Pennon Dividends - PNN

Pennon Dividends - PNN

Buy
Sell
Best deals to access real time data!
Level 2 Basic
Monthly Subscription
for only
£62.08
Silver
Monthly Subscription
for only
£17.37
UK/US Silver
Monthly Subscription
for only
£30.59
VAT not included
Stock Name Stock Symbol Market Stock Type
Pennon Group Plc PNN London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
25.00 2.0% 1,278.00 16:29:29
Open Price Low Price High Price Close Price Previous Close
1,250.00 1,249.00 1,278.00 1,278.00 1,253.00
more quote information »
Industry Sector
GAS WATER & UTILITIES

Pennon PNN Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount
03/06/2021SpecialGBX35531/03/202031/03/202101/07/202102/07/202116/07/20210
03/06/2021FinalGBX14.9731/03/202031/03/202122/07/202123/07/202102/09/202121.74
24/11/2020InterimGBX6.7730/03/202030/09/202028/01/202129/01/202101/04/20210
04/06/2020FinalGBX30.1131/03/201931/03/202023/07/202024/07/202002/09/202043.77
26/11/2019InterimGBX13.6630/03/201930/09/201923/01/202024/01/202003/04/20200
30/05/2019FinalGBX28.2231/03/201831/03/201925/07/201926/07/201903/09/201941.06
27/11/2018InterimGBX12.8430/03/201830/09/201824/01/201925/01/201904/04/20190
25/05/2018FinalGBX26.6231/03/201731/03/201805/07/201806/07/201804/09/201838.59
29/11/2017InterimGBX11.9730/03/201730/09/201725/01/201826/01/201804/04/20180
24/05/2017FinalGBX24.8731/03/201631/03/201706/07/201707/07/201701/09/201735.96
25/11/2016InterimGBX11.0930/03/201630/09/201602/02/201703/02/201704/04/20170
25/05/2016FinalGBX23.1231/03/201531/03/201607/07/201608/07/201602/09/201633.58
27/11/2015InterimGBX10.4630/03/201530/09/201528/01/201629/01/201601/04/20160
20/05/2015FinalGBX21.8231/03/201431/03/201506/08/201507/08/201502/10/201531.8
28/11/2014InterimGBX9.9830/03/201430/09/201429/01/201530/01/201502/04/20150
03/06/2014FinalGBX20.9231/03/201331/03/201406/08/201408/08/201403/10/201430.31
28/11/2013InterimGBX9.3930/03/201330/09/201329/01/201431/01/201403/04/20140
23/05/2013FinalGBX19.731/03/201231/03/201307/08/201309/08/201304/10/201328.46
29/11/2012InterimGBX8.7630/03/201230/09/201230/01/201301/02/201304/04/20130
29/05/2012FinalGBX18.331/03/201131/03/201208/08/201210/08/201205/10/201226.52
24/11/2011InterimGBX8.2230/03/201130/09/201101/02/201203/02/201203/04/20120
24/05/2011FinalGBX17.1531/03/201031/03/201110/08/201112/08/201107/10/201124.65
25/11/2010InterimGBX7.530/03/201030/09/201019/01/201121/01/201101/04/20110
25/05/2010FinalGBX15.631/03/200931/03/201025/08/201027/08/201020/09/201022.55
02/06/2009FinalGBX14.2531/03/200831/03/200912/08/200914/08/200907/10/200921
27/11/2008InterimGBX6.7530/03/200830/09/200821/01/200923/01/200908/04/20090
05/06/2008FinalGBX13.5631/03/200731/03/200806/08/200808/08/200801/10/200819.81
31/05/2007FinalGBX12.731/03/200631/03/200708/08/200710/08/200702/10/200718.55
30/11/2006InterimGBX5.8530/03/200630/09/200624/01/200726/01/200711/04/20070
01/06/2006FinalGBX11.731/03/200531/03/200602/08/200604/08/200603/10/200617.2
08/12/2005InterimGBX16.530/03/200530/09/200501/01/197001/01/197031/01/20060
26/05/2005FinalGBX29.231/03/200431/03/200503/08/200505/08/200505/10/200514.33
09/12/2004InterimGBX13.830/03/200430/09/200426/01/200528/01/200507/04/20050
27/05/2004FinalGBX27.831/03/200331/03/200407/07/200409/07/200401/10/200413.67
27/11/2003InterimGBX13.230/03/200330/09/200307/01/200409/01/200408/04/20040
29/05/2003FinalGBX26.531/03/200231/03/200309/07/200311/07/200301/10/200313.03
28/11/2002InterimGBX12.630/03/200230/09/200205/03/200307/03/200307/04/20030
30/05/2002FinalGBX25.431/03/200131/03/200228/08/200230/08/200201/10/200212.5
29/11/2001InterimGBX12.130/03/200130/09/200106/03/200208/03/200208/04/20020
31/05/2001FinalGBX24.431/03/200031/03/200122/08/200124/08/200101/10/200112
30/11/2000InterimGBX11.630/03/200030/09/200028/02/200102/03/200106/04/20010
25/05/2000FinalGBX32.431/03/199931/03/200021/08/200025/08/200002/10/200015.93
09/12/1999InterimGBX15.430/03/199930/09/199928/02/200003/03/200006/04/20000
27/05/1999FinalGBX30.931/03/199831/03/199923/08/199927/08/199901/10/199915.2
26/11/1998InterimGBX14.730/03/199830/09/199807/12/199811/12/199806/04/19990

Top Dividend Posts

DateSubject
26/7/2021
20:14
t 34: Guys , PNN paid special divi 355p and went ex-divi on 1 July . Why the price was not marked down on ex-divi day ?
22/7/2021
17:26
sllab101: I totally agree this deal was no benefit to pnn shareholders.
22/7/2021
16:09
glenowen: Correct me if I am wrong, but has this consolidation/special dividend not seen ordinary shareholders lose out badly? My holding was reduced by one-third, because of the 2 for 3 consolidation. I have, of course, received the special dividend a few days ago. But my calculations indicate that I have been forced, effectively,to dispose of one-third of my holding at a price of £10.65 per share (which, I assume, was the share price at the time of the announcement). In the meantime, the share price has increased by nearly 20%. It seems to me that this was a forced sale of my one-third holding, which has turned out very well for the company - cancelling shares at a good price - but not so well for ordinary shareholders. A “dividend̶1; suggests something which shareholders are being rewarded with. In this case, the exact opposite has happened. Why did the BOD of Pennon decide on this arrangement, when a more straightforward share consolidation - without this “special dividend” - would have more effectively achieved the desired “return of capital”. Seems to me that shareholders have lost out - or am I missing something?
21/7/2021
13:48
oapknob1: Can we look forward to PNN buying their own shares as soon as this goes ex div.Pennon is also proposing an on-market share buy-back programme of up to GBP0.4 billion expected to be conducted through to September 2022
08/7/2021
12:01
gabsterx: My bad, I misread the below sentence, seems like 2 July is the Record date.. Better withdraw the complaint to my broker :D "As detailed in the Acquisition, Special Dividend and Share Consolidation Announcement, Pennon is proposing a special dividend of c.£1.5 billion in aggregate, representing £3.55 per Existing Ordinary Share (the Special Dividend). The Board is proposing to pay the Special Dividend to shareholders on the register of members of the Company as at 6.00 p.m. on 2 July 2021."
08/7/2021
09:19
taylor20: 2 July is the Ex-div/consolidation date. 16th July is expected payment date. "Subject to (i) shareholder approval of the Special Dividend and the Share Consolidation and (ii) admission in respect of the New Ordinary Shares, the Special Dividend is expected to be paid to shareholders on 16 July 2021. "
03/6/2021
13:29
samewe: Total share capital will be consolidated from 422 million to 278 million shares after ex dividend date by 3 to 2. Therefore if you own 3 shares, you will receive the special divi but you lose 1 share With reduced number of share capital, Pennon will be able to maintain its divi of around 30p a share, giving a annual divi yield of around 3% assuming share price of 1000p.
03/6/2021
13:14
dartboard1: Bristol water revenue 125m 16%PNN revenue 645m 84%PNN market cap - 4.56b less 2b dividend and buy back less 0.4b for acquisition gives 2.1bPNN MC 2.1b 84%Bristol water acquisition 0.4b 16%So not an unreasonable price, see if they can lower costs and what the capex plan is for Bristol
30/3/2021
17:16
ohisay: HL today.. Now that Pennon has sold Viridor its focus is firmly on water. Pennon's taking its time to decide what's best to do with the £3.7bn in cash it received as part of the deal. How they spend it will set the group's course for the future. The group is looking at acquisitions, but isn't saying what those might be. Some of the cash has already been used to reduce debt and some will likely be returned to shareholders. With waste management out the door, the potential for a reliable income is Pennon's main attraction. That's particularly true in light of the current environment. In return for providing an affordable water supply, Ofwat (the regulator) allows Pennon to earn an acceptable financial return. This return is reviewed every five years, which means earnings have tended to be stable and predictable, underpinning a generous dividend. But Pennon and its water peers have just started a new and tougher regulatory period. Ofwat's reduced what it considers to be 'acceptable' for the coming period and increased performance targets. As with other businesses lower earnings have tended to result in less generous returns for shareholders. Pennon now aims to grow the dividend by 2% above inflation each year, having been growing it by 4% above inflation over the last five. The group's not alone in this move, its listed peers have also reduced their pay-outs to rise with inflation. Which makes Pennon's new policy on the more generous side. It's unlikely to rock the boat too much, but it's worth noting that while insulated, Pennon is not immune from the current pandemic. Like its peers the group's seeing a rise in customers failing to pay bills, business customers in particular, and that's denting earnings. To date Pennon's built a good record as a water business and while the next regulatory cycle is set to be tougher, we see no reason why this shouldn't continue. Rigid cost control has helped generate some of the best regulated returns in the sector, while service levels have been good enough to earn rewards from Ofwat. Pennon is in an interesting position, and it's worth remembering that the excess cash on the balance sheet will be distorting the valuation somewhat. The core water business is in a good place and the business has plenty of cash on hand after selling Viridor. The dividend should therefore be secure for the immediate future, although nothing is guaranteed. However, it's difficult to take a strong view until we know what Pennon's doing with the sale proceeds. Smart investments could provide a growing dividend going forward, but they'll have to be judged when we know about them.
13/6/2020
10:07
pierre oreilly: Rim, just some thoughts using your numbers (which agree roughly with my views too) You say divi to be il 2.5-3.0%, so say 2.75%, fair enough. We know the post-everything pnn divi will be about 21.11p, meaning a share price (@2.75%) of £7.68p when all done and dusted, agree with that. You expect £1-1.5bn (say 1.25bn) of the virid proceeds to be returned to shareholders (as a special divi - no evidence of that yet but still). So that means you expect a special of £2.97 per share. So the total value you expect is £2.97 cash divi plus a pnn share price post return of £7.68, being £10.64. I suppose being generous, we could add on the upcoming divi of 30.11p making a grand total expected exall value of £10.94. That is a little better than i thought, and think, but it seem there's nothing left in the current price (let alone being risk free under £11!). All fair enough and reasonable, except the risk of something not going as you envisage. I came out with a value a couple of quid less than using your assumptions. I don't like the very high implied p/e pnn will be sitting on post everything @7.68 (something like mid 20s) and to me the very high risk of the cash back not being cash in the hand. The risk of the cash into the pension pot being greater than you expect is large imv. All in all, the pnn price atm pretty much reflects the ex all value, if a little optimistically, imv. Very interesting the security of pnn should the market as a whole tank. This would be a better place than most to avoid the worst of that.
ADVFN Advertorial
Your Recent History
LSE
PNN
Pennon
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20210802 01:29:24