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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Impact Healthcare Reit Plc | IHR | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 87.30 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 87.30 | 87.30 |
| Industry Sector |
|---|
| REAL ESTATE INVESTMENT TRUSTS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 24/07/2024 | Interim | GBP | 0.017375 | 01/08/2024 | 02/08/2024 | 16/08/2024 |
| 25/04/2024 | Interim | GBP | 0.017375 | 02/05/2024 | 03/05/2024 | 17/05/2024 |
| 30/01/2024 | Interim | GBP | 0.016925 | 08/02/2024 | 09/02/2024 | 23/02/2024 |
| 20/10/2023 | Interim | GBP | 0.016925 | 02/11/2023 | 03/11/2023 | 24/11/2023 |
| 09/08/2023 | Interim | GBP | 0.016925 | 17/08/2023 | 18/08/2023 | 20/09/2023 |
| 25/04/2023 | Interim | GBP | 0.016925 | 04/05/2023 | 05/05/2023 | 19/05/2023 |
| 31/01/2023 | Interim | GBP | 0.01635 | 09/02/2023 | 10/02/2023 | 24/02/2023 |
| 21/10/2022 | Interim | GBP | 0.01635 | 03/11/2022 | 04/11/2022 | 25/11/2022 |
| 16/08/2022 | Interim | GBP | 0.01635 | 25/08/2022 | 26/08/2022 | 09/09/2022 |
| 25/04/2022 | Interim | GBP | 0.01635 | 05/05/2022 | 06/05/2022 | 20/05/2022 |
| 04/02/2022 | Interim | GBP | 0.016025 | 24/02/2022 | 25/02/2022 | 11/03/2022 |
| 15/10/2021 | Interim | GBP | 0.016025 | 28/10/2021 | 29/10/2021 | 19/11/2021 |
| 29/07/2021 | Interim | GBP | 0.016025 | 05/08/2021 | 06/08/2021 | 27/08/2021 |
| 29/01/2021 | Final | GBP | 0.015725 | 11/02/2021 | 12/02/2021 | 26/02/2021 |
| 28/10/2020 | Interim | GBP | 0.015725 | 05/11/2020 | 06/11/2020 | 27/11/2020 |
| 12/08/2020 | Interim | GBP | 0.015725 | 20/08/2020 | 21/08/2020 | 04/09/2020 |
| 07/05/2020 | Interim | GBP | 0.015725 | 21/05/2020 | 22/05/2020 | 12/06/2020 |
| 31/01/2020 | Final | GBP | 0.015425 | 06/02/2020 | 07/02/2020 | 21/02/2020 |
| Top Posts |
|---|
Posted at 31/3/2024 10:26 by catch007 I have added to PHP recently as well as IHR. Both will benefit as interest rates move lower (though I think it will be gradual small cuts to find a new baseline around the historic averages)WilliamCooper104: IHR also carrying additional costs in this year after reorganising tenant portfolio following one poorly performing tenant being exited. Rent collection is good (though capped at 4% maximum annual inflation rate). Quality of homes is continuing to rise and now we are well post Covid occupancy rates are starting to rise again despite the cost - aging population will provide a tailwind. Care homes in the past have been an absolute minefield however I believe IHR and THRL are well positioned at present. |
Posted at 29/3/2024 08:22 by paulboz BBGI have increased their dividend 10 years in a row so that looks like one to add to the list. Thanks |
Posted at 28/3/2024 13:01 by mpage PaulBoz: I don't see any howlers.Am assuming that Greencoat is Greencoat UK Wind and not the smaller, euro version Greencoat Renewables which has a much less stringent dividend policy that only 'increases progressively' and pays out in euros. ITV has repeatedly committed to an annual dividend of at least 5p - but it's a deeply unloved cyclical - cheap for a reason. Dividends are only as secure as the board decides. POLR - runs a dividend on a ratchet basis - currently uncovered but probably safe for another year (or possibly two). Like any asset manager it ultimately relies on net inflows and rising markets - supported in this instance with some performance fees. Hollywood Bowl is very well run and highly cash generative. It has often paid special divs. Personally, I wouldn't add at current levels. Its weaker peer (Ten Entertainment) was recently subject to a bid. Recent results: PHNX - v encouraging as it confirmed mid single digit div growth over the next few years. M&G nothing scary, ditto Impact Healthcare and Chesnara this morning. Aviva still returning lots of cash one way or another. We'll have to keep an eye on L&G - the div is pencilled in for another 5% rise for FY24 but after that the capital return policy might change to the more vague 'progressive'. The new CEO reveals his new strategy in a capital markets event day on 12 June. You can also get high and stable dividends from infrastructure funds like: 1: International Public Partnerships - reported this morning and announced dividend targets for FY24 8.37p + FY25 8.58p. 2: Sequoia Infrastructure Fund (private debt). There's no stamp duty payable on purchase of these latter two shares, the spreads aren't wide and the boards are committed to narrowing the discounts. |
Posted at 27/3/2024 12:46 by paulboz mpage: thanks again and I wasn't aware of the CEO obligations.My provisional list of dividend yielding shares within my SIPP is listed below. Comments on any howlers or major omissions would greatly be appreciated. NB the primary object of the exercise is not to grow my pension pot but to supplement my state pension with dividends. Assura Aviva BATS Chesnara Greencoat HSBC Impact Healthcare Legal and Gen PHP PHNX National Grid M&G SUPR |
Posted at 26/3/2024 23:30 by mpage PaulBoz: Yes, I hold them all, several for many years. I don't expect SUPR (or IHR, THRL, INPP) to be able to grow their divs by much - perhaps in the region of 2%pa (as with REITs there is usually a rent cap of 4% and, with higher debt costs, div gth must surely be below this). However they do offer a degree of inflation proofing and some have tenants on very long leases.Also, at the moment, we are at the top of the rate cycle so running yields are quite good. I'd be looking for 3%-4% above whatever the yield on 10-yr gilts is (around 4%). I have added to UKW earlier this year -best prospects for div gth and think SUPR looks quite attractive at its current yield - they expect the div to be covered by the end of the current financial year. The net initial yield on a recent acquisition looks fine to me. The debt of Sains+ Tesco is investment grade, so they're unlikely to struggle to pay the rent. I've not looked at PHP in detail but you may well be aware that when a new CEO (like Mark Davis) takes over, they are obliged to start building up a reasonable holding in their company's shares. He may well be doing it largely for regulatory reasons. |
Posted at 26/3/2024 13:36 by paulboz Hi Una, thanks for your reply. It is all about dividends for me. I'm looking to supplement my state pension with divis from my Sipp. So far I have Aviva, HSBC, LGEN, Lloyds bank, Phoenix and Php. I'm looking for other companies that are likely to pay steady divis.IHR and Assura look like possible candidates. |
Posted at 26/3/2024 10:08 by alotto Assura is also a good option. I have Assura. I would diversify buying IHR |
Posted at 25/3/2024 19:02 by mpage Nevertheless they have decided to give themselves extra wriggle room by changing the dividend policy:"In 2018, the board adopted a policy of increasing the target dividend each year in line with the inflation-linked rental growth in the previous year. The board reviewed this policy in 2023. While the policy gave shareholders certainty about dividend growth, the directors concluded that it was in shareholders' interests for the policy to be more flexible and forward looking." The board therefore agreed an updated policy, to seek to maintain a progressive dividend that's covered by adjusted earnings. The directors continue to see adjusted earnings as the best yardstick for dividend payments, as they more closely reflect the Company's cash earnings than the IFRS or EPRA measures. |
Posted at 25/3/2024 11:29 by stemis Debt is £184.8m @ average 4.56%. £75m is fixed interest loan notes due 2035, so we can ignore them. Every 1% increase in rate therefore costs £1.1m.Rental income is £49.7m, admin costs £7.1m. A 4% increase in both would yield a net £1.7m. Dividends for this year of 6.77p cost £28.1m. Adjusted earnings (on which they calculate dividend cover) was £30.2m. So there is £2.1m of headroom. So next year I reckon they could absorb a 345 bps increase in interest rates and still cover this years dividend. That doesn't take account of their interest rate caps; £50m capped against a rise above 5% until Jan 2025 and £50m capped against a rise above 6% until August 2025. Don't think dividend cover is going to be a problem. |
Posted at 30/1/2024 11:06 by 2sporrans Muted share price response to a solid update, resulting in:"2.7% increase in dividend target to 6.95p for the 2024 year" from 6.77p 2023, confirmed. next XD date 8th Feb, 1.6925p divi. The sub inflation cap on the rent increases of ~4%, while it has checked back earnings and dividend growth, has had the benefit of strengthening tenant finances and even the few problem homes, now under Melrose admin., are into +ve net cashflow. "2.2x tenant rent cover in Q3, up from 1.9x in the same quarter the previous year. This is the strongest quarterly tenant performance since the Company's inception in 2017." While their rents may have gone up 4%pa, tenants care fees have risen at triple this rate: "The average weekly fees the Group's tenants charge for the care they provide grew by c.12% in the 12 months to 31Dec23" While that's tough on the clients, occupancy rates continue to rise and are now over 88%. £185mn drawn debt, av. cost 4.56%, 95% hedged......loan to value under 28%, does not look that onerous to me. Isn't this a good situation heading forward, along with, hopefully, inflation falling further to below the ~4% rent increase cap and increases in cost of debt financing reining in during 24-25? |
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