Dividends24 Nov 2020 18:35
I hold both RDSB and BP, averaging at 1017 and 229.
With RDSB having cut the Dividend by two thirds and stating that the dividend will only be increased by 4% annually, if the share price was to approach the Pre-Covid levels, the dividend yield would suffer. Currently the RDSB dividend of £0.52 gives me a 5% yield on the 1017 share price and the BP dividend of £0.16 gives me a yield of 6.98% on that purchase average of 229. Having only held the shares recently has anybody any thoughts of the yield being half if the price doubled for newly bought shares. I appreciate that my yield will not change. My long term intention was to hold until the share price got to pre-covid levels then sell and buy the higher yield Dividend stocks like IMB, SLA, BATS, MNG and VOD to name a few to give me a yield of approximately 8%.