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GLEN Glencore Plc

460.15
-2.75 (-0.59%)
13 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Glencore Plc GLEN London Ordinary Share
  Price Change Price Change % Share Price Last Trade
-2.75 -0.59% 460.15 16:35:09
Open Price Low Price High Price Close Price Previous Close
460.10 455.55 462.35 460.15 462.90
more quote information »
Industry Sector
MINING

Glencore GLEN Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
21/02/2024InterimUSD0.06529/08/202430/08/202420/09/2024
21/02/2024InterimUSD0.06502/05/202403/05/202405/06/2024
16/02/2023InterimUSD0.2231/08/202301/09/202322/09/2023
08/08/2023SpecialUSD0.0831/08/202301/09/202322/09/2023
15/02/2023InterimUSD0.2204/05/202305/05/202301/06/2023
15/02/2022FinalUSD0.1301/09/202202/09/202222/09/2022
04/08/2022SpecialUSD0.1101/09/202202/09/202222/09/2022
15/02/2022InterimUSD0.1321/04/202222/04/202220/05/2022
05/08/2021SpecialUSD0.0402/09/202103/09/202121/09/2021
05/08/2021SpecialUSD0.0402/09/202103/09/202121/09/2021
16/02/2021InterimGBP0.04302322/04/202123/04/202121/05/2021
18/02/2020InterimUSD0.103/09/202004/09/202022/09/2020
18/02/2020InterimUSD0.123/04/202024/04/202022/05/2020
20/02/2019InterimUSD0.105/09/201906/09/201924/09/2019
InterimUSD0.104/09/201906/09/201924/09/2019

Top Dividend Posts

Top Posts
Posted at 12/6/2024 22:05 by zam1
Zambia Takes First Step to Start Trader Competing With Glencore https://www.bloomberg.com/news/articles/2024-06-12/zambia-takes-first-step-to-start-trader-competing-with-glencoreCompetition for Glen
Posted at 12/6/2024 00:14 by noccer
Copper seen as an indicator for all economic activity, but also closely drives GLEN, even when coal was their main moneymaker. I think the supply/demand says copper is going up, but why the big oscillation? technical traders? AI assisted traders?

For me copper is going up medium term, and long term. As for Glen - I hope they don't bet the farm on AAL - it is new supplies we need not just taking over existing mines. There are discoveries out there that could be mined at far less cost than a grand takeover. I owned a bit of SOLG - but no more - it discovered a Tier 1 copper resource in Ecuador and is being starved to death. Even AYM in Anglesey can't get the £100m (aka peanuts) required to open a mine. It is almost like the majors want to strangle the supply to boost their revenues by raising the price, which is great for shareholders but pretty bad for electric cars, wind turbines, and other parts of the green agenda.
Posted at 05/6/2024 21:22 by zam1
I don't see any bid by Glen for Anglo Glen likely to drop below 450 no longer attractive for dividend since it has been cut down.
Posted at 05/6/2024 16:59 by maccack
If you're with ii, it is a little scam to their benefit. They receive GLEN divi in USD & use their own USDGBP rate to convert, and obviously 95% of the time it is only ii who benefits from that FX conversion.
Posted at 05/6/2024 16:28 by frank_spencer
What dividend have people received? I thought the dividend was 5.1946p per share but I have been credited with a tax exempted dividend of 5.08806p per share. Puzzled at my end.
Posted at 22/5/2024 17:27 by zam1
Glen divided is rubbish now not worth holding for dividend anymoreWill Glen get involved in the Anglo bidding with BHP last chance it looks as BHP is not letting it go after all it might be too expensive purchase.
Posted at 03/5/2024 15:28 by action
Monty may get his target price...GLEN let go. Can not maintain divi yield. Now bidding war., say good buy to divi for long time.. even Teck partial bidding is too much for GLEN.
Posted at 13/4/2024 06:28 by gxgxx
Article from Internet

Glencore share price is nearing a golden cross formation
Glencore’s stock has jumped sharply in the past few weeks.
The price of copper has soared to its highest level since 2022.
There are signs that a new supercycle is happening in the commodities market.
Glencore (LON: GLEN) share price continued its strong recovery this week as investors focused on the commodity sector. The stock surged to a high of 477.60p, its highest point since January 2nd. It has risen by more than 30% from its lowest point in 2024.
Copper price is soaring

Mining companies are doing well, helped by the ongoing recovery of commodity prices around the world. As I wrote on Wednesday, Antofagasta has become the best-performing company in the FTSE 100 index this year.

Glencore’s stock is surging because of the ongoing revival of the copper market. Data shows that the price of copper rose to its highest point since June 2022. It has risen by over 24% from its lowest point in 2023 and is a sign that the global economy is bouncing back.

Copper is an important metal in Glencore’s business. It produced over 1 million tons of copper in 2023, generating billions of dollars in revenues and profits. In all, its metals and minerals business had over $35 billion in revenues and an adjusted EBITDA of $5.4 billion.

Glencore is also benefiting from the resurgence coal business. Data shows that the price of coal has jumped to $121, much higher than the year-to-date low of $94. This is notable because Glencore is one of the biggest coal companies in the world.

Coal demand will continue rising even as countries invest more money on renewable energy projects like wind and solar. The main threat for coal is natural gas, which is one of the most popular energy source in some countries.

Glencore is in the process of transitioning from the coal business, a strategy I believe is wrong. It is doing that by spinning off its coal business and combining it with that of Teck Resources.

Meanwhile, Glencore is set to benefit from its marketing operations since it one of the biggest commodity traders in the world. It moves millions of barrels of oil every day, which helped it make over $186 billion in revenues in 2023.

Glencore and other trading companies like Vitol, Trafigura, and Mercuria have been swimming in cash in the past few years. According to FT, trading profits jumped to over $104 billion in 2023.

Therefore, as we saw with General Electric, there is a possibility that Glencore’s stock will do well ahead of its spin-off. GE shares jumped sharply ahead of its energy business spin-off this year.
The daily chart shows that the Glencore stock price has been in a strong bullish trend in the past few weeks. It has moved back to the rising wedge pattern that formed in 2023.

The stock is now about to form a golden cross pattern, which happens when the 200-day and 50-day Exponential Moving Averages (EMA) cross each other.

Also, the Relative Strength Index (RSI) shows that there is a bullish momentum going on. Therefore, the outlook for the stock is bullish, with the initial target being at 500p.
Posted at 22/2/2024 12:16 by gxgxx
Very Good article inspires confidence and a positive future:
High lights
Glencore (OTC:GLNCY) PLC (GLEN.L) has reported a strong financial performance for 2023, with an adjusted EBITDA exceeding $17B, primarily driven by its coal business. The company's marketing endeavors also outperformed expectations, bringing in $3.5B. The firm demonstrated a commitment to shareholder returns by distributing over $10 billion and announcing a $1.6B dividend. Despite the lower commodity prices impacting the cobalt business, Glencore's overall margins remained healthy. The company emphasized its progress in emission reduction and focus on critical minerals, aligning with its ESG scorecard. With a net debt of $4.9B and strong liquidity, Glencore is well-positioned for future investments and growth, particularly in sustainable initiatives.
Key Takeaways

Adjusted EBITDA reported over $17B, driven by strong coal business performance.
Marketing results exceeded expectations with a $3.5B contribution, evenly split between energy and metals.
Shareholders received over $10B; $1.6B dividend announced.
Net debt stands at $4.9B; strong liquidity positions the company for upcoming investments.
Industrial performance impacted by lower commodity prices, particularly in cobalt, but margins remain healthy.
Company's focus on emission reduction and critical minerals aligns with its ESG goals.
Portfolio management includes acquisitions and divestitures, emphasizing responsible governance and operational safety.

Company Outlook

The company projects an EBIT of $3B in 2024, with a focus on managing debt levels and cash flow generation.
Glencore is optimistic about future performance and is committed to growth and sustainability initiatives.

Bearish Highlights

Lower commodity prices, particularly in cobalt, impacted industrial performance.
Challenges in the zinc business due to European power prices and smelting costs.

Bullish Highlights

Coal generated $4.5B in EBITDA.
Copper business expected to grow, with significant production increases planned.
Strong growth in the energy sector and investments in renewables.
Positive market conditions for transition commodities, including copper, aluminum, cobalt, and nickel.

Misses

Cobalt business suffered from oversupply, affecting commodity prices.
Zinc business EBITDA reduced from $321 to $308 due to external challenges.

Q&A Highlights

The company plans to spin out its coal business once net debt reaches $5B, subject to shareholder approval.
Ongoing negotiations with a buyer for ZCCM to bring cash flow back to Glencore.
Positive discussions with the new Argentinian government for potential MARA project incentives.
Capitalizing on market disruptions and arbitrage opportunities in the shipping industry.

Glencore's financial results for 2023 show a company that has capitalized on its coal business and marketing strategies to deliver strong returns to its shareholders. The company's strategic portfolio management, including acquisitions like EVR and MARA and divestitures such as Viterra Bunge (NYSE:BG), demonstrate a commitment to responsible governance and operational safety. Despite challenges in the cobalt and zinc markets, Glencore remains optimistic about its copper and energy sectors, particularly in light of the global transition to a low-carbon economy. With significant investments in renewables and a focus on critical minerals, the company is well-positioned to continue its growth trajectory and maintain healthy margins amidst fluctuating commodity prices.
Posted at 29/1/2024 16:05 by kenmitch
Here’s the site for accurate information on dividends:-



The above link takes you to the Glencore page. If ADVFN block it just Google “dividend data,” and then enter GLEN in the box.

The above site is updated immediately a dividend is announced.

As you can see Glen paid 40p last year. It will probably be less this year but again as the above link shows, the current dividend yield is over 7% and more than twice covered.

For dividend pay dates just click on the appropriate heading! Saves ALL these questions about the dividend! Another very obvious source are the Results updates from Glen which normally include information about the next dividend and sometimes dividend policy.

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