I'm never convinced by the Motley Folk, but I do fully agree with this: "Since the turn of the year, shares in Santander have fallen by 8% while the FTSE 100 is up 1%. A key reason for this is the share placing that was announced by the bank, as it seeks to shore up its financial position. A result of the share price fall is an even more appealing valuation with, for example, Santander now trading at a sizeable discount to the FTSE 100. In fact, its price to earnings (P/E) ratio is just 12.5, versus over 16 for the wider index. In addition, Santander’s yield has improved due to its share price fall, with the globally diversified bank now yielding a relatively appealing 3.3%. However, with healthy growth in the bank’s bottom line forecast, Santander’s dividends per share are all set to rise by 11.8% next year. As such, it could prove to be a top income play over the medium to long term, and appears to be worth adding to your ISA." I have great faith in this company pulling back over the next few years so perhaps we will eventually see the £6 I foolishly predicted last year. I regard the current price as a strong buying opportunity. Of course the dividend now isn't what we are used to, but remains good, especially in prospect and when compared to the sector.
Thanks for the replies....
Thanks guys... This has been a great share and I think I will still continue to trade some of it. It's been good to me and many others I would guess!! :)
The Record Date is April 13th, with payment being made on May 4th to those requesting cash (though likely to be May 5th in the UK due to the Bank Hol) while those who requested shares will receive them on May 8th. ATB.
I'm not Kernalpop but thanks for the link, it was new to me and very useful.
The next div is in Apr 15 - this will be the final €15c dividend. We receive the first of the €5c dividends in Jul 15.
For the May div the payment remains at €0.15 and will be offered as a SCRIP div, this is due mid May. Then for the four divs in the 2015 results season the div drops to €0.05 and will be offered as 1 SCRIP and 3 cash divs. From 2016 onwards they will grow divs in line with profits. ATB. http://www.rns-pdf.londonstockexchange.com/rns/7087B_-2015-1-8.pdf - See pages 4, 6, 10 and 11.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.