Plus500 Dividends - PLUS

Plus500 Dividends - PLUS

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Plus500 Ltd PLUS London Ordinary Share IL0011284465 ORD ILS0.01 (DI)
  Price Change Price Change % Stock Price Last Trade
-14.00 -1.03% 1,343.00 14:09:03
Open Price Low Price High Price Close Price Previous Close
1,384.50 1,330.50 1,384.50 1,357.00
more quote information »
Industry Sector

Plus500 PLUS Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

oi_oi_savaloy: I'm pretty sure Plus state that they will provide a dividend of up to 60% of the net profit each year. I'm not sure the tax rebate forms 'net profit' but based on £515million (but not including the amounts for share buybacks which i think is £60mill sorry not got the figures to hand) that would equate to £309,000,000 gross (minus £60mill for buybacks) = £250mill for a dividend........I think.....anyone else got an opinion on this (preferably with more robust numbers!) and I'd expect some of that corporate tax monies to come back to us to in one form or another. Thoughts?
olig1: Simplethesis, I'm not sure what your point is either. He doesn't have inside information is my point. His actions seem perfectly understandable to me. He increased his stake in March when the market went crazy and the price of Plus dropped. I did the same as it was clear what a bargain Plus was at this point. Following an almost double of the price he sold about half of what he bought in March but retains over 80% of his shareholding. To me this is a rebalancing of a portfolio not a vote against Plus. Again I have done the same. If he has special knowledge about Plus and doesn't believe its prospects are great he would be mad to have sold less than 20% of his holding.
simplethesis: Can anyone explain in plain terms which kind of volatility benefits Plus? Volatility is good. Specifically, big daily trading ranges are good. High VIX clearly good for equity indices and single equities. Clients tend to be net long equities, particularly, but also indices. As Plus500 does not hedge externally, as it is, that means that they have tended to benefit from market declines and suffer, in the short term, from market rises. Examples would be Q4'18 and the market rebound in Q1'19, also Q1 this year and then Q2. Volatility happens for a reason, which typically means that event-focussed newsflow picks up, to the extent sometimes that it "cuts through" and provokes others to think about trading. Newsflow drives new clients, then volatility drives trading velocity and customer income. Note that this language about up/ down markets and Customer Trading Performance is all short term. In all cases, whether IG/ CMC/ Plus500, the platform is principal to the trader. In the case of Plus500, as there is no external hedging, if their book is net long equities and those markets fall, they make money immediately as they are the other side of the trade. This was however money which would otherwise have come to them over time through spreads, as the customer continues to trade. hence this is a timing issue. The other way round, if a customer makes money, on a gross basis, then they are likely to trade more and in greater size because their account is flush. It's important to understand that CTP and CI are a disaggregation of revenues. All that matters in the end is those revenues, which have averaged to a quarterly ARPU of $1006 since the start of 2019, or $1044 ex CTP. ARPU in the first three quarters of the year has averaged to $1220, which means that the rate at which customers' money has been flowing to Plus500 has been elevated, but only by 20%.
rhatton: Have just finished reading the broker note from the other day. Alludes to what simple has been saying in terms of the earnings for next year “Despite the likely increase in the latent earnings potential of the platform during the quarter, we leave our FY21 and FY22 forecasts unchanged at this stage given the uncertainties, and will revisit these once we have a sense for how the business is likely to perform in a more normalised environment. 1950p TP implies 20% upside potential Based on our updated forecasts for FY20 the shares trade on a PE of 4.8x and offer a dividend yield of 8.0%. We see the latter as particularly attractive given the upside that could prevail should our 4Q20 estimate prove too conservative, and the fact that on more normalised earnings the stock is just trading on just 11.1x CY21 earnings and 6.6x EV/EBITDA. Given the performance of the platform during the quarter, it is clear to us that Plus500 is the leading operator in the retail CFD space. As a result, we believe that the current discount at which it trades to its peers will unwind, and set our target price using a 13.0x multiple. We apply this to our FY21 earnings and add a small premium to reflect the supernormal returns being generated in FY20, part of which is likely to be returned to shareholders via the dividend. Our unchanged target price of 1950p implies upside of 20% from the current share price.”
oi_oi_savaloy: Simplethesis - thank you for your excellent response; I don't doubt that the numbers Plus are going to deliver are in excess (probably way in excess of) their written rns but I've been caught out before (buying Plus and then seeing the share price tank, rather like my disco dancing did at a rave in '89......) and just need the reassurance that this Board has considered all sides of the argument. I seem to remember we've been caught out by PNL going the wrong way for Plus before (last year?). As crazy as Djokivic1 has explained it (really, really hard for PNL to go against us) there's still that possibility of Plus being on the wrong side of that (and that's possible right?)
energeticbacker: Featured in today's Investor's Champion update – Plus has done nicely from the heightened stock market volatility and has also benefited from a further cash windfall. The 7%+ current dividend yield looks appealing but shareholders shouldn't count on this largesse every year.
sophia1982: That is a nice write up of PLUS by James Hanbury (if it has not previously published). hxxps:// An interesting comment is the following: "Instead they limit customers’ position sizes. They are very happy to have whale traders, but they don’t like single whale trades. Their profile of winning/ losing days is extremely impressive: 85% of days are winning days. They do have big losing days. The biggest one came on a day in the Crypto craze in Oct 2017 where they lost £3.5m. Hanbury’s view is that is easily coverable by the £200m cash on the balance sheet. When there are high levels of downside volatility, Plus500 tends to make back money that it has lost quickly because volatility stimulates activity elsewhere". I would like to know more about PLUS' risk and how they cover it. Perhaps it has already been dealt with in previous posts, I am quite new to the company. But if anyone can shed more light onto this, that would be helpful.
barryharmer: Attachments to support your claim: For "Official Statement from your financial institute dated 21.08.2020 showing the exact Plus500 Shares held in your Account." and "Official Statement from the financial institute dated 11.11.2020 showing the Plus500 Dividend payment." I just download the PDF from the HL site showing the Income Account Transaction History entry for the dividend payment – it shows the amount paid as well as the number of shares it relates to. You could ask HL for the statement on ex-dividend date as well, but they won’t do it for any shares held in a SIPP. So I send 3 statements one for each type of account. A scan of your passport "Official letter from your financial institute with respect to their detailed wire instructions (Note, same financial Institute which holds the Share on your behalf)." Setup a currency account with HL, they are outsourcing the currency service in the near future, so the details will change from what I sent last time. When you setup the account they will provide the details you need to send ESOP. I send 'Alastair Billing' Details of the amount I expect in US$ about the end of the month after submitting the claim, it normally loses $20 in fees on the way. The reference you send ESOP is placed at the end of the reference field on their sending request, and this ref is truncated en-route and so HL do not what payment relates to whom. Form W-8BEN can be downloaded from Fill it out and it will require you to do an electronic signature via their website – it basically is you confirming that you are not a USA tax payer. I did it when I was asked to when they introduced the need, but have not sent it on claims after that. Do it and then don’t bother send it again. ESOP are not “jobs worth’s”, get your claim in quick and if something is not quite right they will let you know to rectify it – I have had a claim paid that I forgot to sign! Anyone that needs any clarification about any of it then message me. Only some of the info is HL specific.
barryharmer: The first part of the reclaim is getting the Cert of Residence from HMRC Do this soon.. HMRC took about a month to send me mine and that was before COVID. I will post the other instructions for the reclaim soon. gives you info, but to apply use the link to fill in the form – it does not require Govt Gateway Login and is the one I used and supply the required answers to the non-personal questions below: Q. Reason why a certificate is needed: A. Claiming reduction of tax deducted by the Israel Govt from dividends paid by Plus500 a share traded on the FTSE. The shares are held within my ISA. Q. Period for which you need a certificate: A. 06/04/2020 to today Q. Which country's tax office requires certificate? A. Israel Q. Please enter below the type(s) and amount(s) of foreign income received during the period for which a Certificate of Residence is required. (If shares, please provide the full name and address of the company and the number of shares in the same field.). A. Shares Plus500 Building 25 Matam Haifa, 31905 Israel ????? Shares Dividend = US $???? per share les 20% holding tax This is to reduce the holding tax from 20% to 15% Q. Article of the DTA: A. 1971391 Q. Received as individual/partner/limited company: A. Individual through ISA provider
groveman1: Found this on Yahoo Financial - OK, not the most august organ of financial matters, but exposure, none the less: 'FTSE 250 stock Plus 500 is soaring today. I think there could be more to come Shares in online trading platform and FTSE 250 member Plus 500 (LSE: PLUS) were well into positive territory this morning as the firm hailed an “outstanding performance” over the first half of 2020. I suspect there could be more gains on the cards over the rest of the year. Plus 500: market crash winner Thanks to March’s market crash and the volatility seen since, total revenue at Plus 500 rocketed 281% to $564.2m compared to the same six-month period in 2019. Earnings before interest, tax, depreciation and amortization (EBITDA) came in at $361.8m — a stonking 452% higher. Unsurprisingly, the company welcomed a huge number of new customers (over 198,000) over the half-year. Client deposits jumped from just over $467m in 2019 to $1.65bn over the period and 47 million trades were placed — a dramatic increase on the 17.5 million seen last year. For those already holding the stock, the good news didn’t stop there. Dividend delight! In addition to announcing a new share buyback programme, Plus 500 also confirmed an interim dividend of $0.95 per share. That’s a rise of almost 250% on 2019’s cash payout! It also said that it was considering paying a special dividend to holders at the end of the full year. Based on trading over the last couple of months, I think the latter is very likely to happen. It said today that customer income in the second half of its financial year so far was still “more than double that of the prior year“. Moreover, Plus 500 is absolutely rolling in money. With no debt to its name, the FTSE 250 stock had almost $588m in cash at the end of June. The nature of its business means the firm won’t be to every investor’s taste. Nevertheless, it’s hard to be bearish on the company as things stand. Indeed, with the shares trading on just six times earnings before today’s results and the possibility that markets could remain skittish for some time to come, I certainly wouldn’t blame anyone for taking a stake now.'
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