Diverse Income Share Discussion Threads

[florenceorbis] 14/5/2020 06:34

Https://www.thenational.ae/business/shell-hints-at-boosting-dividend-payout-once-oil-market-recovers-1.1019093 Bloomberg Bloomberg May 14, 2020 Shell hints at boosting dividend payout once oil market recovers Royal Dutch Shell said it will be well placed to boost shareholder payouts once the oil market recovers as it sought to appease investors after last month’s surprise dividend cut. Shell broke with industry convention playbook when oil’s collapse forced it to slash payouts. For decades, Big Oil had used its hefty balance sheet to borrow money when needed and keep investors sweet until the next upward cycle. But 2020’s unprecedented market rout has seen several major players – including Exxon Mobil and Equinor – freeze or reduce dividends. When “our outlook stabilises and our balance sheet is in the right position, then we should be in a very strong position to increase shareholder distributions”, chief financial officer Jessica Uhl said on Wednesday on an investor call, citing the potential for both dividends and share buybacks. The Anglo-Dutch company’s shareholder returns had looked unaffordable even before the coronavirus pandemic hit. The company said in January it had slowed the pace of its buyback programme and was unlikely to hit its $25 billion (Dh91.8bn) target this year. In March, it announced the cancellation of the next tranche of purchases as the severity of the outbreak became clear. Shell has had to pull on “financial levers” harder than it would have liked, chief executive Ben van Beurden said on Wednesday on the call. Cutting the dividend doesn’t give the company more money to spend, but means it no longer needs to borrow to finance the payout, he said. Updated: May 13, 2020 09:52 PM

[florenceorbis] 14/5/2020 05:56

Fiat Chrysler Automobiles NV and Peugeot SA have decided not to distribute a dividend for 2019 this year, the companies said late on Wednesday. The decision was made in light of the hit from the coronavirus, the companies said in a joint press release. The two auto makers confirmed that preparations for their 50/50 merger are advancing well and that they expect the deal to close on schedule, meaning before the end of the first quarter of 2021. Write to Cristina Roca at [e-mail]; @_cristinaroca (END) Dow Jones Newswires May 14, 2020 01:31 ET (05:31 GMT)

[sarkasm] 12/5/2020 10:07

Https://www.rigzone.com/news/wire/aramco_plans_75b_dividend-12-may-2020-162057-article?rss=true

[aleman] 07/5/2020 10:23

8% yield as dividend payment confirmed at PHNX. https://uk.advfn.com/stock-market/london/phoenix-PHNX/share-news/Phoenix-Group-Holdings-PLC-Phoenixs-Cap-Position-S/82400942

[waldron] 06/5/2020 14:38

Total S A : ANNOUNCES THE FIRST 2020 INTERIM DIVIDEND OF EUR0.66 SHARE, STABLE YEAR ON YEAR share with twitter share with LinkedIn share with facebook share via e-mail 0 05/06/2020 | 02:49pm BST Paris - The Board of Directors met on May 4, 2020, and declared the distribution of the 2020 first interim dividend at EUR0.66/share, stable compared to the 2019 first interim dividend. Furthermore, the Board of Directors decided on February 5, 2020, to propose to the Shareholders' Meeting on May 29, 2020, the distribution of a 2019 final dividend of EUR0.68/share. The Board of Directors of May 4, 2020, decided to offer the shareholders, subject to approval at the Shareholders' Meeting on May 29, 2020, the option to receive the 2019 final dividend in cash or in new shares of the Company with a discount, each choice being exclusive of the other. About Total Total is a major energy player, which produces and markets fuels, natural gas and low-carbon electricity. Our 100,000 employees are committed to better energy that is safer, more affordable, cleaner and accessible to as many people as possible. Active in more than 130 countries, our ambition is to become the responsible energy major. Contact: Tel: [phone] l Email: [e-mail]

[grupo guitarlumber] 03/5/2020 08:30

The Sunday Times: The City is braced for a cut to BT’s £1.5 billion dividend that would hit small investors.

[erogenous jones] 30/4/2020 06:38

Not a good day for the PR team at Shell ahead, methinks. But why there was not a mix of paper chucked in beggars belief. One way to mark the end of a career, I suppose.

[waldron] 30/4/2020 06:27

Earnings Oil major Shell slashes dividend as first-quarter net profit tumbles 46% Published Thu, Apr 30 20202:11 AM EDTUpdated Moments Ago Sam Meredith @smeredith19 Key Points Net income attributable to shareholders on a current cost of supplies (CCS) basis and excluding identified items, which is used as a proxy for net profit, came in at $2.9 billion for the first quarter of 2020. The board at Shell said it had decided to reduce the oil major’s first-quarter dividend to $0.16 per share, down from $0.47 at the end of 2019. That’s a reduction of 66%. Shares of Shell have fallen more than 34% since the start of the year.

[waldron] 27/4/2020 05:32

NESTLE - Jefferies raises target price to chf 94 from chf 93 EX-DIVIDEND NESTLE - 2.70 chf/shr dividend

[dcarn] 26/4/2020 11:37

How about some positive news on the divi front as opposed to the continual negativity of divi cuts. Serica Energy Declares Maiden Dividend As Annual Earnings Soar Alliance News23 April, 2020 | 6:43PM NewsSerica Energy Declares Maiden Dividend As Annual Earnings Soar(Alliance News) - Serica Energy PLC on Thursday reported a sharp rise in its earnings for 2019 ... Alliance News23 April, 2020 | 6:43PMEmail Form (Alliance News) - Serica Energy PLC on Thursday reported a sharp rise in its earnings for 2019 and declared a maiden dividend despite uncertainty arising from the Covid-19 outbreak. Shares in the North Sea oil & gas producer closed 10% higher at 97.00 pence each on Thursday in London. Serica said revenue for 2019 rose to GBP250.5 million from GBP35.7 million. Pretax profit also surged to GBP108.8 million from GBP39.5 million. A dividend of 3p per share was declared. The London-headquartered company said that net production for the group totalled an average of 30,000 barrels of oil equivalent per day. It added that the Bruce, Keith and Rhum fields in their first full year of being operated by the company, produced 27,300 barrels of oil per day compared to 23,800 for 2018. Serica operates the Bruce, Keith, and Rhum fields in the UK North Sea, holding 98% of Bruce, all of Keith, and 50% of Rhum. The Erskine field averaged 2,700 barrels of oil equivalent per day compared to 650 barrels for 2018. Over the period, the Serica sold around 491.3 million therms of gas, 1.6 million lifted barrels of oil and 85,500 metric tonnes of natural gas liquids. This represented net average sale prices of 31 pence per therm, USD61.4 per barrel and USD337 per tonne respectively, giving a sales price for lifted volumes of USD30 per barrel of oil equivalent. Looking ahead, the company said the Covid-19 outbreak has not interrupted production, adding that recently-identified cost savings and its "robust" financial health puts it in an "exceptional" position to weather current market uncertainties and seek out new investment opportunities. "We entered 2020 in an extremely robust financial position with no borrowings, a decreasing cost profile, an increasing cash position and limited decommissioning obligations. This provides the flexibility to meet the challenges the industry faces in the short term and pursue growth opportunities," said Chief Executive Mitch Flegg. As at the end of 2019, Serica had cash of GBP101.8 million https://www.morningstar.co.uk/uk/news/AN_1587663799329039700/serica-energy-declares-maiden-dividend-as-annual-earnings-soar.aspx

[grupo guitarlumber] 23/4/2020 09:57

Equinor first oil major to cut dividend Apr. 23, 2020 5:21 AM ET|About: Equinor ASA (EQNR)|By: Yoel Minkoff, SA News Editor The world's largest oil companies have been known for their dividend safety for years, but that may be beginning to change amid a historic rout in crude prices. "In this extraordinary situation, we have decided to reduce the cash dividend for the first quarter 2020 by 67% [to $0.09]," Norway's Equinor (NYSE:EQNR) said in a statement. While most oil majors have already slashed investments and buybacks, the latest could be a signal of what's to come from others in the industry, including Royal Dutch Shell (RDS.A, RDS.B), BP (NYSE:BP), Exxon Mobil (NYSE:XOM), Chevron (NYSE:CVX), Total (NYSE:TOT) and ConocoPhillips (NYSE:COP).

[grupo guitarlumber] 17/4/2020 07:17

Orange Slashes Dividend Proposal 17/04/2020 7:16am Dow Jones News Orange (EU:ORA) Intraday Stock Chart Friday 17 April 2020 Click Here for more Orange Charts. By Mauro Orru Orange said Friday that its board of directors would propose a reduced dividend at the annual general meeting on May 19, which will be held behind closed doors due to the coronavirus pandemic. The French telecommunications company said the board would propose a dividend of 50 European cents (54 cents) a share, down from EUR0.70 a share as previously expected. Orange said the reduction in the proposed dividend implied the EUR0.40 balance to be paid June 4 would be slashed to EUR0.20. The company added it would review its goal to distribute a dividend of EUR0.70 per share between 2020 and 2023 at a later stage. "Based on currently available information, Orange does not expect a significant deviation from its 2020 objectives, but we are closely monitoring the situation and its developments," said Stephane Richard, chairman and chief executive. Write to Mauro Orru at [e-mail]; @MauroOrru94 (END) Dow Jones Newswires April 17, 2020 02:01 ET (06:01 GMT)

[waldron] 16/4/2020 11:54

Https://www.investorschampion.com/channel/portfolio/coronavirus-update-vodafones-7-dividend-yield-looks-safe-to-us

[grupo guitarlumber] 14/4/2020 13:48

British Gas owner Centrica, which is heading out of the FTSE 100 index after tumbling in value to just £2 billion during the current crisis, fell as much as 4% after announcing the immediate appointment of finance chief Chris O'Shea as its CEO. O'Shea impressed new chairman Scott Wheway during a month in temporary charge, but shareholders will be entitled to ask why it has taken since July to name a permanent successor to Iain Conn. He now faces one of the toughest jobs in the City, with shares at 34p and close to their lowest level since the company was created out of British Gas in 1997. Centrica dealt a fresh blow to its army of “Tell Sid” shareholders last month when it pulled the 5p dividend payment that Conn had only rebased from 12p back in August.

[sarkasm] 12/4/2020 10:30

Rio Tinto Thursday: When Rio Tinto updated the markets back in February, the company’s net profit had declined 41% after writing down the value of its assets in Mongolia and Australia, with profit coming in at $8bn. Before these one-off items, profit was higher to the tune of $18bn, largely helped by improvements in its iron ore operations at Pilbara. Thursday’s Q1 update is likely to be marked by disruptions caused by the shutdown of the Chinese economy for most of February, along with the slowdown and virtual stopping of the global economy for the remainder of the quarter. Now that China is starting to restart its economy, demand for iron ore could pick up, but there is no question that Q1 revenue is likely to decline for Rio Tinto decline in line with the global slowdown. This could impact on potential dividend payments if the global economy continues to struggle in the weeks ahead.

[waldron] 12/4/2020 07:38

Mail on Sunday: Just one-third of the dividend payouts axed due to coronavirus will return over the next six years, forecasts show.

[mr roper] 10/4/2020 08:16

Plus and IG are paying dividends. High chance of a special divi with the former as well. Balance sheet looks good, no debt, near half the market cap in cash, paying 60% out to shareholders, thrives in periods of volatility. Q1 revenues were equal to 89% of full year 2019. Well worth a look for income and capital growth.