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Cap Pig, I don't get you. What will you do with the proceeds after a 2.90 sell? Me. I'd buy LGEN!! Why take the risk? And for others thinking of trading oil stocks - take note that the SP of BP is not logically correlated to the price of oil. Good luck anyway to all of you!

Spights, you are very optimistic! I've been a seller of BP over the last month. I still hold a small amount. I had been accumulating since 2020, my rationale being that the SP would follow the oil price. Results for the last few quarters have been great but it seems this share is out of favour. The only salve to apply to my wound is the c 5% dividend. But why would I stick around for that while I can get 8% to 10% on another 'going nowhere' share? Maybe I'm mistaken and could have got another 5% or so in the lead up to results. Only to fall back again. BP just disappoints me. Good luck genuinely in your optimism!

I've been slowly and gently trying to persuade my wife and daughter to move cash from bank and buy DLG, IMB, DEC, LGEN etc. but have given up. Because they will only look to me if the share price falls. So stupid having money on deposit account, though.

Thanks Alas. That's logical. I have an account with a broker who pays scrip dividends only while my pension account pays cash only I must check with the former that they are following that practice. I don't trust any of them, you know!. I keep my eye on them - they are a sneaky lot!

I'm finding it hard to get a definitive answer to the following question. Maybe someone here can help. One of my accounts pays scrip dividends , and in principle I am quite happy with that. However, if my entitlement is to receive a further 9.6 shares, do I receive 9 shares or 10 shares? I know that rounding down applies, i.e. 9.4 entitlement = 9 new shares. Does 9.9 entitlement also end up as 9 new shares? For a small investor, that is disadvantageous to the tune of £60. I should know this by now, but it's the first time the question has occurred to me!!

Gary, I have started this year to do exactly the same thing ; accumulate cash dividends from multiple shares and then when it reaches about £3k to buy another high-yielding share. Very satisfying as I see them as 'free' shares. I've gotten fed up of the usual Wall St. stocks and about 50% of my portfolio is now in UK dividend paying stocks. I also have MNG, DEC, PSN, RIO. Seems like a 'no-brainer' strategy and I'm hoping there is nothing obvious I have overlooked apart from the usual risks of SP volatility.

AceofClubs, that is a good question to which I do not have the answer. But consider the following. I had a similar experience with my BP shares. I could never understand how the SP did not track the price of crude oil. The oil price has more than doubled in a year and yet BP share price is up around 25%; there is a disconnect. However, I also am surprised that DEC share price has hardly responded to upward movement in NG price. All I can offer is the observation that DEC, like BP operates in an industry considered 'dirty' from an ESG perspective. Big institutions want to be politically correct and do not want to 'dirty their hands' with Big Oil and Gas in their portfolios? Just my speculation. I have added recently though.

Hi unvrkw. Mention of "U.S. listing by June". Does anyone have a source for this claim? Was it stated by the company or a third party?

Time tells you things. I've been in IMB for around 3 years now and I think this share has taken all the hammering it's going to get over the last 5 years. If you look at the last two years, the SP has steadied and has shown upward momentum over the last year. I added at 1605p today for a number of reasons:
1. The SP has breached 1700p and 1800p this year and looks to me like it will hit 1700p again, especially in the lead in to the two 'bigger' quarterly dividends which commence later this year.
2. I've had a look at a Blackrock / Morningstar research note updated 16 Mar. They reckon that the negative impact of the war has been overdone. I also see that the P/E ratio is about 5.4 which is well below the 16 times 5 year average. This indicates to me that the SP may be at the bottom. Morningstar in their analysis from April 2021 estimated that at a price of 1635p, IMB was about 44% undervalued; another indication to me that this share in 2022 is dirt cheap and is ripe for bottom-fishing.
3. My strategy as an investor has changed over 20 years and I am moving more towards high-yielding shares. The 10% or so (based on my average purchase price) annual yield attracts me due to the compounding effect of re-investing dividends. Mind you, I don't follow div reinvestment religiously - for example today I used dividends from other sources to buy more IMB just as I may use IMB dividends in the future to buy other high yielding shares. LGEN, RIO, DEC and MNG.
4. I don't need to sell my IMB shares for at least 5 years, hopefully. So I will use the power of compounding. I'm not sure I can get a cumulative 8.5% annual return from high-fliers on the NASDAQ. MSFT, TSLA, AAPL.
Maybe I'm wrong, but this is my new strategy and just based on my own perception and research.

robleo, I fall into category 3. I hold and re-invest the divis. I tried trading around the divis as in your categories 1 and 2 and I have some successes but I mostly failed. It's not worth the risk as far as I'm concerned. A key question is when you are going to need the cash. I'm hoping to hold on for about 5 years at least before I need to sell. If I was to adopt the #1. or 2. strategies you mention for every dividend in the next 5 years, I would need to be very lucky in order to beat option #3.

Hi Pig, I added again today at 274. But not trading; staying long. Used my cash dividends from elsewhere. Will prob use my LGEN dividend to add more DEC, IMB. Best of luck with your strategy. Trading costs make me nervous!

I am not invested here. I am getting contradictory information on yield. Dividenddata tells me yield is about 11.6%. Dividendmax (which is normally my go-to site for such info.) tells me that the yield is 1.2%. Can anyone clarify? Thanks.

The questions here after every dividend payment date are predictable. I asked the same questions a bout 18 months ago. Can I be helpful and tell you in summary what I have found out since then about Dividend Withholding Tax (DWT):
1. If no protection is in place as at 2 and 3 below, then 30% DWT can be applied to your dividend payment.
2. If you have a form W8BEN on file with your broker, then under the double taxation agreement between the UK and USA then the DWT is reduced to 15%. This also applies to Irish residents who hold those shares. I mention this as I am resident in Ireland.
3. If your shares are held in a UK pension product then the applicable rate of tax is 0%. This is very clear in the double taxation agreement I refer to above. This does NOT apply to Ireland-USA double taxation treaty and as a result I have 15% withheld of my dividend.

I hope this summary is helpful to someone. For me this is a great dividend. I live in Ireland and have been at war with my pension provider over this issue . They eventually reduced the tax from 30% to 15%. Still very happy with my circa 10% net dividend. I'm also about 5% up on my average purchase price; I've increased my holding recently. Above based on my research only.

Sold all of my AAL today but holding RIO longer term. Rationale: Peace in Ukraine as a prospect seems to be correlated with lower commodity prices. Still holding BP and DEC. Also stuck with Evraz, suspended. Looking at POLY. Definitely LGEN top-up tomorrow based un upcoming divi.

Same happened in the last couple of hours with other miners; AAL, GLEN. Only macro news I see is positive vibes coming from Ukraine. Also crude oil has fallen 5%. I don't get the logic!

I simply cannot make sense of share price movements with DEC. 2% drop today; no correlation with any news event that I can see.

meoryou; wow 40% divi!!!

For the last year or so I naively believed that the BP share price would track the oil price or exhibit some positive correlation. Obviously that hasn't happened in any meaningful way. Accordingly I have reduced my holding gradually and substantially. since Jan. Especially as I can reap 10%+ dividends from DEC, RIO, IMB, MNG and the likes which seem to have similar SP growth prospects. BP has become for me = Boring Place. But I am holding relatively small and long as surely the market has to recognise the obvious value at some stage.

Interesting that JPM decreased their target price 3580p to 2830, yet their target price is still 30% above today's price and they rate PSN as 'overweight'!. And then as a consequence, the SP drops 3% today. How strange!

I have now half of my p0rtfolio in dividend paying shares and my intention is to continue to make further additions. Apart from some 'black swan event', does anyone see a problem with this that I may not have foreseen? The shares are held in a pension fund, so no tax is payable until I draw down.