I meant to say..... that in 2016, Feb & May will be Cash - and it looks like Aug will be Cash and Nov will be a scrip.... just typed it wrong(!)
RE: Why the big change?
I think the change in divi distribution has had some effect unfortunately (that plus the cut in divis from 2015 earnings). 1 in 4 payments now being cash divis rather than new shares means some (like me) now being hit with WHT. In 2015, Feb & May were scrips, Aug was Cash & Nov will be a scrip and t looks like they will follow that model for 2016 too. IMHO it's got great growth potential over coming years which is why I'm sticking with it.
Why the big change
it's due to a global fall in stock markets. Price of oil is below $40 and falling, China stock market is continuing to fall and Greece. Keep taking deep breaths!
Why the big change?
I see this share is plunging. I wonder if it is because of the change in the dividend scheme now called the drip. I re-invest mine and with a modest few shares I have normally received around 17 new shares each time, this time I received only 4 and paid Spanish withholding tax which I have never paid before as I had a SSA account which they have now closed.
18 Aug '15
Share Price tumbling due to a controversial rumors after Sheila Bair's departure. On top of that, other rumors of inside trading has been confirmed and a Santander employee charged. The bank as an investment at this level is a good thing. The tone of conversation about BNC hopefully will be a lot different in November.
14 Aug '15
No scrip divi option this time, flagged up when they cut the divi. Therefore no dilution of capital, a good move really. However the question is why is the sp sinking at this rate? 1 have I missed an announcement? 2 is the price being held back by whispers of impending gloom. 3 is the Greece issue still causing BNC a problem?
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