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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.50 -1.31% 113.00 113.00 115.50 115.50 112.50 113.00 186,616 12:48:51
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 15.5 13.9 3.7 30.3 434

Diverse Income Share Discussion Threads

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TotalEnergies maintained its third interim dividend payment at 0.66 euros ($0.77) a share and confirmed the completion of the $1.5 billion share repurchases in the fourth quarter. Write to Giulia Petroni at giulia.petroni@wsj.com (END) Dow Jones Newswires October 28, 2021 02:57 ET (06:57 GMT)
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Banks to pay £7bn dividend bonanza: Big five lenders defy economic crunch to release extra cash - as profits soar to highest since 2008 Lloyds Banking Group, HSBC, Barclays, NatWest and Standard Chartered – are set to report pre-tax profits totalling £33billion for 2021 We can reveal that senior bankers are in talks with the Bank of England about releasing cash set aside for bad loans in time for their quarterly earnings report Analysts expect the big five will pay out £7billion in dividends this year, up from £3.3billion last year – in addition to share buybacks By Emma Dunkley, Financial Mail On Sunday Published: 21:50 BST, 9 October 2021 | Updated: 23:40 BST, 9 October 2021
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One has to just love divis when share prices are going nowhere sometimes
Published in: Investing 7th September 2021 Tax on share dividends to increase by 1.25%. Here’s what it means for investors Updated: by Karl Talbot | 3 min read Tax on share dividends to increase by 1.25%. Here’s what it means for investors The government has announced a 1.25% increase in the tax on share dividends that will apply from April 2022. The news comes at the same time as it was announced that National Insurance contributions will increase by 1.25% next year. The government says the rises will help fund health and social care in England. Both announcements are subject to a vote in the House of Commons. So if you’re an investor, what does the new tax on share dividends mean for you? Here’s what you need to know. How much tax is currently paid on share dividends? If you’re an investor, you currently get a dividend allowance of £2,000. So, if you receive dividends worth £2,000 or less, you don’t have to pay any tax on them. For dividends of more than £2,000, the amount of tax you pay depends on your income tax band. This is unless your investments are held in an ISA, in which case your dividend payments remain tax free. For non-tax-efficient investments, you must pay 7.5% tax on any dividends over £2,000 if you’re a basic rate taxpayer. If you’re a higher rate taxpayer, you must pay 32.5%, and it’s 38.1% if you’re an additional rate taxpayer. You can find more information on income tax bands on the gov.uk website. What are the changes to dividends tax? From April 2022, the government is implementing a 1.25% rise in the tax on dividends to help fund social care. Analysts expect that the move will raise up to £600 million, with the majority of payers coming from the top 10% of households. The new tax will not, however, apply to investments held within an ISA. Why has dividends tax increased? With a National Insurance hike of 1.25% also announced, many analysts feel that the dividends tax is a way for the government to show that it is keen to increase taxes on asset holders as well as those who rely on a working income. Critics of the National Insurance hike have repeatedly pointed to the fact that it will not apply to most pensioners, landlords or those living off income from assets, suggesting that only those relying on a working income face the burden. National Insurance, by definition, is also a regressive tax, meaning that an increase disproportionately impacts those on lower incomes. That’s because the amount of contributions you have to make, at a percentage level, decreases at higher incomes. However, critics of the dividend tax rise consider it a token gesture. That’s because the 1.25% rise won’t apply to investments held in an ISA. How has industry reacted? Commenting on the changes, Tom Selby, head of retirement policy at AJ Bell, says that investors should now take the time to examine their portfolios in order to ensure they aren’t inadvertently paying more tax than they need to. He explains: “The increase in dividend tax means people investing outside tax-sheltered wrappers like pensions and ISAs should review their portfolios to make sure they are making as much use as possible of their annual contribution allowances to keep their tax bills as low as possible.” Will the tax increase definitely go ahead? MPs will vote on the government’s health and social care plan, including the planned dividends tax rise, on Wednesday 8 September at 7pm. While a number of cross-party MPs do not approve of the proposals, the policy is expected to pass through the House of Commons. MyWalletHero…
Moneyfacts Triple lock suspended but pensions will still rise Derin Clark Online Reporter Published: 07/09/2021 Today the Government announced that the triple lock will be suspended for one year, however state pension will still rise next year by 2.5% or in line with inflation. Making an announcement in the House of Commons Work and Pensions Secretary Therese Coffey, announced that a Social Security Uprating and Benefits Bill would be introduced for 2022-23 which will result in the basic and new state pensions increasing by 2.5% or in line with inflation. The announcement of the new Bill means that the triple lock - which sees the state pension rising by either inflation, average earning growth between May and July, or by 2.5% - being suspended for one year. Due to the post-pandemic rise in average wages, if the triple lock had been kept this year it would have seen the state pension increasing by 8%. 1.25% tax increase announced The suspension of the triple lock comes on the same day that Prime Minister Boris Johnson announced that a new health and social care tax will be introduced to pay towards funding social care and the NHS. The tax will start from April 2022 with a 1.25 percentage point increase in National Insurance (NI) paid by both employers and employees. From 2023 it will become a separate tax on earned income which will be calculated in the same way as NI. In addition to this, income from share dividends will also see a 1.25% tax increase.
Https://seekingalpha.com/article/4453812-totalenergies-vs-exxon-chevron-bp-shell-better-dividend-stock?mail_subject=tte-totalenergies-is-a-better-dividend-income-stock-than-exxon-chevron-bp-and-shell&utm_campaign=rta-stock-article&utm_content=link-2&utm_medium=email&utm_source=seeking_alpha TotalEnergies Is A Better Dividend Income Stock Than Exxon, Chevron, BP And Shell Sep. 07, 2021 8:00 AM ETTotalEnergies SE (TTE), TTFNFBP, BPAQF, CVX... Summary TotalEnergies has solid financial results with lower losses compared to its peers among the Majors. But a European shareholder base and not being in US indexes has kept it off the radar. Dividend investors should look to TotalEnergies as much as Exxon, Chevron, BP or Shell when looking for income.
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Royal Dutch Shell plc second quarter 2021 Euro and GBP equivalent dividend payments Sep 6, 2021 The Board of Royal Dutch Shell plc (“RDS”) today announced the pounds sterling and euro equivalent dividend payments in respect of the second quarter 2021 interim dividend, which was announced on July 29, 2021 at US$0.24 per A ordinary share (“A Share”) and B ordinary share (“B Share”). Dividends on A Shares will be paid, by default, in euros at the rate of €0.2024 per A Share. Holders of A Shares who have validly submitted US dollars or pounds sterling currency elections by August 27, 2021 will be entitled to a dividend of US$0.24 or 17.38p per A Share, respectively. Dividends on B Shares will be paid, by default, in pounds sterling at the rate of 17.38p per B Share. Holders of B Shares who have validly submitted US dollars or euros currency elections by August 27, 2021 will be entitled to a dividend of US$0.24 or €0.2024 per B Share, respectively. Euro and pounds sterling dividends payable in cash have been converted from US dollars based on an average of market exchange rates over the three dealing days from 1 September to 3 September, 2021. This dividend will be payable on September 20, 2021 to those members whose names were on the Register of Members on August 13, 2021. 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. If you are uncertain as to the tax treatment of any dividends you should consult your tax advisor.
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Some interesting snippets in this report: "Whilst numerous business are reporting excellent order books at present, many are also juggling these with all sorts of supply bottlenecks. Importantly in our view, many investors assume that the current industry bottlenecks are transitory. This comfortable position was reinforced over the first half of the year by the ongoing appreciation of global assets. The significant degree to which the stock market appreciation was fuelled by the running down the US Government's cash surplus, and the ongoing Quantitative Easing policy is largely overlooked. We are concerned that market liquidity could narrow in future, and new risks might emerge such as the US Senate starting to game the forthcoming budget ceiling negotiations. Alongside, the global recovery in the first half was smoothed by the running down of global inventories. Unfortunately, we are worried that the component and staffing problems will persist, and the global economy could struggle to even sustain the output of the first half of 2021. When this is set in the context of a stock market where corporate valuations are already standing at very elevated levels, even a slight reduction in market liquidity could lead to a pullback in stock market valuations. In recent weeks, a FTSE100 Put with an exercise level of 6,200 and a term to December 2022 has been purchased, covering 38% of the current portfolio value."
Noslien 9 Aug '21 - 08:00 - 5228 of 5229 0 1 0 Rio Tinto and BHP to pay out US$100bn in dividends over next three years predicts JP Morgan Https://www.proactiveinvestors.co.uk/companies/news/956613/rio-tinto-and-bhp-to-pay-out-us100bn-in-dividends-over-next-three-years-predicts-jp-morgan-956613.html
Proactiveinvestors 08:39 Thu 05 Aug 2021 Glencore reports record interim profits, a special dividend and a US$650mln share buyback The mining giant will pay a special cash dividend of US$0.04 a share in September and the US$650mln share buyback is expected to be completed by the release of its full-year results next year, taking its planned 2021 shareholder returns to about US$2.8bn Glencore PLC (LSE:GLEN) (LSE:GLEN) reported a 79% jump in interim profits on higher commodity prices and announced a special dividend and a US$650mln share buyback alongside a positive outlook. Adjusted underlying earnings (EBITDA) rose to a record US$8.7bn in the first half for the commodity trading and mining company from US$4.8bn in the year-earlier period. "Following COVID-19's severe global impacts in early 2020, the subsequent economic recovery has seen prices of most of our commodities surging to multi-year highs amid accelerating demand and lingering supply constraints,” said Gary Nagle in his first results statement since taking over as chief executive on July 1. “Fiscal and monetary stimulus, successful vaccine roll-outs and increasing momentum in relation to decarbonisation of energy systems should continue to underpin sector sentiment going forward.” Nagle singled out the outlook for coal in his highlights comment. “While our coal business was impacted by relatively weak pricing and lower volumes earlier in the year, we anticipate a significantly improved finish to 2021, buoyed by the strong recovery in both thermal and coking coal prices from Q2.” Industrial adjusted EBITDA (earnings from its mining operations) surged to US$6.6bn, from US$2.6bn in the first half of 2020, on strong metals prices and expanded mining margins. Adjusted earnings (EBIT) from its trading operations fell 11% from the year-earlier period when oil trading conditions were exceptional, although all key commodity departments made a contribution in the latest six months. It expects its full-year marketing adjusted EBIT to come in at the top end of its long-term US$2.2-US$3.2bn per annum range. The mining giant will pay a special cash dividend of US$0.04 a share in September and the US$650mln share buyback is expected to be completed by the release of its full-year results next year, taking its planned 2021 shareholder returns to about US$2.8bn. The above has been published by Proactive Investors Limited
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cnbc Oil giant BP ups dividend and confirms share buybacks as it posts better-than-expected quarterly profit Published Tue, Aug 3 20212:08 AM EDTUpdated 30 Min Ago Sam Meredith @smeredith19 LONDON — Oil and gas giant BP beat second-quarter earnings expectations on Tuesday, while expanding its dividend and share buyback program. The U.K.-based energy major said it will buy back $1.4 billion of its own shares in the third quarter on the back of a $2.4 billion cash surplus accrued in the first half of the year. It also increased its dividend by 4% to 5.46 cents per share, having halved it to 5.25 cents per share in the second quarter of 2020. It also anticipates buybacks of around $1 billion per quarter and an annual dividend increase of 4% through 2025, based on an estimated average oil price of $60 per barrel. The energy major posted full-year underlying replacement cost profit, used as a proxy for net profit, of $2.8 billion. That compared with a loss of $6.7 billion over the same period a year earlier and $2.6 billion net profit for the first quarter of 2021. Analysts polled by Refinitiv had expected second-quarter net profit of $2.06 billion. “This shows we continue to perform while transforming BP — generating value for our shareholders today while we transition the company for the future,” CEO Bernard Looney said in the earnings statement. The results reflect a broader trend across the oil and gas industry as energy majors seek to reassure investors they have gained a more stable footing amid the ongoing coronavirus pandemic. The British-Dutch multinational Royal Dutch Shell, France’s TotalEnergies and Norway’s Equinor all announced share buyback schemes last week. Share prices of the world’s largest oil and gas majors are not yet reflecting the improvement in earnings, however, and the industry still faces a host of uncertainties and challenges. Shares of BP are up almost 15% year-to-date, having collapsed roughly 47% in 2020. Operating cash flow sat at $5.4 billion at the end of the second quarter, which includes the annual payment of around $1.2 billion the company makes for the Gulf of Mexico oil spill in 2010. Meanwhile net debt fell to $32.7 billion from $33.3 billion in the first quarter, marking the fifth consecutive quarter of decreased debt from the $51 billion seen in the first quarter of 2020. A year out from the announcement of its strategic overhaul, announced in August 2020, the company highlighted that it had built a 21 gigawatt renewable energy pipeline and brought eight major oil and gas projects online. Stronger commodity prices BP’s financial results come after a period of stronger commodity prices. International benchmark Brent crude futures rose to an average of $69 a barrel in the second quarter, up from an average of $61 in the first three months of the year. Oil prices have rebounded to reach multi-year highs in recent months and all three of the world’s main forecasting agencies — OPEC, the International Energy Agency and the U.S. Energy Information Administration — now expect a demand-led recovery to pick up speed in the second half of the year. It comes after a 12 month period which BP has described as “a year like no other” for global energy markets. In its benchmark Statistical Review of World Energy, published on July 8, BP said that over the past seven decades the company had borne witness to some of the most dramatic episodes in the history of the global energy system. These crises included the Suez Canal crisis in 1956, the oil embargo of 1973, the Iranian Revolution in 1979 and the Fukushima disaster in 2011. “All moments of great turmoil in global energy,” Spencer Dale, chief economist at BP, said in the report. “But all pale in comparison to the events of last year.” The ongoing Covid-19 crisis triggered a historic oil demand shock in 2020, with Big Oil companies enduring a brutal 12 months by virtually every measure. The pandemic coincided with falling commodity prices, evaporating profits, unprecedented write-downs and tens of thousands of job cuts. Analysts told CNBC ahead of the latest batch of second-quarter earnings that while energy companies were likely to try to claim a clean bill of health, investors were expected to harbor a “tremendous degree” of skepticism about the long-term business models of oil and gas firms. This was predominantly a result of the deepening climate emergency and the urgent need to pivot away from fossil fuels.
The Hague, July 29, 2021 - The Board of Royal Dutch Shell plc ("RDS" or the "Company") today announced an interim dividend in respect of the second quarter of 2021 of US$ 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 https://www.shell.com/drip 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
THE MOTELY FOOL FWIW Telecoms titan Vodafone Group has long been one of the best cash generators on the FTSE 100. This has allowed it to pay above-average dividends to its investors. City brokers are expecting another annual payout of €0.09 per share this fiscal year, too, resulting in a 6.5% dividend yield. This makes the company a great buy today, in my opinion, as does its drive to roll out its fixed-line broadband and 5G services across Europe. I also like the company’s exposure to fast-growing markets in Africa, though swiftly-rising competition in these developing regions could potentially hamper profits generation there. Royston Wild | Sunday, 18th July, 2021
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%).
Just taken a position here as I like the stocks and potential income. Not sure why it does not get much press coverage as recent performance looks good to me.
A slight increase in the final dividend at CSN makes the current yield a few points off 8% at 275p. The results support the continued growth of the final dividend to 14.29p per share (2019 final: 13.87p per share) ), resulting in a 3% increase in the total full year dividend to 21.94p per share (2019 full year: 21.30p per share). This constitutes the 16(th) consecutive annual dividend increase for shareholders.
Good results and slight dividend increase from MNG sees a BUY from the IC on a yield of 8.3%. Https://www.investorschronicle.co.uk/news/2021/03/09/m-g-sla-a-tale-of-two-dividends/
Rio Tinto confirms $9bn dividend in a week of bumper returns for mining shareholders MiningMajor Commodities By Andrew Fawthrop 17 Feb 2021 Rio Tinto, BHP and Glencore have each confirmed big dividends this week, as mining companies benefited from a price surge for major commodities in 2020 Rio Tinto Pilbara Cape Lambert iron ore Iron ore at Rio Tinto's Cape Lambert operation in Pilbara, Western Australia (Credit: Rio Tinto) Rio Tinto has confirmed its largest-ever annual payout to shareholders, in a week when rivals BHP and Glencore also upped their own dividends in response to solid returns across the mining industry in 2020. In total, the Anglo-Australian miner issued payments of $9bn for the full year, equivalent to 557 cents per share and 72% of its underlying earnings for the 12-month period. It includes a $5bn final ordinary dividend and a $1.5bn special dividend announced today (17 February). Rio benefited from a surge in prices for iron ore – its biggest commodity focus – during the year, buoyed by strong demand for the steelmaking ingredient in China as the country emerged first from the depths of the coronavirus downturn. Its underlying earnings from iron ore increased by 18% year-on-year to $11.4bn – accounting for more than 90% of total earnings from all product segments. “Safe and well-run operations, together with world-class assets, great people, capital discipline and a strong balance sheet, leave Rio Tinto well placed to generate superior returns for shareholders,” said chief executive Jakob Stausholm. BHP and Glencore further boost 2020 mining dividends Yesterday, rival BHP issued a $5.1bn dividend alongside its half-year results on the back of strong earnings driven by the price surge for iron ore and copper. Analysts suggest an even bigger windfall could be on the cards later in the year when the firm posts its full-year update, assuming commodity markets maintain strong performance. “Our outlook for global economic growth and commodity demand remains positive, with policymakers in key economies signalling a durable commitment to growth and signalling ambitions to tackle climate change,” said BHP chief executive Mike Henry. “These factors, combined with population growth and rising living standards, are expected to drive continuing growth in demand for energy, metals and fertilisers.” Glencore resumed its dividend with a $1.6bn payment, having paused shareholder returns in August amid uncertainty surrounding the pandemic. For the Swiss mining giant, 2020 was the last of its dividends to be paid out under the tenure of long-standing chief executive Ivan Glasenberg as he prepares to leave his role at the head of Glencore. The South African industry veteran retains a roughly 9% ownership interest in the company, however. While the impact of the pandemic caused huge disruption to global industry and commodity markets last year, diversified mining companies have been boosted by growing demand for some of their core products, like iron ore and copper, as major economies prepare to build their way out of the economic downturn with large infrastructure projects. Some analysts and financial planners, including at JP Morgan Chase, have suggested a new commodity “supercycle221; may getting underway, with crude oil also enjoying a price resurgence after a dire 12 months amid record demand loss for petroleum fuels. “Lower interest rates and high levels of government spending should both stimulate economic activity and increase demand for commodities,” noted analysts at Hargreaves Lansdowne. “Meanwhile years of financial restraint post 2015/16 mean miners haven’t necessarily spent as much as they might have on new mines. “That combination of increased demand and lower investment in new supply could be explosive for commodity prices, and excellent news for miner’s profits. “Ultimately, it’s difficult if not impossible to say with any degree of certainty which direction commodities will take. However, we certainly see an argument for miners being on track for better times ahead.” A difficult year for Rio Tinto, despite financial gains Rio Tinto reported underlying earnings of $12.4bn for 2020, up 20% year-on-year, with consolidated revenues up 3% to $44.6bn and net debt falling from $3.65bn to $664m. Yet despite the strong financial performance, it was also a damaging year for the company, which suffered a big reputational blow when it destroyed the Juukan Gorge aboriginal heritage site in Pilbara, Western Australia during a mine expansion in May. The incident prompted a parliamentary inquiry and ultimately cost former chief executive Jean-S├ębastien Jacques his job, along with two other senior executives. Newly-appointed Rio Tinto CEO Jakob Stausholm said: “It has been an extraordinary year – our successful response to the Covid-19 pandemic and strong safety performance were overshadowed by the tragic events at the Juukan Gorge, which should never have happened.” The mining company recently reshuffled its executive structure under the new boss, with a primary aim of rebuilding trust with project stakeholders following the episode. Scope 3 emissions on the agenda In today’s update, Rio outlined new targets for addressing its Scope 3 emissions – those caused by the end use of the products it sells, and the hardest to abate. It said it plans to achieve net-zero emissions from the shipping of its goods by 2050, and align with the International Maritime Organisation (IMO) goal of a 40% reduction in shipping intensity by 2030. Rio also plans to work with partners in the steelmaking sector on pathways to decarbonise the manufacturing process and invest in technologies that can advance this process. Glencore recently set its own targets for tackling Scope 3 emissions, as part of a broader push to eliminate the entirety of its carbon footprint by 2050. It confirmed in its financial update yesterday that this climate strategy will be put to shareholders for an advisory vote at its forthcoming annual general meeting in April. Carlota Garcia-Manas, senior responsible investment analyst at Royal London Asset Management (RLAM), welcomed this move, saying it “constitutes another big step in the transformation of this company and reinforces the value of shareholder engagements”. She added: “Glencore is one of a few companies leading the way” on climate action.
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Some high yield stocks for others to research, in no particular order and without recommendation. SUS DUKE HFEL HHI SHRS VOD PMGR CSN BERI PHNX SDV STCM GLO PLUS IGG CLIG MNG WINK CYN NCYF JEMI MRCH BP. CLIG RDSB NG.
Nestle SA said Thursday that 2020 net profit fell while sales rose organically and that it expects continued improvement in organic growth and profitability. The Swiss food-and-beverage company said net profit for the year was 12.23 billion Swiss francs ($13.65 billion) compared with CHF12.61 billion the previous year. Sales decreased on year to CHF84.34 billion. Organic growth reached 3.6%, supported by strong momentum in the Americas as well as Purina PetCare and Nestle Health Science. Analysts had forecast net profit of CHF11.97 billion and sales of CHF84.78 billion, according to a company-compiled consensus. Looking at the current year, Nestle said it expects a continued increase in organic sales growth toward a mid single-digit rate and continued, moderate improvement in underlying trading operating profit margin. It sees an increase in underlying earnings per share at constant currency and capital efficiency, the company said. In the mid term, it expects sustained mid single-digit sales growth. Nestle said its board of directors will propose a dividend of CHF2.75 a share, an increase of 5 centimes, at the annual general meeting scheduled for April 15. Write to Giulia Petroni at giulia.petroni@wsj.com (END) Dow Jones Newswires February 18, 2021 02:01 ET (07:01 GMT)
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Orange said Thursday that revenue for the fourth quarter fell, and outlined proposals for dividends covering 2020 and 2021. The French telecommunications company said quarterly revenue fell to 10.92 billion euros ($13.15 billion) from EUR10.94 billion on a comparable basis in the fourth quarter of 2019. Earnings before interest, taxes, depreciation and amortization after leases, or Ebitdaal, slipped to EUR3.18 billion in the quarter from EUR3.26 billion on a comparable basis. The company began using Ebitdaal as a financial indicator in 2019 to account for the adoption of the IFRS 16 accounting standard. For 2020, the company said net profit climbed to EUR4.82 billion from EUR3 billion in 2019, while Ebitdaal fell to EUR12.68 billion from EUR12.81 billion on a comparable basis. Orange had guided for a decline in 2020 Ebitdaal of about 1%, including all the effects related to the coronavirus pandemic. For 2021, Orange expects stable but negative Ebitdaal and confirmed its goal to generate between EUR3.5 billion and EUR4 billion in organic cash flow in 2023. The company said it would ask shareholders in May to vote on a dividend payout of EUR0.70 a share, plus EUR0.20 a share linked to a EUR2.2 billion tax refund. Orange also said it would propose a 2021 dividend of EUR0.70 a share to the 2022 shareholders' meeting, with an interim dividend of EUR0.30 a share to be paid in December. Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94 (END) Dow Jones Newswires February 18, 2021 02:08 ET (07:08 GMT)
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