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VMUK Virgin Money Uk Plc

214.40
-0.20 (-0.09%)
23 Apr 2024 - Closed
Delayed by 15 minutes

Dividends

Announcement Date Type Currency Amount Ex-Dividend Date Record Date Payment
23/11/2023 Dividend income or Cash Dividend GBP 0.02 22/2/2024 23/2/2024 20/3/2024
04/5/2023 Dividend income or Cash Dividend GBP 0.033 18/5/2023 19/5/2023 21/6/2023
21/11/2022 Dividend income or Cash Dividend GBP 0.075 09/2/2023 10/2/2023 15/3/2023
05/5/2022 Dividend income or Cash Dividend GBP 0.025 19/5/2022 20/5/2022 21/6/2022
04/11/2021 Dividend income or Cash Dividend GBP 0.01 10/2/2022 11/2/2022 11/3/2022
Dividends data is taken only from official company reports.

Top Dividend Posts

Top Posts
Posted at 07/2/2024 07:39 by arja
expect a good move in VMUK today and to about 160 or a tad under !
Posted at 05/1/2024 14:17 by crazi
Goldman Sucks putting the boot in today. Watch your dividend monies erode the value of your remaining shares as they weight that Sell side as hard as they can...

It amazes me that CEO's don't make it a condition on these Brokers that if they don't "lift" the share price when buying £100'S MILLIONS in stock then they get NO BONUS...

How hard can it be for a CEO to have some BALLS!
Posted at 30/11/2023 09:08 by arja
VMUK down on close in OZ which was 145.2 p equiv !
Posted at 28/11/2023 08:11 by flyfisher
18 months ago they guided £175m cost savings by 2024, in fact opex has increased 60m since then.
They have suffered with the LDI issue as the ias19 pension surplus has declined by 488m over the last year.
They have now had to provision for a financial crime dep't at a cost of £130m, which was not previously guided.
Cost of funds is set to increase as TFSME is repaid and refinanced in the market.

VMUK is a serial under deliverer.
Posted at 24/11/2023 14:47 by arja
sometimes the level of divi is maintained just to stop share price falling PJ84 . So VMUK acted sensibly from that viewpoint but bad debt news in your link is a concern and banks are too greedy for their own good with very high credit card interest rate perhaps part of the problem with the defaults!
Posted at 24/11/2023 10:46 by pj84
Although the news yesterday was disappointing, I would have hung on if the dividend had been maintained and although Peel Hunt regards the total return to shareholders as a total yield of more than 10% I am not a fan of how routine buybacks appear to have become and have decided to sell and move on.

"Peel Hunt: Virgin Money upgrades unlikely

Upgrades are unlikely at Virgin Money (VMUK) in the near term as it deals with falling profit and financial crime costs, says Peel Hunt.

Analyst Robert Sage reiterated his ‘buy’ recommendation and target price of 243p on the Citywire Elite Companies A-rated bank, which was trading at 147p on Thursday.

The group reported underlying profit of £593m for the year to end of September, down on the £776m reported last year and 5% lower than consensus forecasts due to costs and impairments.

‘Virgin Money disclosed new £130m financial crime costs over the coming three years, which is material to the cost base’ said Sage, although he added solvency was stronger than expected and capital distributions point to a more than 10% yield.

‘Attaining a double-digit statutory return on tangible equity has been delayed by financial crime costs and the company now expects it to be realised in the full-year 2025-28 cycle.’

While Sage said capital returns are attractive, ‘growth is currently lacking and forecasts might decline in the short term’.

‘Long-term we see considerable value in the franchise,’ he said."
Posted at 22/11/2023 14:20 by arja
I quoted FACTS sport . Yes , the dividends marginally improve the situation but you can get about 5 to 6 % on 1 or 2 year bonds with financial institutions and no risk to your capital - compares with 6.7% yield with VMUK but you know that can change quickly if profits fall . So I do NOT make a rookie error bit some investors on these thread are obsessed with divi yield - maybe not you :)
Posted at 22/11/2023 12:57 by arja
netcurtains,
my comments were about shares generally and not about VMUK particularly . Emotionally it is hard to cut a loss when one has a portfolio of stocks bought for long or medium term = human nature I guess . It is why I trade and stick to OAAT policy normally as easier to focus and to cut loss quickly if I get it wrong - that is not often says he modestly :) . I will look at chart and see how it actually does look for periods longer than a year . Yes , it has a good dividend yield but that is only relevant if chart is uptrending or any capital loss might exceed the dividend :) . but great that you have made money .
Posted at 22/11/2023 08:18 by netcurtains
arja: I have no real idea for the reasons for falls and rises. I like the dividend and hopefully the company will rise over time or be taken over... Either of the two scenarios or the dividend yield is good enough for me...

I do think, as a day trader (which you sound like) does lead to more constant worry...
And at the end of the day, the day trader tends to make less than longer term investors....

So day trading can be fun but often its just another gambling addition.... So be careful which side of the fence your trading ends up on...
Posted at 11/9/2023 08:31 by netcurtains
They have been buying more shares...
And they are in the top three (banking sector) for dividend yield.
And the price is edging up.

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