Member Info for Pantherax

Hey Rickpom - Well that can't be 100% true as they have obviously paid some clients. The fact they've spotted a discrepancy might be why they've held off paying out the funds. Both my parents have separate accounts, both have received a dividend on the 20th but both payments are off by a few pence.

He got it on the 20th. I got mine on the 16th (with interactive investor)

It looks like Barclays have paid everyone incorrectly (for those they have paid) albeit it only a few pennies out although the statement looks correct at face value.

@Rickpom have you been paid your dividend by Barclays yet? I'm keen to know if they have paid you exactly 16.8p.

They have paid my father incorrectly.

Yes it's small pence - but you'd think a bank would get the figures right.

Thanks and all the best.

Ignore my 'update' my dad said he was quoted a bunch of decimal places and that the figure had worked out with the person he spoke to on the phone. But my query still stands - why aren't Barclays paying the 16.8p?

Update - Barclays have advised they are looking into it and will come back to us. But they have said they have worked the dividend based on a payment of 16.796547 which is less than 16.8.

I've been paid by interactive investor to the penny based on 16.8p

Interestingly 15820 x 0.16796547 = £2657.21 - so even using their figure (if that can be right) the actual payment is still out by 1p.

Hey Mike, thanks for the reply. Let me clarify and see what you think.

15820 shares x 0.168 = £2657.76

Barclays have only paid £2657.20 - so my dad has been short changed by 56p.

So what has Barclays done with the 56p from my dad and the 13p from my mum? And if they have done this here how many other dividends are they getting wrong. The fact it is mere pennies means most people won't notice.

@Rickpom and Janus - My parents use Barclays Smart Investor and they were made to wait for their dividend. But today they've show me something else that's wrong.

The amount of the normal dividend is correct. The amount of the special dividend is incorrect - as in they have been short changed, albeit only pennies. My dad's dividend was 56p out and my mums dividend is 13p out. Small amounts but why would they be wrong.

Can you check the amount of your special dividend?

My mum had 3785 shares and her dividend was £635.75 instead of £635.88 (13p short)
My dad had 15820 shares and his dividend was £2657.20 instead of £2657.76 (56p short)

Special dividend was 16.8p so anyone can do the maths and see Barclays have paid the dividend wrong.

I'm with interactive investor, got my dividend paid on time and it is correct to the penny.

Anyone else with Barclays had this mistake? It feels like some sort of bug.

I got both my Natwest and Barclays dividend on Friday - already spent them.

The live price has been there for me for a few weeks and is a welcome addition. Not seen any issues until this morning but you're probably right - maybe teething problems with the new functionality.

As for compensation - if you raise a complaint to them they will likely offer something as most financial institutions like to resolve complaints at the first point of contact rather than risk something being taken to the regulator. It's not compensation for hassle - the service isn't available as and when you need it which can have financial implications if you're not able to trade as and when you want to.

I have THG that is showing as zero.
BARC @1.60
HSBC @5.15
I thought there'd been a huge crash!
Every stock is wrong.

I've had my divi but my portfolio is displaying as massively down and gave me a fright. It looks like a display issue with my broker as the prices are all displaying wrong. Anyone else using interactive investor with this issue? I've raised a query with them.

I've got my divi - not decided what I'm going to reinvest in yet though.

You’ll be ok. Just wanted you to note that if you sell shares in an ISA your cash is still within the ISA and you can buy other stocks with it. You’d only be impacted with your allowances if you withdrew the cash from the ISA.

This is something I decided to do when Barclays first started buying back shares on the 19th March 2021.

Back then Barclays was worth @£31.7b and the Share Price was £1.82. This was my baseline - obviously the market values a company different over time so it is difficult for shareholders to see the benefit of the buyback.

Back then there were 17,365,368,531 shares in circulation.
As of today there are 16,309,686,819 so if the market valued Barclays at £31.7b today the share price would be £1.9442
As it happens the market only values Barclays @£24.5b.
Todays Net Asset Value per share was reported as £2.97 so using that figure Barclays should be worth £48b. So on paper we're getting shares at nearly 50% discount. The Barclays board deem this a good reason and time to buy back their own shares. In the long run it should work out better for shareholders.

"They really wanted to disappoint you by coming in at 2.25 lol"

Yes ha. Made better by the inclusion of the additional £500m buyback. These are a good set of results overall. As a shareholder I would have liked a better dividend but at least it's going in the right direction. So the final dividend is going to come out at 4.5p - and if the next 6 months go well I think we'd be looking at a further £1b buyback for year end.

I’ll be disappointed if this turns out to be the case. I was hoping for 3p. Barclays can easily afford to up the anti to 3p with a final dividend of 6p.

We missed out on a declared dividend. 2.3p will really disappoint and I’d expect a drop in the share price if this turns out to be the case.

Nice increase on the Lloyds dividend today.

"i wondered why i have got a screen full of green lines , just stir it up a bit boris could do a winston chuchill ,on the rebound"

Same with me - got that muppet filtered. Spouting pure drivel.

Wow the spam on this board is worse that ever. Complete drivel being posted every few minutes.

I've just bought 23,891 shares. With the last net asset value reported as £2.92 these are at a near 50% discount. I'm happy with my purchase :-)

##Did Barclays say when they were going to start the new share buyback program?##

I had the same question. They should really take advantage of the low share price like Lloyds are doing. Surprised they've not started the buyback yet.