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It is interesting (I think :) ) to see that Barclays are buying somewhere in the order of 10% of the shares that are being traded at the moment.
The bit that surprises me is that they are already buying them, I am an optimist, but feels to me that they do not believe the price will fall much lower than the dividend value today, if at all.
It will be interesting to see...
Rats. Thanks for pointing that out and must be the answer. If you sell today, your name would still be on the register tomorrow due to the delay in recording.
Cut and pasted from the net. To receive the upcoming dividend, shareholders must have bought the stock before the ex-dividend date. There are four dates to know when it comes to companies' dividends: the declaration date, the ex-dividend date, the record date, and the payable date.
Cut and pasted from Barclays web page. The full year dividend for the period ended 31 December 2023 of 5.3p per ordinary share will be paid on Wednesday 3 April 2024 to shareholders holding shares on the register on Friday 1 March 2024.
I find it really strange, there is no mention of the ex dividend date. the date you can sell shares and still get the dividend. Barclays are basically implying you have to hold onto the shares until 1st March to qualify for the dividend, this is not the case I find this very misleading and can see why people are confused.
Baffles me as well, but if shares sold on or after the ex dividend date, you will receive the dividend. When you purchase shares, your name does not automatically get added to the record book, this takes about 3 days from the transaction date. Taken from Google.
The ex dividend date is the date you can sell shares and still get the dividend. This contradicts what Barclays are saying on their web page.
If you sell tomorrow, you won’t be on it, that’s the whole point
Can someone please explain. On Barclays web page they say you have to be on the register on 1st March to qualify for the dividend. The ex dividend date is tomorrow 29th Feb. If you sell tomorrow, how can you still be on the register 1st March?
What will Barclays next dividend be?
It is Barclays' policy to declare and pay dividends on a semi-annual basis. The full year dividend for the period ended 31 December 2023 of 5.3p per ordinary share will be paid on Wednesday 3 April 2024 to shareholders holding shares on the register on Friday 1 March 2024.
You can sell them in the morning but they open down the dividend amount
See @baroninvestment tweet
I have Barclays shares which i want to sell but don't want to lose the dividend.
When can I sell these ? Thursday or Friday?
Cheers
Https://uk.finance.yahoo.com/news/barclays-plcs-dividend-analysis-141126321.html
If you would like the Divi 5.3 pence you have to buy today or hold Tomorrow they go ex divi.
That's why the G-Y bears shorts are buying back today otherwise they have to pay the divi to owner.
Please do your own research as always and follow FCA guidelines.
Morning roddle1, in relation to support of the buy-backs propping up the price, you could well be right. Time will make things clearer. Still early doors but the price is gently tip-toeing towards 170p. Very interesting!
Good Luck My Friend,
Regards, MrA
Morning JayK,
"...but you still gotta live and have a bit of fun right as much as I like making money ha."
Absolutely! Pointless making money if you can't enjoy some by spending it. If anyone wants any suggestions related to booking a cruise... and NOT up the Grand Union Canal (rofl Mr Wolf!) please send me a dm.
Regards, MrA
Https://www.ii.co.uk/analysis-commentary/hope-barclays-shares-after-chart-breakout-ii530857
'It creates the situation where movement next above 167p should prove capable of provoking ongoing recovery to an initial 172.7p with secondary, if beaten, now at an interesting looking 194p. This secondary is of special interest, perhaps even giving the share price an opportunity to close a session above the prior closing high of 189.5p and suggest happy days may be ahead for the share price'.
Im not so sure that the post divi drop will be in the 5% as norm because the buy back will still be ongoing for a while yet and may well prop up the expected drop, we will see.
We are very well thanks. No I decided to keep and get back on track not racing but just some fun. However i did put it up for sale but winter market was not good, if it had sold I 100% would of purchased in low 1.40s and topped up, but you still gotta live and have a bit of fun right as much as I like making money ha. I would assume we still the ordinary drop after the divi, I don't re-invest divi's so its nice to get something out of the stock again. ATB.
Nice move. Its nice to see something being done and some direction, long may it continue but time will tell.
Sold out yesterday after realising the price i paid in 2019 is the same today, BARC SP has been useless for years and has already run out of steam at this current value.
wish you all good luck with it
Barclays to sell $1.1bn of US credit card debt to Blackstone
Barclays (BARC.L) has agreed to sell about $1.1 billion of credit card debt in the United States to Blackstone , in a deal the British bank said would free up capacity to expand lending and reduce balance sheet risk.
Barclays said the agreement reflected its recently-announced strategy to prioritise growing lending to consumers, and would reduce the bank's risk weighted assets by around 1 billion pounds.
Banks globally have been making greater use of credit risk transfers to shed risk from loan portfolios, Reuters has reported, with investors sharing the risk of losses.
Blackstone's investment has been made through insurance accounts managed by the company's asset-based finance group. Barclays will continue to service the accounts for a fee.
Barclays' investment bank acted as an advisor to Blackstone on the transaction.
"During our Investor Update, we said that we would leverage strategic partnerships to execute risk transfer agreements to reduce capital requirements. I am delighted to announce this first agreement in our U.S. cards book," Barclays Finance Director Anna Cross said.
Do not listen to them brokers they are all wrong, am not after the dividend here it will go up bit more tomorrow
RBC raises Barclays price target to 265 (230) pence - 'outperform'
Barclays PLC (LON:BARC) will increase its dividend on the 3rd of April to £0.053, which is 6.0% higher than last year's payment from the same period of £0.05. Although the dividend is now higher, the yield is only 4.9%, which is below the industry average.
See our latest analysis for Barclays
Barclays' Earnings Will Easily Cover The Distributions
The dividend yield is a little bit low, but sustainability of the payments is also an important part of evaluating an income stock.
Having distributed dividends for at least 10 years, Barclays has a long history of paying out a part of its earnings to shareholders. Past distributions do not necessarily guarantee future ones, but Barclays' payout ratio of 29% is a good sign as this means that earnings decently cover dividends.
Over the next 3 years, EPS is forecast to expand by 47.1%. The future payout ratio could be 29% over that time period, according to analyst estimates, which is a good look for the future of the dividend.
Dividend Volatility
While the company has been paying a dividend for a long time, it has cut the dividend at least once in the last 10 years. The annual payment during the last 10 years was £0.065 in 2014, and the most recent fiscal year payment was £0.08. This works out to be a compound annual growth rate (CAGR) of approximately 2.1% a year over that time. The dividend has seen some fluctuations in the past, so even though the dividend was raised this year, we should remember that it has been cut in the past.
The Dividend Looks Likely To Grow
With a relatively unstable dividend, it's even more important to see if earnings per share is growing. Barclays has impressed us by growing EPS at 25% per year over the past five years. Earnings have been growing rapidly, and with a low payout ratio we think that the company could turn out to be a great dividend stock.
Barclays Looks Like A Great Dividend Stock
Overall, we think this could be an attractive income stock, and it is only getting better by paying a higher dividend this year. Earnings are easily covering distributions, and the company is generating plenty of cash. Taking this all into consideration, this looks like it could be a good dividend opportunity.
Morning JayK, all good thanks. Hope you and your clan are doing well. Not sure if you sold your car or not?
That's exactly how I read it also. However, i wouldn't want to cloud anyones judgement. It will be interesting to see if on Thursday, post-div, the share responds with a text-book drop of the same circa div-amount?
Regards, MrA