Sant Uk.10te% Discussion Threads

[cwa1] 28/4/2023 10:51

At least there's a reason I suppose, unsatisfactory as it is...

TBF, iDealing used to be excellent with the dividend being paid before markets opened on the date it was due. However, as you say, there seems to have been a backroom change and it is now paid out during the date due, which is totally fine by me-even though I'd prefer it be there before trading starts ;-)

As a brief aside I had one holding that paid by cheque and the bank lost the cheque after iDealing presented it, that was a nightmare to get sorted out by iDealing and. IIRC, it took over 6 months to finally get it paid.

[cwa1] 27/4/2023 16:29

As far as I am aware, yes, SD is due on this one

[aamhager] 27/4/2023 16:26

Tried to buy see some today and I was quoted a stamp duty by AJBell? Is it real? Is stamp duty due on this one?

[cwa1] 26/4/2023 13:36

Again FWIW, my iDealing payment of SAN appeared on 6/4/23

[hindsight] 26/4/2023 12:59

Dividend 06/04/2023 SANTANDER UK 10.375 PFD DIVIDEND XXX@0.051875

Line from my account ledger

[cwa1] 26/4/2023 12:17

Hello jaknife. FWIW I've received it over multiple broker accounts

[hindsight] 10/4/2023 10:10

The tenders on NWBD and LLPC were voluntary and at a price higher than the market. However I cant speak for others that may have happened.

[the monkster] 09/4/2023 12:46

Are the tenders voluntary ?? ....presumably at a price higher than one would get on the market if selling (meaning a reduction in running yield).

[badtime] 20/3/2023 10:55

Took a nibble

[jitters3] 09/3/2023 09:30

Looks like they've taken the full dividend off

[hindsight] 07/3/2023 13:46

Thx for the reply. The tenders I had on NWDB and LLPC were quite good ie could recycle profitably. If they tender here at 2.5% over gilts I see no problem. Its an attempt at par that worries me, but as each tender across the sector happens so the accepted done thing is written deeper

[stansmith1] 07/3/2023 13:06

hindsighti posted recently that san had bought a lot of these back already and they were a strong candidate for future corporate action....the risk being a spike in interest rates and lower tender prices... i took the response to be that people would rather hold for income, i dont think is an option here, but good luck to anyone with a different view - whether its good or bad then i would say depends on your own preference and if you are able / want to recycle into something similar, will we be able to bounce into tenders from aviva, lloyds, natwest, rsa etc? ive started buying more funds for longer term income, but am hoping to use the swan song from prefs to get a leg up there, no guarantees though...

[hindsight] 07/3/2023 11:16

stansmith1, are you suggesting thats good or bad
The tenders look ~2.5% over gilts so if tendered here be ~6.5%

[cwa1] 07/3/2023 11:16

Taken a little bit more here ahead of Thursday's XD. Sensible value here I think, all things considered...

[stansmith1] 06/3/2023 20:55

as predicted santander are again launching tenders...

[hindsight] 23/2/2023 13:32

Does anyone know if the terms are different on san and sanb ? to explain the yield difference at present

[madmix] 14/2/2023 07:55

Cheers MRF.

[cerrito] 13/2/2023 22:41

Thanks for that confirmation

[my retirement fund] 13/2/2023 21:38

I can assure you these pay 10.375% PA into any account you like, be it SIP, ISA, or trading account.

[cerrito] 13/2/2023 21:30

All the pref shares I have held have been in my SIPP where dividend payments are received without deduction but I am thinking of buying for my ISA and would appreciate reassurance as requested by madmix.