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£700m of profit, lots of confusing numbers, lots of fine words and a divi up 3%.
What are we expecting for the results?
Last ones were ok I think - someone might call them average - but they definitely met what was expected.
What is the current expectations?
Instead of using a third party forecasting site's guess (dividendmax) have a look at what M&G publish!
See https://www.mandg.com/investors/shareholder-information/dividends .
According to M&G, dividend will be announced with results on 21 March 2024; ex-div on 28 March, record date on 2 April, payment date 9 May.
Check on the Dividendmax website, an accurate source for this sort of info.
My guess would be with the full year 23 results give or take a few days which last year was 9th March .
Hi, Does anyone know when the next divi will be announced?
I am waiting for my second chance to get out if it gets back up to the 230's again. I believe the chance of falling back to 200's after going ex-dividend is quite possible just like always.
Selling before the dividend entitlement and buying back when ex-div converts the dividend income into capital gain (if xdiv is the only movement), so if this is a GIA transaction you may prefer to have the divi (if within annual allowance) or capital gain (which has a lower tax rate if outside the annual allowance). In an ISA/SIPP there is no tax effect so in theory there should not be much to be gained by selling around the XD date…….but these are volatile times….good luck,but I will be holding within ISA/SIPPs rather than trading.
Hi guys, I spoke about that with sidi with regards to lgen as it reached it's peak last year the day before results day then dropped down, it then started to rise again on approach to exdiv but didn't get back as high
with all that's been going on there are no two years the same anymore to compare, we will just have to see where they go I confess i have a terrible track record for timing these things myself
good luck whatever you decide to do
Thinking of selling on the ex divi date this year so I will lock in divi and profit from any drop in SP before buying back in. Was going to do on a previous year but SP rose for a month or so before dropping . Anyone got any advice on timing.
Indeed robleo, the world, oh and the stock markets have been unpredictable since the beginning. Waiting for the best exit price is always risky, but we are merely human beings. Greed is born within us, lol. 😂 😂 😂
And thanks for the suggestion Tambo.
Well, let's hope that we'll see a higher SP before the final results or before the ex-dividend date.
Have a good day both of you and everyone.
Also good luck everybody.🤞🤞🤞🤞
Sidi & Robleo - My preference is to sell half of LGEN and MNG a day before ex-div. Managed to capture an annual dividend after each of the interim and final ex-div dates over the last 4 years, before commission and stamp duty.
I'll get it wrong one year.
Good morning sidi, well you would think the shares would keep on rising up to results day and exdiv, but the World is so unpredictable lately, I've no idea which way things will go, but unless they reach a really good price, there's always the dividend to fall back on, mng/aviv and lgen are the only three shares i currently have in profit,I would prefer it if a couple of my dog shares started rising so i could get rid of the dead wood
have a good day my friend
Lol robleo, I think you know well now. Yes, I am getting ready to press that button, but kind of hesitant. Both MNG and LGEN are now at their highest points for a long while. They probably will suddenly pull back. In fact, MNG has already dropped quite a lot from its peak today. Hope that I haven't missed my chance. 😂😂😂
Oops I meant 240 of course not 140
Sidi. i would be happy with 140 here, whenever i see the lgen rising to a new year high, i think of you with your finger hovering over the sell button lol, i will be curious to see when you press it, i know you won't be able to resist
best of luck mate
Still more than a month away. I don't think so. 😁😁
Lol, I think you are right. Only some people are taking profit after the recent rise. It probably will bounce up again tomorrow. 😁😁😁
You didn't speak to soon Seen_it, £2.50 is assured, it's just a matter of time, question is how much higher than that can it go. There will always be ups and downs, most banks are down today as well. I suspect there will be small moves up and down till March when the dividend announcement will be made, I expect this to be a positive announcement and the dividend maintained or increased, if this happens we will likely see another rise on the back of that. Time will tell though and we could see a move north before then if the world settles down a bit.
Did I speak too soon again? It is falling back now.😁😁
I hope there is no share buy back.
I know it is supposed to result in higher share price and increased dividends. But the shares I have had never seem to get these benefits.
Highest finish for the day, and the highest level that we haven't seen for a long while. Will it carry on rising to reach my target £2.40 or even £2.50? Or will it come back down again just like always? Let's bring on to tomorrow to find out then. Good luck everyone and enjoy your evening.
It was loss making for RL, has had £££ invested in it and is still loss making….I doubt there will be much profit in a sale….esp since Succession is moving off the platform to Aviva (new owners).
Don’t expect a special dividend/ buy back on the back of this….they may be virtually giving it away.