The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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“Meconopsis - The dates are published on the L&G investor relations page so they are correct, it's the amount which is going to be around 6p that will be clarified later”
Apologies. My bad. Has a look at the financial calendar earlier this week and didn’t clock the dividend dates.
Maybe my wife has a point… ;)
Wouldn’t be a reason to switch for me, can end up chasing your tail with insurers but DYOR and stick with it
Go for it mate
Am thinking of selling my holdings here and inest in csn the dividend is big then lgen and there both about the same price to buy.
Meconopsis - The dates are published on the L&G investor relations page so they are correct, it's the amount which is going to be around 6p that will be clarified later. That is unless they have found some awful skeletons in the cupboard during the strategic review or conversely some hidden dosh tucked away somewhere & forgotten (equality rules).
@strictlybricks - where would I find your blog?
Hi Gary, not been confirmed for definite, but in the Q&A’s for the full years results a question was asked about capital return and Simoes answered “5% divided growth, we intend to do the same for 2024 and I’ll be more clear about capital allocation and distribution on the 12th June”.
I am looking forward to the Capital Markets Event to read:
1. Their future strategy - A clear strong and simpler investment case.
2. Their priority growth drivers - where they see the additional avenues for growth.
3. Financial ambitions - Future capital distribution.
"...interim dividend goes XD on 22 Aug 2024 & is paid on 27 Sept 2024"
I'm might be incorrect here, but I don't recall the dividend either having been declared, nor the dates set(?)
Saying that, the amount with be there or thereabouts and the dates there or thereabouts.
BeReyt - Has that 5.99p interim dividend been officially declared or are we waiting for the half year results on 7 August to confirm? 5.99p would roughly be last years interim of 5.71p + 5% so my guess is that is the minimum it will be.
Anyway some dates for the diary are - AGM on 23 May & the "Strategic Review / Capital Markets" presentation on 12 June.
FYI the interim dividend goes XD on 22 Aug 2024 & is paid on 27 Sept 2024.
The next Ex-dividend date is on the 22 August and the dividend price will be 5.99p
Hi, when is the next dividend after the one on the 6th of June and how much will it be.
Thanks.
Morning tambo
They are in my fidelity managed portfolio. Assess every 12 months unless they want to change mid term. They are the better ytd performance figures from my 21 funds within the portfolio. I am not confident enough to take total control. I want five years of better performance between my S&S isa and my managed fund before I look into that. Still a lot of learning to do and I realise I will need to expand into funds if I do go down that route. Three years out of three that so far my isa (shares only) has outperformed my managed portfolio. See how it goes, it’s in fidelity’s highest risk category. I used to work for RR and quite a lot (120) retired on the same day. I monitor all portfolios taken out by some of the lads. Dolphin, Fidelity, psigma and various Royal London drawdown portfolios to name a few. Fidelity & RL have wiped the floor with all the others over the last three years, particularly in 2022 in RL’s case
Have a great weekend
Couple of other funds worth looking at if you're looking to diversify:
Aviva Pensions Rathbone Global Opportunities S6
Aviva Pensions HSBC Islamic Global Equity Index S6
I've had a portion of my pension portfolio invested in them for years.
Crossley - DO you stick with those funds and weightings?
That’s most of the overdone xd fall recovered; given it rose about 5p into the xd that will do nicely
Ps Zac
Best performing funds in the portfolio are, YTD:
CT American fund 9.69%
Fidelity Japan fund 7.99%
Invesco Asian (uk) Z 10.07%
Invesco Global Emerging markets 11.71%
Jupiter Merian North American Equity 11.8%
Morning folks
Hello strictly, glad you have moved over to the sector. I believe a wise move. Sold Bdev at the start of the year, RDW on the day of the merger announcement & BWY on the day before results. Only holding TW at the moment!
Zac, I too took early retirement in 2020 and spent a year extending the family home. With the additional time available to me I decided to give this game a more serious go. Only hold individual shares, no funds.
2022 -3.03%
2023 39.64%
YTD 24.12%
I stated at the end of last year this was my worse performing share last year. This year, it’s bottom but two. Only Wimps & EZY below. IAG & NWG way out in front.
Holding here for the dividend as it plays a large part in my, hopeful 17.4% average return per year. Sitting on a little more cash than usual with the HB sales although doubled my holding on EZY the other day @£5.09
My managed (Fidelity) portfolio is at 7.89% YTD
Some interesting points around differing investment strategies and outcomes. I've been investing for 25+ years. I decided to retire early in 2018 and use my investments for income. It's only really since that point that I've started to keep detailed analysis of my portfolio's performance.
I'm pretty much always fully invested and since 2019 my total calendar year returns are as follows:
2019 +21%
2020 +1%
2021 +17%
2022 -10%
2023 +11%
2024 (ytd) +8%
Probably 2019 I was 30% dividend paying assets and 70% global equity funds
Today 17% dividend paying assets 83% and global equity funds of which 20% are tracker etfs
Good luck all!
Londoner,
I didn't come back on a couple of your points...
You mentioned that you look after investments for four family members....
Up to around nine years ago, I was looking after around twenty investment accounts for family and friends who had followed me into the Game of Strictly Bricks but who'd kinda got stuck like rabbits in the headlights due to the trauma of the credit crunch....
But then I thought to start writing the Strictly Bricks blog ~ which the computer-savvy son of a good friend set up for me ~ and everyone can now manage their own stuff...
And thank goodness for that ~ I enjoy writing the blog, but spending many hours a week trading for everyone was way too much and I've now been able to let go of that job.
With regards to being whacked by the market, my losses have been different to yours....
1987, I was in an actively managed fund and, from memory, that was a hit of around 25%.
2000, I was in cash, waiting for the crash that overall stock market price earnings ratios told me was most likely coming.... I'd spent hours and hours down at Southampton library in 1998 researching old FTs on microfiche to get that information together, and then I came across Robert Shiller's book "Irrational Exuberance" which could have saved me all the bother ~ but there you go, no big deal really, seeing as I still got the right investing outcome by sitting it out in cash until March 2000...
2008...? 50% loss....? As Crocodile Dundee might have said "That's not a knife..!" I lost around 75% from start to finish, so that was effectively 50% then another 50% off that....
Yes ~ it was all emotionally, psychologically and financially rather painful.
And, as you've implied, a Corporal Jones moment...
2020, I was fortunate enough to swerve that one... I clearly remember that I'd read an article by Ambrose Evans-Pritchard in the Telegraph on Valentine's Day while out in Spain describing the coming covid tsunami... like his name, Ambrose is a rather flowery writer, and I don't find myself agreeing with him on much ~ and that's when I can get to grips with what he's on about...
But I remember thinking at the time "Blo.dy hell, he's right on this...!" and though it took a bit of a delay to build up a head of steam to take action, by the end of February I was largely out of shares (all in house builders) and into cash and Index-linked gilts (the latter did ultimately let me down to some degree but that's another story...) and the upshot was that I made just under 20% that year.
Since then, 2022 was the bad boy ~ that was a 37% loss, which I've now almost, though not completely, recovered...
But, all in all, investing just in house builder shares defo ain't for the faint-hearted, is it...? 😊
So now, at least for the time being, I've become an investing wuss and am 75% (and maybe 80% by the end of today... I'm thinking about it...?) in the big insurance boys with the remainder in Bellway.
Strictly
... So, on 12 June I foresee no change in the dividend policy & as they seem to be the flavour of the month all over the FTSE I also see a bit of a share buy back announcement.
As a reminder & for the information of those new to this share I post what the CEO António Simões said in March after he had been in the hot seat for a couple of months.
“Everything I have seen since joining the business in January has confirmed what attracted me to Legal & General. We have an authentic sense of purpose and stand out for our market-leading businesses, performance track record and strong balance sheet, delivered by talented colleagues.
Our 2023 performance reflects these strengths. We are on course to achieve our five-year targets, and demonstrated resilience in challenging markets to achieve record new business volumes in pension risk transfer, UK annuities and US protection, increasing our store of future profit. Our international assets under management and alternative assets portfolio continue to grow, as does our position in the UK defined contribution pensions market.
We must be as ambitious for Legal & General’s future as we are proud of our history. This is the right moment to take a fresh perspective, build on our track record and set out a vision for profitable and sustainable growth. I look forward to outlining our strategy and plans at our Capital Markets Event on 12 June.”
So there we have it 12 June should be an interesting day, I personally like the bit about being ambitious.
In addition, confidence in the dividend paying capacity is underpinned by the Group’s strong earnings and strong balance sheet, which has Solvency II regulatory capital of £16.6bn: a surplus of £9.2bn in excess of a capital requirement of £7.4bn.
I should add that did say the numbers include taking all dividends in shares - personally I bought LGEN pre COVID at 262p, bought more when COVID hit at 185p creating a 228p average - traded a couple of times between 280/295p - taking these "turns" and the dividends into account my average is now 161p not counting the divi due in June - LGEN is my best performing share.
Stark indeed! There are no doubt some real opportunities in today's market, the trouble is there are many bear traps too as you say, & spotting the difference is getting harder & harder. Mainly because it's becoming more & more difficult to believe what many companies are telling investors, IMHO.
Hope you've had a great time in New Zealand, safe journey. K
From a Yahoo article:
£10,000 invested in Lloyds at an average 5.3% will give me an investment pot of £48,866 after 30 years. This would pay me £2,517 a year, or £210 a month in dividends.
£10,000 invested in Legal & General at an average 8.5% will give me £126,925 after 30 years. This would pay me £10,308 a year, or £859 a month!
Krusty,
Thanks for the leads on different companies to check out...
I put the three of them on my watchlist to take a butcher's at later, but right now I'm out in New Zealand visiting family and due to fly home tomorrow morning ~ so probably not a good time for that... 😊
First glance, though, suggests they're all rather small cap for me.... I have learned that I suffer with a kind of "investing claustrophobia" if I'm stuck in a share I can't quickly trade out of if the decision takes me.
Inland Homes being the particular case in point a while back...
Having looked at the five year price graph, I suppose if you were buying Jupiter today and not a few years ago it would probably be easier to smile about it though..? 😊
I researched the whole of the FTSE100 back in 2003 and concluded, taken as a whole and to borrow from Kipling, that it was a trap set by knaves for fools...
However, back then ~ having just checked back for someone on my blog ~ LGEN was on a div yield of 4.8% and now it's nearly double that....
And Bellway was making an ROE of 20% in 2003 and now it's only on 4.1% for 2024.
Taking all the above numbers into account ~ is that difference stark, or what...?
Strictly