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Divi for 2019 gone, and no doubt nothing for next three years. Surprised so has not tanked on news.
Yep it's Gone !!!!!
Coronavirus: Taxpayers forego £600m from RBS payout
The Treasury will miss out on a £600m windfall when RBS cancels its 2019 dividend, Sky News can reveal.
Sky news reporting dividend will be cancelled :-(. Pretty unfair for shareholders as this was a 2019 dividend. Assume RNS tomorrow
You are correct, there have been no further consolidations.
It is always wise to look at the historical data but this is no guarantee to future performance.
Ask yourself "how long will this downturn last?" and "how long before the recovery starts?". Nobody can predict the market and make your own decisions. Also decide if you are a trader or long term holder. Don't be frightened of taking a loss if the market moves against you.
Personally I am keeping my powder dry as there is as much chance, in my opinion, of a further drop in the share price in the short term as there is of a recovery.
Good luck and keep it fun.
https://www.dailymail.co.uk/money/news/article-8161657/Banks-warned-Axe-bonuses-dividends.html
What a d**k write to your MP like I have done.
I think, for fairly obvious political reasons, the Dividend will be paid. Part of the Gov ethos at present is simply to provide the notion they are still in control and things may be very unpleasant but we will work through it etc. (not that whole segments of the population will buy that for a moment).
The Gov will need their Div cash and its just about too early for the Banks to really see the extent of damage that will be inflicted by the economy effectively shutting down.
However, it would in fact be prudent for RBS to preserve cash (and not pay the Dividend) given the sheer scale of financial tsunami which will hit everyone and especially Banks, in the very near future.
Its one thing to say that RBS etc are well capitalised, and they certainly are in contrast to 10-12 years ago in the last finacial/credit crisis, but Basle lll and the BoE stress tests of Banks' capital adequacy and liquidity never envisaged the kind of total economic shutdown Covid-19 has already wreaked, not just on the UK, but globally.
With the BoE about to do the supposedly unthinkable - buy UK Govs own Bonds - we are truly entering the realms of the unknown.
This (financial) crisis has only begun.
B
Hi all, can some of you more experienced investors offer an opinion in the following: I traded in rbs from 2009 to 2012 (the penny shares era) my understanding is in 2012 RBS carried out a share consolidation 10 to 1 (if you owned 10 shares at 25p you would have owned 1 share at £2.50) and so on... this makes today’s share price very attractive in the region of 1 share for £1.25 ... My question is , am I correct in the above assumption and RBS have not implemented any other de-consolidation scheme from 2012 onwards ? Today’s share price appears to good an opportunity to miss , am I missing any fundamentals in my thoughts before I buy ? Many thanks & good luck to all ...
Barclays divi is paid next Friday, or not, and that may set the stall for the other 2 ...lloyds/Rbs.
Yeah the dividend is not safe until its paid, but I am hopeful this will get paid. RBS already cut this dividend, which sent the SP down when their results were published. So on one hand the dividend was reduced anyway, and they had made good money last year. On the other hand, the SP is down considerably due to a reduced dividend so perhaps wont drop much more if it is cut. Also interesting that 62% of shareholders wont sell no matter what happens with this divi, so could go either way with uk government. I think it would be a lot fairer if companies who are not paying dividends updated us before the ex divi date.
They may honour this dividend but cancel future divi’s. If they were to cancel at this stage it could be very detrimental to the sp ! Perhaps wishful thinking.
Of course, 62% of the divvy will go to HMG, which may affect the RBS decision, as influenced by the majority shareholder.
hi all, on the dividend. they can cancel even after ex dividend and even after approved. See the article this morning in the times:
Banks urged to scrap billion-pound payouts
https://www.thetimes.co.uk/article/banks-urged-to-scrap-billion-pound-payouts-jm526jhw7
126.21 drop of 10.54 @ 8.16 am.
Live prices anyone please ? Cheers
Interesting to see how much we drop tomorrow ? Banks are reasonably well financed thankfully. Will be further market jitters as the virus reaches its peak in the coming weeks.
@ 128p...
Just in case the dividend isn't cancelled ????
@ 140p..
Have a feeling the dividend will be cancelled.
GLA still holding.
Sorry if I didn’t make myself clear.
Ex dividend date is tomorrow.
If you look at last August 14th sp was 198. Ex dividend for 14p on 15th Aug. Share price dropped to 177p therefore you would have been better off buying on the 15th or shortly after and not having the dividend.
Obviously there are dealing costs and stamp duty to consider but if you are working on percentages it’s not bad. By the 12th September sp returned to pre ex dividend price and then it kept climbing.
I’m going to hedge my bets, sell some, keep some for the dividend and buy back the ones I sold if history repeats.
all the stats on this site.
https://www.dividenddata.co.uk/ex-dividend-date-search.py?searchTerm=rbs
140 by COP?
Dividend date... this Thursday 26th.. not next Tuesday??
Antmoss
You may be better off buying next Tuesday. Check out what happened to the share price when it went ex dividend last August. It dropped by significantly more than the dividend. On the plus side it did bounce back very quickly though.
If I get shares tomorrow how long do you need to hold them to get your divi.
Shhh. Perhaps no-one will notice if we keep quiet!
yes it can still be cancelled
Wonder if this will still be paid?..
8p on Thursday.
Can they decide not to so close to ex dividend date?