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Excess capital over 180% solvency ratio which business can't use will be returned to shareholders over time, as well as dividends.. as per Amanda.. several times this morning. As the business generates profits each year and covers the dividend by say 1.9x , then there should be extra capital being generated each year to keep filling the cup.
Solvency II cover ratio of 198% already indicates something extra perhaps next year..
Lucky DJ is now down 1063 points which gives us a chance perhaps to get in tomorrow lower than 415p and reinvest the div money and perhaps B cash if available. Eventually this will head up to £5 once the extra returns become more visible next year. Perhaps the news tab is correct ? another £500m (18p)/ £1b (36p) coming as well as the 2022(31p) and 2023 (32.5p) dividends. ?
Same as you Bill and Al4x brought into this at 245 and topped up again at just under 400 which gives me an average of 330 or there abouts....one to keep i think
Al4x - similar position to you, although my bulk was higher at 2.40, making my average now 3.14. That gives me a divi yield of nearly 10% if the target 31p is paid.
Only thing that makes me uncomfortable now is that it represents 18% of my entire portfolio, something I must address this year.
Good work and good luck.
BT.
‘Negative’ not ‘evasive’ ???????
Never said it was guaranteed it…. However, such a positive Q1 trading update is fantastic news and a very positive indicator. As always do your own research and expect the unexpected both evasive and positive. After years of holding Aviva I am just pleased to see such a clear strategy and great communication. Well done Aviva Board which has been much maligned in the past and GLA
"I know the 31p div has been suggested but it's in no way guaranteed."
No dividend is ever guaranteed.
Hi Al4x,
It is absolutely true you have made a fantastic investment which will enrichen you with great divis and more growth going forward as I reckon that Aviva is well worth at least a fiver a pop with current divi ratio.
Getting in at £2.70 ish was a great buy and a brave one as you must have got in at a nervy time when others were panicking and selling.
Hold on to your Aviva shares with a grip of iron as I will be and enjoy the ride to a fiver plus while getting great divi return on the up.
All the Georgey.
Thedetector.
Overall OK result. Don't forget Aviva made most of its profits from its UK & Ireland Life business which the result says sales have gone up 2%. So I expect the SP to go up at least 2% also.
I know the 31p div has been suggested but it's in no way guaranteed.
It does almost feel too good to be true.
I bought the bulk of my AV at 270ish so this has been one of the best buys I've done.
• Our dividend guidance2 of c.£870m for 2022 and c.£915m for 2023 remains unchanged. Following the capital return and share consolidation this would be equivalent to per share amounts of c.31.0p and c.32.5p respectively.
31p div ?
no ones been told till June time what the next div is have they ?
Great progress. 31p dividend is over 7.5% return at todays price. Even at £5 the return is 6.2% and there is a further release of capital when some Solvency II reserves are released. Only negatives that I see on the horizon are the external factors of Russia and associated inflationary impacts but overall this is easily the largest share in my portfolio and I am happy to hold and watch an Aviva Board (and especially the CEO) continue to reinvent the business model and add value for shareholders. Good job so far.