Member Info for Davidgeorge

Ya. 30 cents in September, total of 52 cents per share for the year. Not bad, 10 per cent div

The Caixin services purchasing managers' index rose to 55.0 from 52.9 in January. This was above consensus expectations for a reading of 54.5 and comfortably above the 50.0 mark that separates contraction from expansion.

Wang Zhe, senior economist at Caixin Insight Group, said: "There was still a lot of optimism in the services sector in February as business owners continued to express great confidence in an economic recovery upon the easing of Covid controls."

Duncan Wrigley, chief China+ economist at Pantheon Macroeconomics, said the data confirms the picture of a "vigorous, early-stage recovery in China".

another nice rise this morning. Perhaps she is beginning to recover?

Seven of the FTSE 100's 10 biggest companies increased their payouts. And share buybacks figured prominently too:

Shell (+16%) and further buyback programme announced.
AstraZeneca (+1%).
HSBC (+28%) and board is considering share buybacks.
Unilever (unchanged) and ongoing buyback programme.
BP (+11%) and further buyback programme announced.
Diageo (+5%) and further buyback programme announced.
British American Tobacco (+6%) buyback programme completed with further buybacks under consideration.
Rio Tinto (ordinary dividend -38% and no special dividend) after bumper shareholder returns in 2021.
Glencore (+69%) and further buyback programme announced.
GSK dividend rebased following demerger of Haleon.

The Caixin manufacturing purchasing managers' index rose to 51.6 points in February from 49.2 in January. Crossing over the 50-point no-change mark, it shows the sector is now in a state of modest growth. The latest reading on the strength of China's factory sector was better than the market consensus forecast of 50.2, as cited by FXStreet.

"The Covid crisis is receding rapidly in the rear-view mirror and demand for raw materials to keep factory lines rolling is expected to be brisk," said Hargreaves Lansdown's Susannah Streeter.

The improved outlook for demand from China boosted London's mining stocks. Anglo American rose 5.0%, Anto***asta 3.3%, Rio Tinto 3.8%, Glencore 3.3%, and Endeavour Mining 1.7%.

Nice 3.5% rise so far today. Not sure the reason?

Thermal coal prices have tripled in under two years despite the recent falls

Source: Argus Media

she is up slightly now but a disappointing initial market reaction.
There may also be a third, special, div in the second half, (11c last year) not yet announced.

its like u just paid off the mortgage and you've got a 70% pay rise.

very positive reporting now on this by news bloomberg etc

this is a 70 per cent increase over last year dividend

the 56c includes buyback of 12c

looks like 44c or 5.6bn

FTSE100 just passed 8000

on the optimistic side i reckon it will be over 40c

anyone tempted to guess the dividend announced tomorrow> Last year it was 26 cents or 13c in two lumps with Special of 11c
Will it be over 40?

Our 2022 Full Year Results will be released on Wednesday, 15 February 2023.

GLENCORE : JP Morgan reaffirms its Buy rating
02/13/2023 | 01:48pm GMT

JP Morgan is positive on the stock with a Buy rating. The target price is still set at GBX 650.

so if UBS is correct the first div in May will be 19c (13c in May 2022) and the second in October will be 19c (13c in October 2022). Add to that any Special Divi announced in the coming August half year results.

OK so last August GLEN said that special div then announced was 11 cents a share - comprising a $1.45 billion special distribution. If UBS are correct and divs are to be $5bn then that will be about 3.4 x 11 0r about 38 cents. That 38 cents compares to 26 cents last year. So the increase is just below 50 per cent on what we got last year which isn't bad at all. I am not including any special dividends in this calculation.