Share dividends

[indravadan]

Does anyone know when we are to receive the first share dividends ?

[TrueBlueTerrier]

Does anyone know when we are to receive the first share dividends ?

Jun/Jul 2014

[indravadan]

Thanks

[Nigel1505]

Proposed Dividend for 2013-14
Note: In the absence of unforeseen circumstances, the Directors intend to propose only a final dividend in respect of this financial year, to be paid in July 2014, of £133 million. This amount is approximately two-thirds of the notional full year dividend of £200 million that the Directors believe they would have proposed. Hope this helps.

[deltaforce]

About 13p per share I make it.

[travisbickle]

About 13p per share I make it.

Which is about 70 quid if you just have free shares? Whoopeeefuckingdo

[Lounge Lizard]

About 13p per share I make it.

Which is about 70 quid if you just have free shares? Whoopeeefuckingdo

Pro rata for part timers.

[wandle]

One broker's report I have seen, estimates that the company will be able to increase the annual dividend each financial year. and estimates the total dividends payable over the 'retention period' of 5 years (assuming you don't sell them after year 3 and thus have to pay tax and NI) of around 150p per share.

On 725 free shares, that could be well over £1000 in dividends. Plus whatever the share price is, when you do wish to sell

[Lounge Lizard]

So do we get paid any dividends annually or at the end of the three years, and how will they be paid to us ?

[arnold cheshire]

One broker's report I have seen, estimates that the company will be able to increase the annual dividend each financial year. and estimates the total dividends payable over the 'retention period' of 5 years (assuming you don't sell them after year 3 and thus have to pay tax and NI) of around 150p per share.

On 725 free shares, that could be well over £1000 in dividends. Plus whatever the share price is, when you do wish to sell

this seems a very high share dividend if true i wont be selling my shares

[wandle]

this seems a very high share dividend if true i wont be selling my shares

Dividends will be paid twice a year, in December and July. (We didn't get one in December 2013, because it was payable to shareholders who owned shares at the half-year stage, i.e. when the government was the sole shareholder)
It is in the company's flotation prospectus, that the annual dividends will be apportioned so that approx 1/3rd of the total yearly dividend would be paid in December each year, the other 2/3rds in July of the following year.
Had we been a listed company since April 2013, we would have received a dividend of 6.67p per share in December, which, with the 13.33p dividend payable in July 2014, would make a total of 20p/share for the 2013/14 financial year.
The broker's report I saw estimates RM will be able to increase the divi by around 25% per year. e.g. 2013/14 = 20p, 2014/15 = 25p etc etc

Even if RM only pay the SAME dividend every year, you're looking at 13.33p for the (partially-listed) year, plus 20p for each of the next 4 years. That's a MINIMUM of 93.33p/share

= £676.64 total dividends over 5 years

[arnold cheshire]

this seems a very high share dividend if true i wont be selling my shares

Dividends will be paid twice a year, in December and July. (We didn't get one in December 2013, because it was payable to shareholders who owned shares at the half-year stage, i.e. when the government was the sole shareholder)
It is in the company's flotation prospectus, that the annual dividends will be apportioned so that approx 1/3rd of the total yearly dividend would be paid in December each year, the other 2/3rds in July of the following year.
Had we been a listed company since April 2013, we would have received a dividend of 6.67p per share in December, which, with the 13.33p dividend payable in July 2014, would make a total of 20p/share for the 2013/14 financial year.
The broker's report I saw estimates RM will be able to increase the divi by around 25% per year. e.g. 2013/14 = 20p, 2014/15 = 25p etc etc

Even if RM only pay the SAME dividend every year, you're looking at 13.33p for the (partially-listed) year, plus 20p for each of the next 4 years. That's a MINIMUM of 93.33p/share

= £676.64 total dividends over 5 years

this sounds good thanks wandle

[El-Bandito]

The share dividend is and always has been expected to be around 6% of initial investment p.a.
Therefore you can expect approx. £60 for every £1000 worth of shares for the 1st few years. As a newly listed privatised company RMG will not pay any corporation tax on our profits so the dividend should be sweet. The government states as a newly listed PLC, RMG will not pay ANY tax on its profits for a minimum of 3 years to encourage investment.
Again the gov have screwed the British public. How the hell can they sell off a public service that is expected to post profits in excess of £1BILLION tax free so cheaply? Disgraceful