Diverse Income Share Discussion Threads

[ariane] 03/6/2020 13:19

Continental Cuts Proposed Dividend for 2019 -- Update Share On Facebook Print Alert --Continental has cut its dividend proposal for 2019 due to a high degree of economic uncertainty --The company will present a new remuneration system that integrates sustainability goals --Andreas Wolf has been appointed member of the company's executive board By Giulia Petroni Continental AG said Wednesday that it would cut its dividend proposal for 2019 due to economic uncertainty. The German car-parts manufacturer said the executive and supervisory boards proposed a dividend payment of 3 euros ($3.35) a share. The company had previously proposed a dividend of EUR4 a share. The reduced proposal will be put to a vote at the annual shareholders' meeting scheduled for July 14, Continental said. "The economic landscape continues to be characterized by a high degree of uncertainty due to the impact of the coronavirus," Wolfgang Reitzle, chairman of the supervisory board, said. "In this challenging situation, ample capital resources and adequate liquidity are of top priority." Continental said the supervisory board would present a new remuneration system, in which a major portion of the variable salary component for executive board members and executives is linked to the company's share-price performance and the achievement of sustainability goals. The new system also sets a cap on pay for members of the executive board, in line with the legal requirements and recommendations of the German corporate governance code, it said. At the next annual shareholders' meeting, the company will also propose a resolution foreseeing only a fixed remuneration without a variable component to members of the supervisory board. The company said regulation would take effect retroactively from Jan.1, 2020. In addition, members of the supervisory board agreed to forego part of their fixed remuneration this year. Members of the executive board had already decided on a salary waiver until the end of July back in March. Andreas Wolf, chief executive of Vitesco Technologies GmbH, has been appointed to the executive board of the company, Continental said. Write to Giulia Petroni at [e-mail] (END) Dow Jones Newswires June 03, 2020 07:45 ET (11:45 GMT) Copyright (c) 2020 Dow Jones & Company,

[grupo guitarlumber] 03/6/2020 08:06

AXA halves dividend amid regulatory pressure May pay special dividend in Q4 AXA is the latest company to cut its dividend David Brenchley 03 June 2020 Insurer and asset manager AXA has announced it will halve its dividend amid pressure from regulators on firms to rethink their shareholder distributions during the Covid-19 pandemic. [x] AXA said it would slash its payout, due on 9 July, to €0.73 per share, from €1.43, after the European Insurance and Occupational Pensions Authority (EIOPA) and the Autorité de Contrôle Prudentiel et de Résolution (ACPR) suggested firms adopted "a prudent approach towards dividend distributions". The Paris-based company added it may continue proposing a further dividend payment of €0.7 in Q4 2020 to make up for the cut, "subject to favourable market and regulatory conditions at that time". H1 2020 results round-up: Investors pull £325m from Premier Miton's multi-asset funds Chairman of AXA's board Dennis Duverne said the firm's priority from the start of the pandemic "has been to act responsibly towards all its stakeholders". "AXA's first priority has been to help its customers navigate through this crisis and to protect the safety of its employees, including guaranteeing their full employment for the duration of the confinement period," Duverne explained. "The group also continues to support its most impacted customers by taking a range of exceptional measures beyond its contractual obligations, and the wider community by participating in national solidarity efforts including contributions to various public funds. "Reflecting the strength of the group's balance sheet, AXA has fulfilled these undertakings without requesting any government aid. "The board of directors' decision to reduce the proposed dividend demonstrates the same sense of responsibility towards AXA's institutional and individual shareholders, while adopting a prudent approach in the current environment." AXA considering sale of Architas - reports AXA said it would not be able to provide an estimate of the impact of Covid-19 on investment margin or unit-linked and asset management fees during 2020, as it "will depend on the evolution of financial market conditions through the remainder of the year".

[la forge] 02/6/2020 05:58

06/02/2020 BST A final dividend is removed today from Orange's share.

[waldron] 29/5/2020 13:32

Total Announces the Payment Terms of the Final 2019 Dividend Following the Shareholders' Meeting of May 29, 2020 Print Alert Regulatory News: The Shareholders' Meeting of TOTAL S.A. (Paris:FP) (LSE:TTA) (NYSE:TOT), held today at its registered office under the chairmanship of Mr Patrick Pouyanné, declared a dividend of EUR2.68 per share for the financial year 2019. Given the first two interim dividends of EUR0.66 per share and the third interim dividend of EUR0.68 per share paid respectively on October 1(st) , 2019, January 8, 2020 and on April 1(st) , 2020, the remaining final 2019 dividend to be paid amounts to EUR0.68 per share. The Shareholders' Meeting also decided that shareholders will be given the option to receive payment of this final dividend in cash or in new shares of the Company, each choice being exclusive of the other. The share price of new shares to be issued as payment of the final dividend is set at EUR28.80. This price is equal to 90% of the average opening prices of the shares for the twenty trading days preceding the Shareholders' Meeting, reduced by the amount of the final dividend and rounded up to the nearest cent. The shares issued will carry immediate dividend rights, be admitted for trading on Euronext Paris and be fully assimilated with existing TOTAL shares. If the amount of the final dividend for which the option is exercised does not correspond to a whole number of shares, the shareholders may opt to receive either the number of shares immediately above, by paying a cash adjustment on the day they exercise their option, or the number of shares immediately below, plus a balancing cash adjustment. Shareholders and holders of American Depositary Shares ("ADS") will be given the option to receive the dividend either in cash or in new shares, by instructing their financial advisors, according to the following timetable: In 2020 Shareholders ADS holders Ex-dividend date June 29 June 25 Period to opt in for the payment in July 1 to July 10 June 29 to July 7 new shares (inclusive) (inclusive) Payment in cash or in new shares July 16 July 23 About Total Total is a broad energy Group, 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. * * * * *

[la forge] 19/5/2020 18:28

sarkasm 19 May '20 - 18:21 - 114 of 114 0 1 0 Https://www.lafargeholcim.com/calendar 20May 2020 Dividend payment date* * For the 2019 financial year, the Board of Directors is proposing a cash dividend of CHF 2.00 per registered share, subject to approval by the shareholders at the Annual General Meeting on 12 May 2020. The dividend will be fully paid out of the foreign capital contribution reserve and is not subject to Swiss withholding tax.

[scillyfool] 18/5/2020 12:13

A very interesting article on the BBC business page today about Diversified Oil and Gas, which DIVI holds. I didn't realise it was an American company, but it appears to have a very sound business plan. https://www.bbc.co.uk/news/business-52638629

[waldron] 15/5/2020 12:57

Https://seekingalpha.com/article/4347884-big-oil-dividend-comparison-shell-exxon-chevron-bp-and-total?utm_medium=email&utm_source=seeking_alpha&mail_subject=rds-a-big-oil-dividend-comparison-shell-exxon-chevron-bp-and-total&utm_campaign=rta-stock-article&utm_content=link-2

[sarkasm] 15/5/2020 07:42

Dividend The Board has debated at length what Richemont's policy should be in respect of this year's dividend. Whilst the Group has a strong balance sheet and more than adequate cash resources, we feel it appropriate to be prudent and retain as much flexibility as possible at this time of limited visibility as to the prevailing economic situation. Equally, we must acknowledge the contribution of the Swiss authorities in supporting our colleagues during these difficult times when they have been temporarily laid off or put on to short-time working. We propose therefore to pay a lower cash dividend of CHF 1.00 per 'A' share (and CHF 0.10 per 'B' share), subject to the approval of shareholders at the annual general meeting. However, recognising the difficulty in predicting the likely scope for the recovery in demand and the timing of that recovery, we are looking at the potential to provide shareholders with some additional form of reward to compensate in part for the reduction in the cash dividend per share. Such a 'loyalty bonus' could potentially take the form of the distribution to shareholders of an instrument entitling them to acquire further shares on advantageous terms. Further work needs to be done in terms of the practical, legal and fiscal aspects of any such scheme; we would hope to make a further announcement in this respect in good time ahead of the annual general meeting. Outlook We are experiencing unprecedented times with severe disruptions across the world simultaneously. The closures of our internal and external points of sales, changing attitudes towards consumption and subdued consumer sentiment will weigh on this year's results, even if, at the time of writing, we are gradually resuming operations as parts of the world emerge from lockdown. It is impossible to make meaningful predictions at this time. We are more than ever committed to safeguarding our people, brand equity, assets and partners. Richemont is supported by professional, courageous teams and a strong balance sheet that will see us through these trying times. I would like to thank all of our colleagues for the fortitude, agility, creativity and resilience that they continue to demonstrate in the face of unparalleled uncertainty. Their dedication to crafting the future gives me confidence that we will withstand this crisis and emerge stronger. The pandemic has meant that many of us have lost loved ones and millions have suffered the consequences of the virus and its related lockdown measures. It has been a global catastrophe beyond our imagination. In these difficult times, I send my best wishes to each of our colleagues, our clients, our business partners and our shareholders. Take care and stay well. Johann Rupert Chairman Compagnie Financière Richemont SA Geneva, 15 May 2020

[florenceorbis] 14/5/2020 07:34

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 06:56

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 11:07

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

[aleman] 07/5/2020 11:23

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 15:38

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 09:30

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

[waldron] 30/4/2020 07:27

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 06:32

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

[dcarn] 26/4/2020 12:37

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