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STJ St. James's Place Plc

897.00
-6.50 (-0.72%)
03 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
St. James's Place Plc STJ London Ordinary Share
  Price Change Price Change % Share Price Last Trade
-6.50 -0.72% 897.00 16:35:02
Open Price Low Price High Price Close Price Previous Close
906.50 890.50 906.50 897.00 903.50
more quote information »
Industry Sector
LIFE INSURANCE

St. James's Place STJ Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
30/07/2024InterimGBP0.0622/08/202423/08/202420/09/2024
28/02/2024FinalGBP0.0825/04/202426/04/202424/05/2024
27/07/2023InterimGBP0.158324/08/202325/08/202322/09/2023
28/02/2023FinalGBP0.371904/05/202305/05/202331/05/2023
24/02/2022InterimGBP0.155925/08/202226/08/202223/09/2022
24/02/2022FinalGBP0.404128/04/202229/04/202227/05/2022
28/07/2021InterimGBP0.115526/08/202127/08/202124/09/2021
25/02/2021FinalGBP0.384915/04/202116/04/202121/05/2021
25/02/2021InterimGBP0.112204/03/202105/03/202124/03/2021
27/02/2020FinalGBP0.207/05/202011/05/202027/05/2020

Top Dividend Posts

Top Posts
Posted at 31/7/2024 16:27 by wbodger
They trailed that in the Finals last year, in October.

You could argue that if these results were better than the market expected they should be using all of the cash to buy back shares in a Tender Offer to reduce the shares in circulation. With fewer shares in issue future dividends could be restored to previous levels more quickly.

I would have preferred that. I am already kicking myself for timidity averaging down - if I had risked twice as much averaging down I would be close to break-even at current share price

Knowing dividends would recover, albeit lower than previously, would have created buying pressure for the shares, and not many shareholders would have missed the six pence [interim] dividend this year. (Why pay taxable divis when the money is needed in the business.)

The market already thought the drop was overdone.
Posted at 30/7/2024 21:31 by wad collector
I see that they have decided to split equally between buybacks and divi. A kind of hedge I suppose.
Anyway good to see the market response.
Posted at 20/7/2024 21:02 by the millipede
Agree. Using open ended funds for direct property investment is silly. Similar liquidity issue to private equity (Woodford).

I think only Royal London have managed to make this sort of property fund work/ have never had to stop withdrawals. St James Place are in very good company.

Anyway, STJ share price doing alright. :-)
Posted at 03/6/2024 07:31 by fillipe
STJ, rather perky today.

f
Posted at 05/5/2024 11:36 by the millipede
Thanks. Would also be interesting to know if any part of this fee is returned from STJ in the event of an advice refund.
Posted at 30/4/2024 08:00 by dexdringle
"The net asset value on the European Embedded Value basis at 31 March 2024 was approximately £15.06 per share (cum div) and approximately £14.98 per share after the payment of the proposed final dividend on 24 May 2024"

If this isn't a takeover target at current prices then I'm a monkeys uncle.
Posted at 10/4/2024 21:22 by jakleeds
Merchants trust sells SJP citing potential client confusion over fee overhaul

Investment trust Merchants sells SJP as managers warn of ‘operational difficulties, customer and partner confusion and further regulatory intervention’.

The strong post-pandemic performance of a £792.1m investment trust stalled last year after it suffered a double blow from the intervention of the FCA against two of its holdings.

Fund managers Simon Gergel, Richard Knight and Andrew Koch took the ‘difficult decision’ to sell St James’s Place (SJP) from investment trust Merchants (MRCH) after the FCA forced the national advice firm to overhaul its charges.

The company, which Merchants had held since 2018, subsequently set aside £426m to refund clients who had paid for but not received ongoing advice – a move that required SJP to halve its dividend.

The managers ditched the stock before then but, with the shares going on to halve in the 12 months to 31 January, Merchants reported SJP’s woes had knocked 1.1% of its annual return.

Writing in the annual report, they said the new business model would be good for consumers and ultimately might shore up SJP’s market position, but in the short to medium term would create big risks and uncertainties.


‘There is a lengthy delay until the changes take effect, and in the meantime there are risks of operational difficulties, customer and partner confusion, and further regulatory intervention,’ they said.

‘Investors must also become comfortable with a very material step down in cash generation when the new model begins, before growing relatively strongly in the following years. This unusual profile of cash generation creates additional uncertainty.’

Wealth manager Close Brothers also weighed on the portfolio, knocking 0.7% off Merchants’ annual return after the FCA launched a review of historic commissions paid by the company for selling car finance that could have ‘a material impact on the company’.

‘Other issues, such as the impact of lower asset prices in its wealth management business, are more normal, cyclical concerns. But the combination of events this year had a major impact on the shares,’ said the management trio.

In what chair Colin Clark called a ‘disappointing’ setback after good returns in the previous two years, the £789m trust dropped 2.5%, trailing a modest 1.9% increase in the FTSE All-Share. That was despite some positive performances from other holdings, including high street fashion chain Next, builders Redrow and Bellway and distribution company DCC.


Merchants’ record remains strong, with the latest data at 8 April showing net asset value (NAV) growth of 25.3% and 46.6% over three and five years, respectively, ahead of the All-Share’s 21.8% and 27.2%.

A recent weakening in the shares has seen them slip to a 3.6% discount to NAV, reducing shareholder returns to 19.1% and 39.4% over three and five years.

Despite the stock setbacks, income from the portfolio was strong, with revenue earnings per share rising 6.3% to a record 30.5p.

This enabled the board to declare a final dividend of 7.1p, giving a total payout for the year of 28.4p, up 2.9% on the 27.6p paid in the previous year. The 5%-yielding ‘dividend hero’ of the Association of Investment Companies has now paid a consistently rising dividend for 42 years.
Posted at 08/4/2024 19:50 by dexdringle
Goes ex div on 25th April for the final dividend of 8p. It should have been around 40p.

The board don't seem to be doing much positive stuff just now. Or, if they are, they're keeping it to themselves.
Posted at 08/4/2024 16:16 by action
Divi due soon. Also relegation is also due.
Posted at 28/2/2024 08:13 by quepassa
oh dear........

1.

"Provision of £426.0 million pre-tax (£323.7 million post-tax) established for potential client refunds linked to the historic evidencing and delivery of ongoing servicing

ยท IFRS loss after tax £(9.9) million (2022: £407.2 million profit)"

and

2.

" Final dividend of 8.00 pence per share (2022: 37.19 pence per share), resulting in full year dividend of 23.83 pence per share (2022: 52.78 pence per share)"


deary, deary me


all imo. dyor.
qp