Diverse Income Share Discussion Threads

[waldron] 23/10/2017 10:57

Dividend payouts this year are on track for a record £94bn 23 October 2017 From the section Business Share this with Facebook Share this with Twitter Share this with Messenger Share this with Email Share Image copyright Antofagasta Image caption Mining companies paid out millions extra in dividends Shareholders are on track to receive a record £94bn in dividend payouts from UK listed companies this year, according to a study. It comes after payouts leapt to £28.5bn in the three months to September, a record for a third quarter. The increase, which includes a rise in special dividends, was driven by bigger payouts from mining companies. The previous annual record, according to the report from Capita Asset Services, was £88.1bn, paid in 2014. Capita's Dividend Monitor assessed data from firms listed on the London stock exchange's main market, which has more than 1,500 companies, of which the biggest are on the FTSE 100. The third-quarter payout was 14% up on the period last year, with two-thirds of the jump due to bigger dividends from London-listed mining companies. Justin Cooper, chief executive of Shareholder Solutions - part of Capita Asset Services - said: "We had high hopes for 2017, but the dividend seam is proving even richer than we expected, as the mining sector finds its footing again." Image copyright Evraz Image caption Russian steel and mining firm Evraz was among those paying out dividends Mr Cooper said: "Investors have struck gold as this year's haul easily smashes the previous record set in 2014. Generous payouts have been topped up by big exchange rate gains between January and June and very large special dividends, setting 2017 up to be a sparkling year." FTSE 100 miner Anglo American restarted its dividend six months earlier than expected, distributing £518m to shareholders. Meanwhile, BHP Billiton tripled its payout, and Evraz paid its first dividend in three years. Stripping out special dividends - typically one-off payments when companies are flush with the cash - investor payments lifted 13% to a record £27bn during the third quarter. Special dividends also picked up by 40% to £1.5bn over the period. The Capita report said the bumper payouts from the mining sector had forced the firm to tweak its full-year forecasts by more than £3bn, with headline dividends now expected to rise by 11% to £94bn for the year. Pay rise Mr Cooper added: "Exchange rate gains will be gone in 2018, unless the pound takes another jolt downwards as the Brexit talks unfold, and most of the big companies who cancelled dividends in recent years have already restarted them, so that additional sparkle will have dulled. "Even so, the overall value distributed by UK plc is likely to remain at or near 2017's record levels," he said. Companies have been criticised for raising dividends - especially special dividends - while wage rises and investment remain sluggish. Stephan Stern, director of the High Pay Centre, said it is undeniable that people benefit from higher dividends through pensions and investments, but added that some of the money could be put to better use. "People need a pay rise," he said. "And companies need to invest for the future in skills and training, and to improve productivity." He was also suspicious about motives of companies that make their shares attractive by paying higher dividends. "Top executives have an incentive to keep shares up, because they will benefit from healthy bonuses," he said. Capita's dividend study excludes investment companies, such as investment trusts, whose dividends rely on income from equities and bonds. Also, the figures are before tax.

[waldron] 13/10/2017 15:14

hTTps://seekingalpha.com/article/4113185-seven-oil-majors-paying-high-dividends-comparative-analysis?ifp=0

[waldron] 08/10/2017 07:38

LONDON: A “generous̶1; dividend policy would help to align the interests of Saudi Aramco investors and the government, S&P said in a report. The rating agency noted that a reduction in income tax rates for the larger hydrocarbons producers earlier this year means that the government will be encouraged to push the national oil company to offer attractive dividends when it floats. A plan to list Saudi Aramco in 2018 is on track, the company’s CEO confirmed this week. The flotation of about 5 percent of Saudi Aramco is a centerpiece of Vision 2030, a wide-ranging reform plan to diversify the Saudi economy beyond oil. The Kingdom this year reduced the tax rate for the largest oil producers like Saudi Aramco to 50 percent from 85 percent. That is in addition to a 20 percent royalty payment the company makes to the government. “The government will now be incentivized to encourage Saudi Aramco to follow a generous dividend policy to compensate for the reduction in tax revenues,” said S&P in a report published over the weekend that affirmed the Kingdom’s ratings. “In this way, the interests of investors and the government will be more aligned,” it said. Because the ultimate use of the proceeds from the IPO has not yet been defined, S&P did not factor them into its projections for the non-oil economy which it expects to grow by about 1 percent this year and next. The Kingdom is expected to “consolidate its public finances to ensure liquid assets are maintained” close to total economic output over the next two years, S&P noted. The agency affirmed its foreign and local currency rating and said the country had a stable outlook. Saudi Arabia last year announced the National Transformation Program (NTP) — which offers structure and detail to Vision 2030, the country’s blueprint for economic and social transformation. Among the targets included in the plan is the creation of 450,000 private sector jobs by the end of the decade and an increase of the private sector’s share of the economy to 60 percent from 40 percent in 2014. It also aims to boost education and increase home ownership to 52 percent by 2020 from 47 percent. The total budgeted cost of the NTP is more than SR268 billion ($71.4 billion) — or about 12 percent of gross domestic product (GDP). S&P expects the NTP could result in “accelerated economic growth” and an overall rebalancing of the economy. But it noted that much depends on achieving challenging targets over a number of years. The construction sector in the Kingdom still faces payment pressures and the industry accounts for about 8 percent of total bank loans, S&P estimates. It expects non-performing loans to rise to between 2 percent to 3 percent over the next two years from about 1.4 percent at the end of last year — largely due to construction exposure S&P said it expected Saudi Arabia’s external and government balance sheet positions to remain strong over the next three years. The IMF last week estimated that the Kingdom may get a budget boost of more than $90 billion by 2020 from new taxes and changes to subsidies but cautioned that it should slow the pace of reforms.

[ariane] 27/8/2017 14:06

Https://seekingalpha.com/article/4101596-nest-egg-portfolio-totals-5_8-percent-dividend-yield-sustainable?auth_param=124r8p:1cq5832:e4ab120a7b00f12bdeb76003085da95e&uprof=46&dr=1

[praipus] 23/8/2017 22:02

DIVI seem almost apologetic for having PUT option insurance in place. I actually don't understand why so many trusts dont use Options for Insurance! Surprised the FSA hasn't insisted that all trusts have an auditable rolling PUT options systems in place to protect investors especially those trusts with high levels of structural gearing, bank debt and broker facilities. In hindsight after good years it looks like a waist of money just like insurance but one tiny little 1987, 9/11, 2007/8 LTCM moment and we could be very greatful.

[peterbill] 22/8/2017 21:36

RESULTS FOR THE YEAR TO 31 MAY 2017 3.00p of ordinary dividends for the year The three interim dividends and the proposed final dividend for the year amount to 3.00p, compared with 2.80p in the previous year, an increase of 7.1%. The Company has also recommended a special dividend of 0.40p per share, which reflects a year when many special dividends were also paid by the companies in the portfolio. Revenue reserves increased to £15.5m Revenue reserves of the Group increased to £15.5m over the year. The reserves of the Company are available to be used to smooth the dividend distributions to shareholders in future years. 13.6% growth in capital The net asset value (“NAV”) per share rose from 91.02p to 103.43p over the year. This compares with an increase in the FTSE All-Share Index of 20.0% over the year to 31 May 2017.

[ariane] 04/8/2017 20:43

Claude Leguilloux, published on 04/08/2017 at 09h46 Engie: innovation (Boursier.com) - Engie is closed this Friday on the 13.70 euros, while Credit Suisse has adjusted up its target price on the record to 13.2 euros. The group's organic growth was 2.6% in the first half of 2017, with a turnover of 33.1 billion euros. On the same basis, EBITDA rose 4% % To 5 billion euros and current operating income of 2.5% to 3 billion euros. Recurring net income Group share showed solid organic growth of 15.5% at 1.5 billion euros. On the other hand, operating cash flow contracted quite sharply, from 4.7 to 3.5 billion euros. The group explained that it is making progress towards a more innovative, efficient and sustainable structure, as it is ahead of its transformation plan set for the period 2016 to 2018. In particular, The portfolio turnover program is 73% complete, while the investment program is 85% secure. Finally, the current performance program is already 90% complete. Net debt decreased by E1.2 billion in six months, to 22.7 billion euros (20.9 billion euros excluding internal E & P debt). Confirmation Engie confirmed for the current financial year a recurring net profit attributable to the group of between 2.4 and 2.6 billion euros, expected to be in the middle of the range and a net debt / EBITDA ratio of 2.5 times or less. The continuation of the credit rating in Category A is also part of the commitments. Finally, management still promises a dividend of € 0.70 per share for 2017, payable in cash. "The first half of 2017 was marked by a strong commercial momentum and a very good performance of our growth engines," said CEO Isabelle Kocher, while low-carbon electricity generation, infrastructure and solutions Now account for 90% of EBITDA.

[aleman] 04/8/2017 17:50

Http://www.capitaassetservices.com/sites/default/files/Capita_DM_Report_July_2017_FINAL.pdf

[grupo guitarlumber] 02/8/2017 10:00

Alan Oscroft | Wednesday, 2nd August, 2017 | More on: DTY DVO William Murphy. Licence: https://creativecommons.org/licenses/by-sa/2.0/ One of my favourite ever headlines from The Onion was World death rate unchanged at 100%, and as long as that remains true, the long-term customer base for Dignity (LSE: DTY) seems pretty much guaranteed. Earnings per share almost doubled at the UK’s’ largest funeral operator between 2012 and 2016, and investors piled in and created a typical growth spike, The share price soared, but from round the middle of 2015 it’s been pretty flat, and today stands at 2,552p. Early earnings growth looks set to cool, with analysts expecting just a 4% rise this year, but Wednesday’s interim results suggest…

[maywillow] 01/8/2017 19:30

Https://seekingalpha.com/article/4093217-total-oil-major-gushes-high-dividends?auth_param=124r8p:1co1flk:bbd280b3bc1f0a8acd7e6f9808479ec5&uprof=46&dr=1

[aleman] 19/7/2017 15:36

People not averse to a bit of small cap risk might want to look at NAH. THe forward yield is over 10% - that's the forecast following cut from 15% after legislative changes, which now might even be slightly delayed. They updated today to say things were on track. http://uk.advfn.com/stock-market/london/nahl-group-NAH/share-news/NAHL-Group-PLC-Pre-Close-Trading-Update/75262850 https://seekingalpha.com/article/4084505-national-accident-helpline-great-company-temporary-problem

[sarkasm] 19/7/2017 14:30

Http://www.moneyobserver.com/news/19-07-2017/dividend-tax-allowance-cut-to-hit-90000-investors

[grupo] 16/7/2017 10:10

2 overlooked FTSE 100 champions you could retire on Rupert Hargreaves | Sunday, 16th July, 2017 | More on: INF SDR Image: Public domain Even though the company is a member of the FTSE 100, Informa (LSE: INF) is overlooked by most investors. With a market capitalisation of £5.5bn, the company is one of the UK’s biggest businesses, but its day-to-day operations are hardly exciting. Informa runs international exhibitions, events and produces business/academic publications. Even though there is a high demand for these services, growth is slow and steady, which isn’t exciting. But it’s perfect for long-term investors who want to achieve capital growth and income with minimal risk. Steady growth Over the past four years, earnings per share have pushed steadily higher, rising from 35.2p for 2012 to 42.1p for 2016. City analysts are expecting the company to report earnings per share of 47p this year, up 12% year-on-year. At the same time, shares in the company support a dividend yield of 3% and the payout of 20.3p per share is covered 2.3 times by EPS. For 2018 analysts have pencilled in earnings per share growth of 7%. Considering the company’s historic growth and current level of dividend income, today’s valuation of 14.2 times forward earnings seems to be about right. If the group can continue to grow earnings at a rate of 5% to 10% per annum for the foreseeable future, and the valuation remains the same, investors should be able to pocket a double-digit annual return from both capital growth and income. Overall, the numbers seem to show that your portfolio might benefit from owning Informa. Long term growth The best stocks to retire on are those that have a long-term business model and asset managers, and pension providers are a great example. Schroders (LSE: SDR) has seen profits explode over the past five years as more customers flocked to the company’s offer. Since 2012 earnings per share have risen by around 100% (based on city estimates for 2017). This growth has translated into impressive returns for shareholders with shares in the firm up 150% over the past five years excluding dividends. City analysts are expecting the company’s steady growth to continue in the years ahead. Mid-single-digit earnings per share growth is predicted every year for the next three years, and I doubt that the growth will stop there. As one of the UK’s largest wealth managers, Schroders is well placed to capture more business as the country’s wealth rises. With further growth on the horizon, it looks as if shareholders will continue to reap the rewards for many years. At the time of writing, shares in the company trade at a forward P/E of 15.7, an undemanding multiple considering Schroders’ growth over the past five years and future potential. The shares also support a dividend yield of 3.2%. The payout is covered twice by EPS. These figures indicate that just like Informa, shares in Schroders could generate a return of 10% per annum or more for investors in the future. Once again, these returns indicate that Schroders could be a great investment to wake up your portfolio.

[grupo] 11/7/2017 19:54

Jun 29, 2017 On Thursday, July 27 2017 at 07.00 BST (08.00 CEST and 02.00 EDT) Royal Dutch Shell plc will release its second quarter results and second quarter interim dividend announcement for 2017. These announcements will be available on Http://www.shell.com/investor

[la forge] 28/6/2017 06:05

Https://seekingalpha.com/article/4084314-total-s-reasons-buy?auth_param=124r8p:1cl5auc:975a7b1055b0fd86d2df12d959575b9b&uprof=46&dr=1#alt1

[aleman] 27/6/2017 11:35

UK yield options are starting to improve but you have to be careful. There is increasing choice as mid-cap profit warnings are taking more shares down. There are now 19 FTSE350 stocks with historic yields over 6% and another 19 yield between 5 and 6%. Https://www.topyields.nl/country/united-kingdom/

[aleman] 20/6/2017 12:01

For information only. No recemmenation intended. Http://studentinvestment.properties/investment/

[maywillow] 12/6/2017 19:38

Royal Dutch Shell plc First Quarter 2017 Euro and GBP Equivalent Dividend Payments News provided by Royal Dutch Shell plc 12:24 ET Share this article THE HAGUE, the Netherlands, June 12, 2017 /PRNewswire/ -- The Board of Royal Dutch Shell plc ("RDS") (NYSE: RDS.A)(NYSE: RDS.B) today announced the pounds sterling and euro equivalent dividend payments in respect of the first quarter 2017 interim dividend, which was announced on May 4, 2017 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 €0.4194 per A Share. Holders of A Shares who have validly submitted pounds sterling currency elections by June 5, 2017 will be entitled to a dividend of 37.12p per A Share. Dividends on B Shares will be paid, by default, in pounds sterling at the rate of 37.12p per B Share. Holders of B Shares who have validly submitted euro currency elections by June 5, 2017 will be entitled to a dividend of €0.4194 per B Share. This dividend will be payable on June 26, 2017 to those members whose names were on the Register of Members on May 19, 2017. 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. Based on a policy statement issued by the Dutch Ministry of Finance on April 29, 2016 (which has been formalised in law with effect from January 2017), and depending on their particular circumstances, non-Dutch resident shareholders may be entitled to a full or partial refund of Dutch dividend withholding tax. As from 2018, Dutch and non-Dutch resident shareholders who are exempt from corporate income tax may elect for an exemption from Dutch dividend withholding tax instead of requesting a refund if tax was withheld. Furthermore, in April 2016, there were changes to the UK taxation of dividends. The dividend tax credit was abolished, and a new tax free dividend allowance introduced. 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. If you are uncertain as to the tax treatment of any dividends you should consult your own tax advisor.

[maywillow] 12/6/2017 15:33

Cheers Aleman TXH According advfn it seems historically sound with a decent nbv of approx 148p per share with a smigen better of cash at DEC 2015 as mentioned by you, the illiquidity factor may put many off together with not being one of the european blue chips i prefer euro french good luck fella

[aleman] 12/6/2017 13:37

I think the tendency here is probably towards large mature companies with big dividends but I think TXH is worth a mention. It's cheap on cashflows and has a strong balance sheet and fat dividend. The balance sheet is beginning to look strong enough that there could be another special dividend if the directors are still thinking the same as two years ago. Just be aware, it's a smallcap with limited liquidity, the directors are getting very old, and they tried to take it private a few years back. The valuation, yield and balance sheet make it look worth a small portion of a portfolio for diversification purposes unless you have a very large portfolio, in which case the limited liquidity could be a problem. That might improve if the shares keep going up, though.

[the grumpy old men] 09/6/2017 07:34

ST GOBAIN 9/06/2017 | 8:03 The Combined General Meeting of the shareholders of Compagnie de Saint-Gobain approved all resolutions. It approved the distribution of a dividend of € 1.26 per share (compared with € 1.24 in 2016), with a full payment in cash. The dividend will be detached from the share on June 12 and will be paid as of June 14, 2017. The directorships of Pamela Knapp and Agnès Lemarchand and Gilles Schnepp and Philippe Varin, all qualified as independent directors, Also been renewed. Following the departure of Jean-Martin Folz and Bernard Gautier, whose experience and judgment contributed greatly to the debates and decisions of Compagnie de Saint-Gobain's Board of Directors, it now has 14 members, including two directors employees.

[waldron] 30/5/2017 13:05

Shell and BP dividend ‘looks more sustainable’, says top income investor News 30 May 2017 Simon Gergel, who runs the Merchants Investment Trust, which has a yield of 4.9 per cent, has revealed the reason why he remains keen on the shares of oil giants BP and Shell. COMMENT Gergel: Shell and BP dividends ‘look more sustainable’ Gergel sees dividend potential in BP shares David Thorpe David Thorpe Shell is the largest investment in the £702 million Merchants Investment Trust. Gergel commented, ‘the big oil companies have cut their capital expenditure to the extent that they can now pay the dividend from the cash they generate and also can pay for the investment they make. The dividend is more sustainable now that it has been for some time, and it may be that we get a higher oil price from here as well, offering a further boost to earnings.’ In contrast he is rather less keen on the investment case for the UK housebuilders, commenting, ‘whilst the companies themselves look to be trading on cheap valuations, they are trading at a premium to the value of their net assets. Its not that we are particularly negative on the housebuilders as a sector, but the shares have gone up a lot. He added that he is ‘relatively optimistic’ about the outlook for the UK consumer, remarking that, ‘unemployment is low, and the living wage increase will put more money in people’s pockets.’ Read more: Alex Wright: The best ‘defensiveR17; shares for investors today Amongst the stocks he likes with exposure to the UK consumer are Greene King, a pub company of which he commented, ‘they are showing real earnings growth since the acquisition of Spirit (a rival pub company).’ He has relatively less exposure to the mining sector than does his peer group as a whole, but does have investments in BHP Billiton and Antofagasta, both mining companies that have performed well of late. Read more: JP Morgan: It’s unlikely UK interest rates will rise in the next year The Merchants Investment Trust has returned 29 per cent over the past year, compared with 22 per cent for the average trust in the AIC UK Equity Income sector in the same time period. It trades at a discount to net assets of 4.9 per cent. The largest investments in the trust are Glaxosmithkline and Royal Dutch Shell.

[waldron] 30/5/2017 13:05

cheers aleman

[aleman] 28/5/2017 10:19

Http://www.capitaassetservices.com/sites/default/files/UK%20Dividend%20Monitor%20Q1%202017.pdf