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I'm a long term investor was annoyed when the dividend was withdrawn but have changed my opinion and agree with Aviva now....hoping the dividend will be reinstated in the fourth quarter.
On top of all of that, there is less people driving so they will be paying out a lot less in auto claims. Some countries have actually reduced their car insurance.
I think we'll get a dividend in the fourth quarter as the money is still in the company it is not been used to fund anything else.......I'm happy holding for the long term as I think the company will rerate.
Guys in Tulloch’s position don’t offer resignation, they wait to be pushed then negotiate ( usually very lucrative) “Resignation” terms....thats Corporate life for you.
Yep-more in the pot for bonuses AND they will be paid rest assured in line with the arrogant disregard these people have for
shareholders.
Bets on Tulloch throwing in the towel before too long (after he has received his bonus of course)?
We live in hope now, that's all imo, but how can anybody believe or trust anything these shysters say anymore. Any integrity they may have once possessed has been completely and utterly trashed after the recent shenanigans.
Avivas' statement clearly says they have agreed to 'withdraw' the final dividend. That's cancel in my book.
They have however indicated that they will revisit the question of distributions in the 4th quarter of 2020, so there is always the 'possibility' of payments being made , special or interim, BEFORE the end of the year.
@Lambcurry this it was they said "Aviva plc ("Aviva") today announces that the Board of Directors has agreed to withdraw its recommendation to pay the 2019 final dividend to ordinary shareholders in June 2020. The Board fully recognises the importance of cash dividends to all of our ordinary shareholders, and expects to reconsider any distributions to ordinary shareholders in the fourth quarter of 2020" - they have withdrawn the 2019 final dividend and will not be paying an interim dividend [that's how I read it] and will only make any decisions in Q4 what/if they might pay.
@Lambcurry this it was they said "Aviva plc ("Aviva") today announces that the Board of Directors has agreed to withdraw its recommendation to pay the 2019 final dividend to ordinary shareholders in June 2020. The Board fully recognises the importance of cash dividends to all of our ordinary shareholders, and expects to reconsider any distributions to ordinary shareholders in the fourth quarter of 2020" - they have withdrawn the 2019 final dividend and will not be paying an interim dividend [that's how I read it anyway]and will only make any decisions in Q4 as to what/if they will pay anything for 2020.
They will not be paying any dividends 'Before' the end of this year according to the statement on the Hargreaves Lansdown platform. I read that as the next Interim Dividend is now 'Down the Swanee' too!
I read the Rns as the dividend being postponed not cancelled.
The divi hasn’t been deferred its been withdrawn (ie. cancelled to you & I ) and its back on the Balance Sheet as they are now able to quote increased Solvency Ratio’s. If lucky you may get a Special Divi at some future point, but thats of no comfort to those Shareholders on the Register now who would have been entitled to the Divi, and move on as a sign of disapproval. A tax problem here is probably some way off !
Just a thought if it hasn't already been discussed, but what happens in the likely event that shareholders receive their deferred and regular dividends in the same tax year probably as a usual divi and a special divi. The money is still there so we will get it a some point.
Also, it would seem that the free market economy ideal has just turned a bit Red, obviously I worried about McDonnell's sticky fingers for nothing.