Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Trek
Get you. I sold Tuesday pm at 552, put the whole lot back in today at a tad below 510 just after midday. In hindsight should have held out longer to buy back but hey hoo it’s done. After tax and charges I have 7.27% more shares than I had on Tuesday so happy with that. If I had waited to get dividend payment in my ISA to reinvest SP will be higher ( one would hope!) so couldn’t buy as many. That’s my logic, right or wrong only time will tell.
Would anyone like to speculate what SP will be on Friday?
Looking at M&G share price pre and post latest Ex-Div. The dividend was 13.2p or 5.6% of the share price but 2 trading days later the share price had dropped 22p or 9.4% so thinking it might be wise to sell here before Ex-Div.
Does anybody understand the rational why M&G share price fell so much and will PHNX fare any better?
Very true what Warren Buffet says.
I am fully invested for now. Getting set to retire next year at 60 without depending on my private pension. Most of my investments are in funds which gained around 7% past 12 mths. I picked LGEN and PHNX for good dividend yield on my investments and potential for growth.
I have a couple of rental properties yielding around 6.5% on my equity after tax , expenses and some reserve for maintenance. If I thought dividend would hold on shares I would be tempted to sell rentals and buy dividend companies. Less hassle!
Thanks Meconopsis for your very detailed response, most helpful. Thanks to the others also.
I bought in at 211p at the end of October so a potential yield of 9%. A lot better than I could get from any bank. You have given me the confidence to hold and reinvest the dividend. Hope Junes announcement doesn’t bring any shocks.
Meconopsis, I see you are on the PHNX chat also, I am in there also. Looking forward to your input on both.
Getting back to the point that this thread was started with ie Forward Dividend Policy!!
My understanding is basic but the dividend per share is grossly under covered by earnings per share. (Source simplywall.st). As I say my understanding is limited but this is not sustainable for any business. Can anyone explain how this level of dividend is likely to continue please?
I’m in here for the dividend but seriously considering getting out shortly before ex-div date as there is a danger the SP will tank after that.
I believe the huge drop yesterday is solely down to the car finance issue, this could be big trouble. Read an article in Money Saving Expert, Martin Lewis is getting excited, he says those affected could be due thousands!
It doesn’t matter that cheaper loans were available else where, a lot of punters can’t be bothered or don’t have the brains to do their own research for a better finance deal so now it’s looking like the finance companies will have to redress for people’s laziness.
Good chance CBG dividends will suffer, the reason I bought early December☹️
I’m new to buying shares, all my other investments are in funds. Bought LGEN because of the good div and it has good record of increasing div year on year. Bought at 110 so yield is over 9%, a good steady income on my investment irrespective of the share price so in my view it doesn’t matter what the share price does in the short to medium term. If they remain low or go lower I can buy all the more if I want to reinvest. LGEN will come good in the long run so hopefully are a good investment. 🤞