Royal Mail, Marks & Spencer and Centrica,” said AJ Bell Investment Director Russ Mould.

“All were forecast to generate a yield in excess of 10% at one stage or another and all cut the dividend instead.”


UK small-cap stocks to continue to benefit in the coming months, strategist says

Mould added that China’s reported discontent with surging iron ore prices may lead some investors to question the likelihood of such a bumper payment from Rio Tinto. Analyst consensus does not anticipate a repeat performance in 2022, he pointed out.

The remaining companies in the top 10 are Persimmon (7.7%), Admiral Group (7.6%), M&G (7.5%), British American Tobacco (7.5%), Anglo American (7.2%) and Phoenix Group (6.9%).

Miners and banks also dominate the list of 10 companies expected to make the biggest individual contribution to the £15.3 billion total increase in FTSE 100 dividends this year, the report highlighted, with HSBC, Barclays, Lloyds and NatWest all featuring.

‘Dividend aristocrats’

Mould suggested that investors will need to assess concentration risk — the danger of having too much exposure to a particular sector or type of stock — when it comes to dividends as well as earnings, an issue often associated with seeking income from the U.K. stock market.

He also highlighted that historically, the highest-yielding stocks do not prove to be the best long-term investments.

“Often defending a high yield can be a burden for a firm, as it sucks cash away from vital investment in the underlying business, or can be a sign that the company is in trouble and investors are demanding such a high yield to compensate themselves for the (perceived) risks associated with owning the equity,” Mould said.

BlackRock: Neutral on U.S. stocks, likes cyclicals, Europe and Japan markets

“The strongest long-term performance often comes from those firms that have the best long-term dividend growth record, as they provide the dream combination of higher dividends and a higher share price – the increased distribution will over time drag the share price higher through sheer force.”

The FTSE 100 currently has 15 firms which can evidence a 10-year dividend growth track record, with nine firms having dropped off that list since the pandemic.

Industrial equipment rental company Ashtead tops the list, with a total return of 3,425.4% between 2011 and 2020, followed by Intermediate Capital at 1,031.1% and the London Stock Exchange at 991.2%.

The firms, which Mould dubs “dividend aristocrats,” are: Scottish Mortgage (865%), Spirax-Sarco (734.8%), Halma (703.4%), Croda (369.4%), RELX (368.6%), DCC (311.8%), Diageo (259.2%), Hargreaves Lansdown (258.7%), United Utilities (175.2%), National Grid (163.5%), Sage (94%) and British American Tobacco (69.9%).
Diverse Income share price data is direct from the London Stock Exchange

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