M&g Share Discussion Threads

[10576190] 12/8/2020 11:26

Yes, i was expecting 3-4p anyway from above:

"Interim dividend of £155 million equal to 6.00p per share, in line with our policy of paying one-third of the previous year's final dividend"

[frazboy] 12/8/2020 10:47

"We paid dividends of £410 million on 29 May 2020, comprising an ordinary dividend of 11.92 pence per share and a special demerger dividend of 3.85 pence per share. We will be paying an interim ordinary dividend of £155 million equal to 6.00 pence per share, in line with our policy of paying one-third of the previous year final dividend, on 30 September 2020."

I was expecting them to pay a 4p dividend. Can someone help me interpret their dividend policy?

[10576190] 12/8/2020 10:08

Wow over 12% dividend return this year at current price!

[skinny] 12/8/2020 08:23

.

Highlights

- Adjusted operating profit of £309 million and IFRS profit after tax of £826 million

- Shareholder Solvency II coverage ratio of 164%, comfortably above risk appetite

- Assets under management and administration (AUMA) reduced to £339 billion, reflecting negative market movements in March

- £2.8 billion of net inflows into Institutional Asset Management and £0.8 billion of net inflows into Retail Savings, partially offsetting £7.7 billion of outflow from Retail Asset Management

- Completion of the acquisition of Ascentric scheduled for 1 September following FCA approval of change in control

- Interim dividend of £155 million equal to 6.00p per share, in line with our policy of paying one-third of the previous year's final dividend

John Foley, Chief Executive of M&G plc, commented: "This has been a resilient performance in extremely difficult times, with the value of our diversified business mix coming through strongly.

"Earnings from our Heritage Business have remained steady, our balance sheet is robust and credit quality remains high. Over 98% of the debt securities held by the shareholder annuity portfolio are investment grade and only 15% are BBB.

"Despite the disruption caused by the pandemic, net new money has flowed into our Institutional Asset Management business, while our UK retail savings franchise, anchored on our unique PruFund offering, has remained in positive net inflow.

"Outflows in Retail Asset Management declined in the second quarter, as performance rallied. Work is underway here to further improve returns and customer value, while the acquisition of Ascentric will, once completed, bolster our position in the UK market and take us into high-value wealth management.

"Obviously, this is not the backdrop we would have wished as a newly independent company, but I have been hugely impressed by how my colleagues have responded to the challenge of continuing to serve our customers and clients during the pandemic.

"Given our continued financial strength and resilient performance in the first half of 2020, we are declaring an interim dividend of 6.00 pence per share, in line with our dividend policy."

[csalvage] 10/8/2020 12:56

https://www.fool.co.uk/investing/2020/08/08/this-solid-ftse-100-stock-pays-out-7-a-year-in-cash-id-buy-this-share-today/

[2wild] 05/8/2020 17:51

Nice 10% rise from the 154p on offer Monday. I expect they will conffirm 5.96p interim dividend, as implied in last year's prospectus, when they report on 12th August.

[nerja] 24/7/2020 16:45

Yes I hold it lol

[bothdavis] 24/7/2020 15:37

Any reasons for the big drop today?

[mister md] 26/6/2020 13:48

23/06/2020 Alliance News IN THE KNOW: M&G's Growth Potential Going Unnoticed - Berenberg

[solarno lopez] 15/6/2020 07:18

Thank you Rik Shaw

[rik shaw] 14/6/2020 19:55

The dividend policy set out in the prospectus when they demerged indicated they expect to pay an interim dividend. Of course they will think very carefully this year before declaring further dividends.

'Dividend policy
The board of directors of the Company (the “Board”) considers dividends to be an important component of total shareholder return. Dividends will be set by the Directors taking into account the Company’s overall financial position, including its level of regulatory surplus, liquidity position, leverage position, level of interest cover and quality of capital.
Subject to the Company’s overall financial position, the Directors would typically expect:
(i) dividends to be stable or increasing in absolute terms over time; and
(ii) interim dividends to be formulaic and calculated as one third of the previous year’s full year dividend.'

[solarno lopez] 14/6/2020 11:34

Do they pay a dividend just once a year ?

[wynmck] 12/6/2020 09:41

IC tip today Buy 151p

[scobak] 11/6/2020 14:08

Anyone know how much was paid for Ascentric? Looking at IC page 6 of 29/05/20 it says
'£14bn The amount paid by M&G to acquire adviser platform Ascentric.' I am sure that refers to AUM acquired but what did it cost?

[zammo_1] 10/6/2020 15:33

I think it the market generally today?

[garycook] 10/6/2020 14:31

Anyone know why the 6% drop today ?

[ygor705] 05/6/2020 15:44

Another big rise today. Looks good to move up to the two quid mark.

[zammo_1] 01/6/2020 12:55

Thanks for the update!

[ygor705] 01/6/2020 11:23

The biggest influence on the share price this week is probably going to be news about the FTSE100 additions and subtractions from the index. A couple of weeks back M&G looked a relegation candidate but with the recent revival in the share price it looks likely to survive. It looks to me as if there has been a lot of speculation surrounding the relegation possibilities here which may take a little while to unwind. Tomorrow's closing prices will form the basis of the FTSE review.

[churchill2] 29/5/2020 22:11

You have lost me Fenners

The Company gave news that the first quarter numbers on Wednesday morning provided a strong underlying performance. Bearing in mind the AGM was on Friday the Market seemed to like the numbers and marked the shares up 12p on Wednesday and 10p on Thursday.

I do not know what news you were expecting on Thursday because you already had received it on Wednesday.

[fenners66] 29/5/2020 10:27

churchill2

It seems it is very difficult - for you to appreciate the time line.
The news you refer to was 27th

It closed at 138 on the 27th

"fenners66
28 May '20 - 08:45 - 322 of 331 Edit

No news but a sudden jump this morning ?"

When it opened at about 150

So the comment still stands.

[3dwd] 29/5/2020 08:20

I added ...tgt company..plus a juicy div ..

[financeguru] 29/5/2020 08:16

trimmed my position this morning @ £1.495. sold what I bought 2 weeks ago at £1.11

will buy again on any drops