Abrdn Share Price (ABDN)

JatW,

Agree that a dividend rebase is on the cards and more likely than not. The Vodafone board was full of posters saying their dividend was sacrosanct and would not be cut but a new CEO gets one shot at it and needs to be early in their tenure. Personally factoring a 50% reduction for my long term holding.

Looks like 150p it is a entry point for now, lovely

The cash cost of the dividend is about £250m

They hold about £500m of PHNX stock they can sell, so they should be able to afford the divi for several years…..but I think it will be a sign of weakness if they have to sell their PHNX stake just to pay the divi. The next CEO will undoubtedly want to rebase the divi if he / she can justify it. 1 they can blame brd for the poor state of the balance sheet, 2 they can grow it from a lower base, 3 if the SP takes a hit they get their share options at a lower strike price.

I don't think they are 'secure',as this company sold it's insurance business for a few billion many years ago and has been spending money on share buy backs and at much higher prices . The spending spree later culminating in buying ii stockbrokers and now now looks like it is over. Now they have to earn their living to maintain this dividend level.

Most traditional fund management shares are down also with redemption's. Having said all that, I'm on the side waiting for some sign of earnings growing again and AUM growing (pulling in new business).

Thats difficult to say, however this link may help it shows the dividend history and although just because they have paid a dividend in the past is no gurantee that they will continue in the future, it is a good indicator

https://www.dividendmax.com/united-kingdom/london-stock-exchange/life-insurance/abrdn-plc/dividends