Diverse Income Share Discussion Threads

[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

[knowing] 14/5/2018 13:04

Handy site

[the grumpy old men] 05/5/2018 20:20

Business

BT dividend under threat as pensions face top-up

Gavin Patterson
BT's chief executive Gavin Patterson faces tough decisions over the company's pension fund and its dividend Credit: Chris Ratcliffe/Bloomberg

Christopher Williams, Deputy Business Editor

5 May 2018 • 8:00pm

BT faces a fight to save its dividend as it prepares to reveal a £13bn funding black hole in its pension scheme.

The company will reveal the impact of its triennial pension review alongside annual results on Thursday, a move that is expected to trigger a sharp increase in top-up payments to as much as £1.1bn annually.

Chief executive Gavin Patterson will aim to soften the blow to BT’s cash flow with a strategy update to slash operating costs, including by cutting thousands of jobs and slimming down the struggling Global Services outsourcing division. The restructuring is expected to save £500m over three years.

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BT has also been working on a deal to pledge assets to the pension scheme as security, to provide trustees comfort that retirements will be funded if the company hits trouble and so make the top-up payment schedule less onerous.

It had explored signing over rights to its network but it is understood alternative assets are now on the table. The change of plans could one day make a sale of its network subsidiary Openreach more simple.

Despite BT’s efforts, its policy of holding or increasing the dividend to around a million shareholders a year is viewed as being under threat.

It is under pressure from politicians and regulators to increase investment in “full fibre” broadband upgrades but has resisted, in part due to opposition from its biggest shareholder Deutsche Telekom, which faces similar lobbying in Germany.

BT’s strategy update could signal more spending over time, however, following a recent warning from Ofcom chief executive Sharon White that failure to invest in new technology could mean it is overtaken by new rivals. Barclays cut its target price on the shares last week, citing emerging competition from new full fibre wholesalers.

Analysts have struggled to predict whether a dividend cut is likely. Citi has given even odds, while Exane has forecast a 30pc cut. BT declined to comment on the issue.

[garbut] 01/5/2018 10:52

UAI
Theyre paying a dividend of 12p......Ex-div date 10 May.

[la forge] 28/4/2018 10:24

SHELL

Announcement date April 26, 2018
Ex-dividend date (See Note 1) May 10, 2018
Record date May 11, 2018
Closing of currency election date (See Note 2) May 25, 2018
Pounds sterling and euro equivalents announcement date June 4, 2018
Payment date June 18, 2018

[knowing] 26/4/2018 16:40

I bought a few TXH today. Looks undervalued and is yielding around 7.7%

[maywillow] 26/4/2018 16:15

Home > News > Shell makes investors wait for reward from surging oil prices
Shell makes investors wait for reward from surging oil prices
By Kelly Gilblom on 4/26/2018

LONDON (Bloomberg) -- Royal Dutch Shell Plc rode the surge in oil prices to even greater heights, posting a profit not seen since the days of $100/bbl. Investors were displeased that the company didn’t take them along for the ride.

While French rival Total SA has started disbursing the rewards of rising energy prices -- with higher dividends and share buybacks -- Shell has other priorities, at least for now. CFO Jessica Uhl declined to say when her planned $25-billion to $30-billion stock-repurchase program would start, telling reporters on a call that she wanted to focus on debt reduction first.

There are two big reasons for the company’s caution. First, it still has to pay off the acquisition of BG Group Plc in 2016, a deal that’s turbo charged natural gas earnings but left Shell heavily indebted. Second, its cash flow -- little changed from a year earlier despite higher oil prices -- “may not necessarily support” the planned buybacks, according to RBC Capital Markets.

Earnings at Europe’s largest energy company vaulted ahead of the upswing in crude to an average of $67 in the first quarter, reaping the benefits of years of cost cuts. Adjusted net income was $5.32 billion last quarter, compared with $3.75 billion a year earlier. That surpassed analysts expectations of $5.2 billion, rising to a level only consistently seen when oil traded for more than $100.

Total and Statoil ASA also posted the best earnings in years this week, with Total pumping a record amount of oil and gas in the first quarter. Shares of the French company rose in response to its results, the opposite of the reaction to Shell.

Shell dropped as much as 2.8% as analysts raised concerns about flat cash flow from operations, which was $9.43 billion in the first three months of 2018.

“The only negative here is the conversion of those earnings into cash flow,” Oswald Clint, an analyst at Bernstein Research, said by telephone. “It’s a little bit lighter than what I was expecting.”

Shell’s free cash flow was sufficient to fund the company’s cash dividends and interest payments in the first quarter, which wasn’t always the case during the oil-price slump. Like its peers, Shell was forced to make some payments to investors in shares during the downturn, known as a scrip dividend, while also borrowing to fund the cash portion of the payout.

Those newly created shares diluted the holdings of some investors, who have maintained a sharp focus on the timing of the buybacks required to offset the impact. Shell wasn’t able to offer a clear answer on what could trigger the repurchases.

“It’s an integrated decision. I’ve provided enough insight,” CFO Uhl told reporters in response to several questions about buybacks.

That situation should change. Barclays analysts said in a note that they expect Shell to begin the program in the second half.

“We would expect cash flow growth through the year supported by the current macro environment,” said Biraj Borkhataria, an analyst at RBC Capital Markets. “Royal Dutch Shell remains one of our preferred super-majors.”

[maywillow] 26/4/2018 10:28

26/04/2018 | 11:09
In line with its 2018-20 shareholder return policy, Total announces that its first interim dividend for 2018 is set at 0.64 euro per share, up 3.2% from the three down payments and the proposed balance for 2017.

The oil group's board of directors will meet on 19 September to decide on the conditions for the distribution of this first interim dividend in respect of 2018. It will be posted on 25 September.

The option to pay the deposit in new shares will be offered: according to the calendar, the option period will run from September 25 to October 4, for payment in cash or new shares on October 12.

[waldron] 26/4/2018 07:36

Roche raises annual revenue target after Q1 improvement
Roche Holding (QX) (USOTC: RHHBY)
Intraday Chart of the Action

Today: Thursday 26 April 2018
More charts from the Roche Holding Exchange (QX)


BARCELONA (Agefi-Dow Jones) - The Swiss pharmaceutical company Roche on Thursday raised its revenue forecast for 2018, after an improvement in revenue in the first quarter.


Turnover reached 13.6 billion Swiss francs (11.4 billion euros) in the first quarter, compared to 12.9 billion Swiss francs a year earlier. According to the consensus reached by FactSet, sales were expected at 13.35 billion francs.


In 2018, "sales are expected to rise in the lower end of the single-digit range," said Roche, which previously anticipated stable sales or growth in the lower part of the beach. to one digit compared to 2017.


The group also intends to continue to increase its dividend in Swiss francs.




-Donato Paolo Mancini, Dow Jones Newswires (French version Aurélie Henri)


Agefi-Dow Jones The financial newswire


(END) Dow Jones Newswires


April 26, 2018 01:55 ET (05:55 GMT)

[maywillow] 22/4/2018 09:29

Dividend
What is the dividend for the 2017 fiscal year?
Schneider Electric is committed to paying the equivalent of 50% of net EPS to shareholders in the form of dividends.
For fiscal year 2017 a dividend of €2.20 per share will be submitted to shareholders’ vote on April 24 2018.


When is the dividend payment date?
The dividend payment date for fiscal year 2015 was on May 9, 2016.
The dividend payment date for fiscal year 2016 was on May 10, 2017.
The dividend payment date for fiscal year 2017 is on May 4, 2018.

Shareholders will receive the dividend if shares are bought before the dividend ex-date (May 2, 2018).

[costax1654x] 19/4/2018 22:56

Anyone investing in PANR as well?I reckon I will be an easy 20% this week

[waldron] 19/4/2018 13:13

SCHNEIDER ELECTRIC
Dividend payment
Fiscal year 2017

Dividend ex-date Wednesday May 2, 2018
Date of approval of the positions Thursday May 3, 2018
Dividend payment date Friday May 4, 2018

The 2017 fiscal year dividend of 2.20 Euros per share will be submitted to shareholders’ vote on April 24 2018.

The dividend is up +8% compared to previous year and represents a pay-out ratio of more than 50% of adjusted net income. The distribution will be paid out of net profit of the year and through issue premiums. For individual shareholders resident for tax purposes in France, the distribution of 2.20 Euros per share is subject to two separate tax statements :

up to 0.19 Euro, the dividend constitutes distributed income. As such, a social security tax of 17.2% will be charged on the gross amount when paid. The gross amount of French-source dividends received by resident individuals will also be subject to a mandatory non-definitive withholding tax of 12.8%.
in the amount of 2.01 Euros, the distribution constitutes a capital repayment. As such, it is not subject to income tax pursuant to article 112-1 of the French Tax Code, as all profits and reserves other than the legal reserve have been previously distributed.


Shareholders are invited to contact their usual advisors for further information about the applicable tax regime.

[waldron] 19/4/2018 13:06

Dividend
What is the dividend for the 2017 fiscal year?
Schneider Electric is committed to paying the equivalent of 50% of net EPS to shareholders in the form of dividends.
For fiscal year 2017 a dividend of €2.20 per share will be submitted to shareholders’ vote on April 24 2018.


When is the dividend payment date?
The dividend payment date for fiscal year 2015 was on May 9, 2016.
The dividend payment date for fiscal year 2016 was on May 10, 2017.
The dividend payment date for fiscal year 2017 is on May 4, 2018.

Shareholders will receive the dividend if shares are bought before the dividend ex-date (May 2, 2018).

[sarkasm] 05/4/2018 08:59

Credit Agricole SA (ACA.FR) will cease to pay a loyalty dividend to eligible shareholders, in line with a ruling from the European Central Bank, following shareholder approval on Wednesday.

Eligible shareholders voted on the move in a special meeting Wednesday. As previously reported, the ECB has demanded the French bank remove the loyalty dividend by September.

Credit Agricole plans to compensate eligible shareholders by offering one new ordinary share for 26 shares entitled to a loyalty dividend.

In February, the bank estimated the value of the compensation at about 0.56 euros ($0.69) per share.

The proposal will be submitted at the shareholders meeting in May.



Write to Pietro Lombardi at [e-mail]



(END) Dow Jones Newswires

April 04, 2018 11:54 ET (15:54 GMT)

[the grumpy old men] 14/3/2018 09:37

Dividends

Marshalls has strong cash generation and a robust balance sheet which underpins a progressive dividend policy aimed at achieving up to 2 times dividend cover over the business cycle. The Board is recommending a final dividend of 6.80 pence (2016: 5.80 pence) per share which, together with the interim dividend of 3.40 pence (2016: 2.90 pence) per share, makes a total ordinary dividend for the year of 10.20 pence (2016: 8.70 pence) per share, an increase of 17 per cent.

Given another strong performance in the year, the Board is also recommending a supplementary dividend of 4.00 pence per share for 2017 (2016: 3.00 pence). As previously, this supplementary dividend is discretionary and non-recurring. The payment of a supplementary dividend recognises the Board's objective of maintaining an efficient and prudent capital structure and providing increased returns for shareholders whilst at the same time retaining flexibility for capital and other investment opportunities.

Taken together, the ordinary and supplementary dividends represent an aggregate distribution for the year of 14.20 pence per share (2016: 11.70 pence). Subject to shareholders' approval at the Annual General Meeting on 9 May 2018, the final ordinary dividend of 6.80 pence per ordinary share and the supplementary dividend of 4.00 pence per share will be paid on 29 June 2018 to shareholders on the register at 8 June 2018.

Outlook

The Group has again delivered strong profit growth year-on-year. Good progress has been made in the year executing the 2020 Strategy, notably the acquisition of CPM, and the ongoing self help programme to drive organic growth is progressing well. The underlying drivers have remained positive in our main end markets and our sales and order intake have been strong in the first two months of 2018.

[sarkasm] 09/3/2018 21:04

News provided by
Royal Dutch Shell plc

12:50 ET

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THE HAGUE, Netherlands, March 9, 2018 /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 fourth quarter 2017 interim dividend, which was announced on February 1, 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 €0.3818 per A Share. Holders of A Shares who have validly submitted pounds sterling currency elections by March 2, 2018 will be entitled to a dividend of 33.91p per A Share.

Dividends on B Shares will be paid, by default, in pounds sterling at the rate of 33.91p per B Share. Holders of B Shares who have validly submitted euro currency elections by March 2, 2018 will be entitled to a dividend of €0.3818 per B Share.

This dividend will be payable on March 26, 2018 to those members whose names were on the Register of Members on February 16, 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.

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.