Unfortunately it looks like there is a misunderstanding here. The dividends are not doubling. What that is saying is that they are on target for their cumulative 5 year target: have paid out £2.5 billion since 2020 and they will pay out from now to 2024 £3.1-3.4 billion. You can deduce from that they have progressive dividend policy but they don’t specify exactly what the increase is per year (rough calculation suggests about 5% p.a).
It’s cumulative dividends so that was their goal for a total payout over the 5 years. They are aiming for around 5% dividend growth
I prefer mine & Neil’s interpretation
But its good that they are aiming to raise the future dividend. Nice core dividend stock
Believe me when I say I prefer your interpretation too.
8 posts were merged into an existing topic: Ask your beginners questions here
I just sold mine. My average from last year was 2.72 gbp. It is likely that I will buy back when they drop again. If not I will look somewhere else.
They normally fall on exdivided day although not necessarily finish the day lower.
Last time they drifted a fair bit lower after ex dividend day.
Tomorrow night i will note down the highs and lows for the day and set a limit order to sell the following day. I will sell the ones in my sipp which include the ones i bought for 242 but not the ones i bought for 166p they are in gia and isa.
Assuming a sale happens i will then set a limit order to buy back on exdivided day. So the price needs to be more than 8p lower (the dividend is 8p)
But i have not yet decided wherever i want to buy back so i will set a very greedy buy back price.
If it dont bite then i will buy some more …probably private equity investment trusts. Probably!
Dividend is 5.44p to be precise
Correct looking at a different company.
Well no chance of sale at the greedy 290p limit order. Just have to take the dividend.
Dividend payments today right ? Anyone received it yet ?
Payment date is today but this could be delayed for a number of days due to slower processing by freetrade for the moment
Received the L&G one today
Received the payment but no notification
I have both payment and notification
Payment and notification:)
Yup all received. Will reinvest into LGEN #compoundinterest
Got payment and notification.
Just to join the club, got my payment and notification too