Shires Income Dividends - SHRS

Shires Income Dividends - SHRS

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Shires Income Plc SHRS London Ordinary Share GB0008052507 ORD 50P
  Price Change Price Change % Stock Price High Price Low Price Open Price Close Price Last Trade
  0.00 0.00% 256.00 0.00 0.00 0.00 256.00 14:16:42
more quote information »
Industry Sector
EQUITY INVESTMENT INSTRUMENTS

Shires Income SHRS Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount
29/05/2019FinalGBX4.231/03/201831/03/201904/07/201905/07/201926/07/201913.2
13/03/20191GBX331/03/201831/03/201904/04/201905/04/201926/04/20190
20/11/20181GBX331/03/201831/03/201903/01/201904/01/201925/01/20190
19/09/20181GBX331/03/201831/03/201904/10/201805/10/201826/10/20180
30/05/2018FinalGBX431/03/201731/03/201805/07/201806/07/201827/07/201813
20/02/20181GBX331/03/201731/03/201805/04/201806/04/201827/04/20180
17/11/20171GBX331/03/201731/03/201804/01/201805/01/201826/01/20180
20/09/20171GBX331/03/201731/03/201805/10/201706/10/201727/10/20170
31/05/2017FinalGBX3.7531/03/201631/03/201706/07/201707/07/201728/07/201712.75
23/02/20171GBX331/03/201631/03/201706/04/201707/04/201728/04/20170
17/11/20161GBX3.2531/03/201631/03/201705/01/201706/01/201727/01/20170
08/09/20161GBX3.2531/03/201631/03/201706/10/201607/10/201628/10/20160
26/05/2016FinalGBX3.2531/03/201531/03/201607/07/201608/07/201629/07/201612.25
15/03/20161GBX331/03/201531/03/201607/04/201608/04/201629/04/20160
15/12/20151GBX331/03/201531/03/201607/01/201608/01/201629/01/20160
10/09/20151GBX331/03/201531/03/201601/10/201502/10/201530/10/20150
01/06/2015FinalGBX3.2531/03/201431/03/201502/07/201503/07/201531/07/201512.25
20/03/20151GBX331/03/201431/03/201502/04/201507/04/201530/04/20150
18/12/20141GBX331/03/201431/03/201502/01/201505/01/201530/01/20150
10/09/20141GBX331/03/201431/03/201501/10/201403/10/201431/10/20140
29/05/2014FinalGBX331/03/201331/03/201402/07/201404/07/201431/07/201412
21/03/20141GBX331/03/201331/03/201402/04/201404/04/201430/04/20140
20/12/20131GBX331/03/201331/03/201431/12/201303/01/201431/01/20140
11/09/20131GBX331/03/201331/03/201402/10/201304/10/201331/10/20130
06/06/2013FinalGBX331/03/201231/03/201303/07/201305/07/201331/07/201312
22/03/20131GBX331/03/201231/03/201303/04/201305/04/201330/04/20130
21/12/20121GBX331/03/201231/03/201302/01/201304/01/201331/01/20130
12/09/20121GBX331/03/201231/03/201303/10/201205/10/201231/10/20120
07/06/2012FinalGBX331/03/201131/03/201204/07/201206/07/201231/07/201212
28/03/2012InterimGBX331/03/201131/03/201208/04/201210/04/201230/04/20120
22/12/2011InterimGBX331/03/201131/03/201204/01/201206/01/201231/01/20120
08/09/2011InterimGBX331/03/201131/03/201205/10/201107/10/201131/10/20110
01/06/2011FinalGBX331/03/201031/03/201106/07/201108/07/201129/07/201112
30/03/2011InterimGBX331/03/201031/03/201106/04/201108/10/201028/04/20110
21/12/2010InterimGBX331/03/201031/03/201105/01/201107/01/201131/01/20110
28/09/2010InterimGBX331/03/201031/03/201106/10/201008/10/201029/10/20100
27/05/2010FinalGBX331/03/200931/03/201007/07/201009/07/201031/07/201012
30/03/2010InterimGBX331/03/200931/03/201007/04/201009/04/201030/04/20100
30/12/2009InterimGBX331/03/200931/03/201006/01/201008/01/201029/01/20100
01/10/2009InterimGBX331/03/200931/03/201007/10/200909/10/200930/10/20090
04/06/2009FinalGBX6.5531/03/200831/03/200901/07/200903/07/200931/07/200919.75
04/02/2009InterimGBX4.431/03/200831/03/200912/04/200914/04/200930/04/20090
17/11/2008InterimGBX4.431/03/200831/03/200931/12/200802/01/200930/01/20090
04/09/2008InterimGBX4.431/03/200831/03/200901/10/200803/10/200830/10/20080
29/05/2008FinalGBX6.5531/03/200731/03/200802/07/200804/07/200830/07/200819.75
06/03/2008InterimGBX4.431/03/200731/03/200809/04/200811/04/200831/03/20080
21/11/2007InterimGBX4.431/03/200731/03/200802/01/200804/01/200831/01/20080
05/09/2007InterimGBX4.431/03/200731/03/200803/10/200705/10/200701/12/20070
29/05/2007FinalGBX6.0531/03/200631/03/200704/07/200706/07/200731/07/200719.25
02/03/2007InterimGBX4.431/03/200631/03/200711/04/200713/04/200730/04/20070
27/11/2006InterimGBX4.431/03/200631/03/200703/01/200705/01/200731/01/20070
04/09/2006InterimGBX4.431/03/200631/03/200704/10/200606/10/200631/10/20060
26/05/2006FinalGBX6.0531/03/200531/03/200605/07/200607/07/200631/07/200619.25
03/03/2006InterimGBX4.431/03/200531/03/200605/04/200607/04/200628/04/20060
24/11/2005InterimGBX4.431/03/200531/03/200604/01/200606/01/200631/01/20060
02/09/2005InterimGBX4.431/03/200531/03/200605/10/200507/10/200531/10/20050
19/05/2005FinalGBX6.0531/03/200431/03/200506/07/200508/07/200529/07/200519.25
04/03/2005InterimGBX4.431/03/200431/03/200506/04/200508/04/200529/04/20050
26/11/2004InterimGBX4.431/03/200431/03/200505/01/200507/01/200531/01/20050
03/09/2004InterimGBX4.431/03/200431/03/200506/10/200408/10/200429/10/20040
20/05/2004FinalGBX6.0531/03/200331/03/200407/07/200409/07/200430/07/200419.25
04/03/2004InterimGBX4.431/03/200331/03/200411/04/200413/04/200430/04/20040
27/11/2003InterimGBX4.431/03/200331/03/200407/01/200409/01/200430/01/20040
04/09/2003InterimGBX4.431/03/200331/03/200401/10/200303/10/200331/10/20030
22/05/2003FinalGBX6.0531/03/200231/03/200302/07/200304/07/200331/07/200319.25
06/03/2003InterimGBX4.431/03/200231/03/200302/04/200304/04/200330/04/20030
28/11/2002InterimGBX4.431/03/200231/03/200308/01/200310/01/200331/01/20030
05/09/2002InterimGBX4.431/03/200231/03/200302/10/200204/10/200231/10/20020
23/05/2002FinalGBX6.0531/03/200131/03/200203/07/200205/07/200231/07/200219.25
07/03/2002InterimGBX4.431/03/200131/03/200203/04/200205/04/200230/04/20020
29/11/2001InterimGBX4.431/03/200131/03/200209/01/200211/01/200231/01/20020
06/09/2001InterimGBX4.431/03/200131/03/200203/10/200105/10/200131/10/20010
24/05/2001FinalGBX5.9531/03/200031/03/200104/07/200106/07/200131/07/200119
08/03/2001InterimGBX4.3531/03/200031/03/200104/04/200106/04/200130/04/20010
23/11/2000InterimGBX4.3531/03/200031/03/200108/01/200112/01/200131/01/20010
05/09/2000InterimGBX4.3531/03/200031/03/200102/10/200006/10/200031/10/20000
25/05/2000FinalGBX5.7531/03/199931/03/200003/07/200007/07/200031/07/200018.65
07/03/2000InterimGBX4.331/03/199931/03/200003/04/200007/04/200028/04/20000
25/11/1999InterimGBX4.331/03/199931/03/200004/01/200010/01/200031/01/20000
02/09/1999InterimGBX4.331/03/199931/03/200004/10/199908/10/199929/10/19990
26/05/1999FinalGBX5.431/03/199831/03/199905/07/199909/07/199930/07/199918
04/03/1999InterimGBX4.231/03/199831/03/199929/03/199906/04/199930/04/19990
26/11/1998InterimGBX4.8531/03/199831/03/199904/01/199908/01/199929/01/19990
03/09/1998InterimGBX4.231/03/199831/03/199905/10/199809/10/199830/10/19980
27/05/1998FinalGBX4.931/03/199731/03/199806/07/199810/07/199831/07/199817.5

Top Dividend Posts

DateSubject
03/7/2017
14:50
davebowler: Winterfloods; On 29 June Ed Beal (EB), manager of Shires Income, provided an update on the fund, which is summarised below. Ed Beal is a member of Aberdeen AssetManagement's 16-strong Pan-European equity team. Performance  Over the last five years the fund has delivered a NAV total return of 90%, significantly outperforming its benchmark, the FTSE All Share, which has delivered a total return of 65%. As can be seen in the table below, it has also outperformed over the last one and three years.  In its latest financial year to 31 March the fund paid a total dividend of 12.75p per share, representing a yield of 5.1% on the current share price. This dividend was fully covered by revenue of 13.08p. Portfolio & Manager's Outlook  The investment strategy is to invest primarily in equity securities alongside some higher yielding preference shares and a small option writing programme. The aim is to provide an above average yield from a diversified portfolio, with an emphasis on total return and the management of risk.  A portfolio of UK equities comprised 74% of the fund at 31 March, with 26% allocated to preference shares to enhance income. The team also write short dated call and put options, which are typically between 5% and 10% out of the money, as another way to enhance income. In the latest financial year options generated 5.5% of income, while 60% came from dividends and 34.5% came from preference share, fixed and bank interest. Within the equity portfolio, income is also diversified across sectors, with the largest contribution coming from Oil & Gas at only 14% of dividend income (estimated for FY 2018).  The preference shares are viewed as being more defensive than pure equities although the manager does not expect to see notable income or capital growth from this area of the portfolio. EB views gearing, currently equivalent to 20% of net assets, as being solely invested in the preference share portfolio, meaning that the fund is effectively ungeared into equities.  Up to 10% of the fund is now permitted to be invested in Europe, with the allocation currently standing at around 2.5% and holdings including Novo Nordisk. The manager notes that performance benefitted in the wake of the 'Brexit' vote due to the significant overseas earnings element.  EB believes that smaller companies are offering better growth opportunities at present. Small cap exposure is predominantly gained via the holding in Aberdeen Smaller Companies Income*, which the manager highlights provides diversification among smaller companies. New purchases over the last three years have had a mid and small cap bias, which EB notes have lower yields but greater potential for income growth. The smallest new addition is Manx Telecom (£200m market cap), the leading provider of telecommunications and broadband services on the Isle of Man.  While the team's outlook for the UK economy and stock market is not particularly optimistic, with political uncertainty, high valuations and a likely slowdown in dividend growth cited as key concerns, they highlight that the focus is on good quality companies that are able to perform well even in difficult market conditions. In addition, they are more positive from an income perspective where key advantages include: Sterling weakness; positive underlying earnings growth; and a reduction in the risk of dividend cuts amongst the biggest UK payers.  There is a significant emphasis on corporate governance and engagement with boards, with numerous meetings and AGMs attended each year. For example, the team met with Pearson's Remuneration Committee Chair in Q1 2017 to discuss a number of issues, including the restructuring programme and data issues. Murray Income  Charles Luke, the manager of Murray Income Trust, also provided an update. This fund has delivered a NAV total return of 63%, broadly in line with the benchmark. There is a 56% overlap between its portfolio and Shires Income's equity portfolio and six companies are in both of the funds' top ten holdings.  Key differentiating factors between the two funds are Shires Income's higher level of gearing (20% versus 2%) and preference share portfolio and Murray Income's higher international allocation (approximately 15% versus 2.5%). Winterflood View Shires Income has a good long-term performance record, with income from its relatively mainstream equity portfolio boosted by gearing, the preference share portfolio and option writing. The current dividend yield of 5.1% is notably higher than the UK Equity Income peer group weighted average of 3.4% and is supported by adjusted revenue reserves (14.9p) representing 1.2 years of the most recent full-year dividend. We view the preference share portfolio as a key differentiator from its peers and believe that the diversification of sources of income should help to allow the fund to maintain its attractive yield. However, its small size (£75m market cap) means that it is likely to be off the radar of many investors, which may partially explain its current discount level of 11%.
02/3/2017
10:18
tel5: one to hold onto as dividend looks secure and possible capital growth as nav above 10% discount to share price
23/12/2016
20:13
orinocor: So when the share price was almost 260p was this trading at a premium to NAV? Most trusts I look at just now are close to all time highs which is understandable given the FTSE is close to all time highs. This is still a long way below its all time high. Another trust to look at is EGL which is on a bigger discount and a higher yield. It has a narrower focus though containing lots of utility and infrastructure stocks. It's chart looks like its been turned upside down so I think its bottomed and will do very well in 2017
27/5/2016
11:30
kiwi2007: "...The key reason for the underperformance during the year was the Company's exposure to the financial sector where it is overweight compared to our benchmark index, both through direct equity holdings and through the preference share portfolio. Standard Chartered was the worst performer due to disappointing trading, management change and a rights issue. Close Brothers, Schroders and Prudential also underperformed although, operationally, all three companies' results were satisfactory and their balance sheets are in good condition. Another negative area was the exposure to the mining sector, where BHP Billiton underperformed...." http://uk.advfn.com/stock-market/london/shires-income-SHRS/share-news/Shires-Income-PLC-Annual-Financial-Report/71584367 Also there has been a general dumping of IT shares for the last few months (by those who know more than us?)..also SHRS is pretty small so only needs a couple of big sellers to move the discount down substantially. Seems like a good time to buy a few?
06/10/2009
17:18
vandyke2: Nice rise in the share price today Whats the reason?
11/3/2009
01:01
kiwi2007: I did receive a response Aleman : Thank you for your email. We believe that given the current economic downturn, the market is reacting negatively to Investment Trusts that have a highly geared structure, such as Shires Income PLC. As such, the lack of demand for these trusts is having a detrimental effect on the share price. It is very difficult to say when the current market difficulties will end and, as a result, we expect share prices to remain volatile, in absolute and relative terms, for the foreseeable future. If you want to go to voice they'll chat to you on 0500 00 00 40 NAV now 109p so not a huge discount.
20/7/2008
08:36
jonwig: The share price is back to March 2003 levels, but the discount then rose to over 20% rather than the current 10%. The weakness of the share price is doubtless caused (as kiwi points out) by a financials weighting of 40% of the portfolio (O&G is 0%, resources about 7%). If the long-expected sector rotation is beginning, SHRS should be a good way to exploit it. Chances of that are good, for example, New Star Financial Opps Fund [NST] is up more than 8% over the past few sessions. (NST has similarities to SHRS in that it's geared and has a high yield of nearly 10% currently.)
16/11/2007
19:09
jonwig: For most of 2004, the share price was 200-220p, and showed a discount of up to 14% of NAV. This was when SHRS had to renegotiate its debts or break banking covenants. The discount is now 11%. The reason for watching the NAV is that the dividend payout is pretty static. In a bull market this stock tends to trade at a premium to NAV, so buying when the discount is very wide (now, say ... ?) gives you the rising assets and narrowing discount when the market recovers - ie. a bit of geared exposure with the dividend on top. We've had these in the family since 1990 - share price was about 175p when we bought them, yielding well over 10%. dividends have been reinvested, so a 10% plus growth pa isn't too bad, despite the pretty flat capital performance.
06/5/2003
11:21
enochthenocker: NAV of 195p but the share price is only 148p (but starting to move up).
04/2/2003
10:34
asmodeus: I have just looked at Shires report, and see that John Stubbs and Hamish Buchan are directors. I know that Hamish Buchan is oine of the foremost experts on split-cap trusts (of which Shires is not one), and that John Stubbs is a well-repected ex investment manager for Ivory & Sime, amongst others, and so feel that the appalling share-price performance might well be reversed - if any geared investment trust performance ever recovers again. I'm certainly tempted by the yield and discount.
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