Dr Martens declared a final dividend of 0.99p, taking the total dividend to 2.55p, down from 5.84p. It said it plans to pay the same again in financial 2025 before returning to its normal dividend policy of 25% to 35% of earnings from financial 2026 onwards.
Author: admin (Page 278 of 374)
Expected dividends for the next three months are £2,251.00 which would achieve the 2024 target of 9k.
There is always the chance for a dividend to be reduced but for balance most dividends are gently increasing and there will be some extra cash as dividends are re-invested, with the full benefit in the calendar year 2025.
Income of £9,175.00 is the plans target for the year ending 2027 which means the Snowball would be on target for a yield at the end of the ten year period of 16%.
A lot of water to flow under a lot of bridges before then, so stick to your plan until it sticks to u.
Accumulation portfolio
By Christopher Ruane
Investing like Buffett
By following this simple approach of using my earnings from investments to buy more shares, I hope I can accelerate the long-term process of building wealth.
That could involve a combination of compounding dividends and putting any capital gains I earn in my Stocks and Shares ISA back into buying more shares.
The post Warren Buffett got rich doing this appeared first on The Motley Fool UK.
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I’ve bought for the snowball another 1157 shares in JLEN for 1k.
Another £90 of income p.a. added for re-investment.
JLEN has announced it’s latest NAV and it’s slipped slightly from the current value shown on the chart.
They have announced their next dividend target and now yields 9%. The chart is obviously not a buy but if u want the dividend there is a small window to secure the next dividend.
To buy or wait, that is the question ?
The first estimate for dividends received at the 6 month stage is £5,148.00*.
This would mean that the blog portfolio is on track to meet the fcast of 8k and the target of 9k.
*Some Trusts have still to announce the date for their next dividend, so some of the income could slip into July.
JLEN ENVIRONMENTAL ASSETS GROUP LIMITED
(“JLEN” or the “Company”)
Net Asset Value, Dividend Declaration and FY25 Dividend Target
Net Asset Value and dividend target
JLEN, the listed environmental infrastructure fund, is pleased to announce an unaudited Net Asset Value (“NAV”) of £751.2 million at 31 March 2024 (31 December 2023: £777.7 million). This results in a NAV per Ordinary Share of 113.6 pence (31 December 2023: 117.6 pence) after payment of the target quarterly dividend of 1.90 pence.
The Board is pleased to announce the Company’s 10th consecutive dividend increase since IPO, with a dividend target of 7.80 pence per share for the year to 31 March 2025, representing a 3.0% uplift from the year to 31 March 2024.
Summary of changes in NAV:
| NAV per share | |
| NAV at 31 December 2023 | 117.6p |
| Dividends paid in the period | -1.9p |
| Power prices | -2.1p |
| Battery revenue outlook | -1.6p |
| Discount rate changes | 0.4p |
| Other movements (including actual asset performance) | 1.2p |
| NAV at 31 March 2024 | 113.6p |
Power prices
The portfolio continues to benefit from a high degree of protection from short term price hedges as well as revenues from subsidies and long-term contracts that are not derived from power prices. As a result the portfolio has been resilient despite a significant reduction in near term electricity and gas price expectations.
Once reflecting the compensating impact from the Electricity Generator Levy, downward power price forecasts have resulted in a reduction in NAV of 2.1 pence compared to 31 December 2023.
Battery revenue outlook
Near term battery revenue projections have reduced significantly in recent months. Whilst the portfolio only has one operational asset, this backdrop has impacted pricing and valuations in the market for assets at all stages of their lifecycle.
The impact of changes to revenue forecasts is to decrease the NAV by 1.6 pence compared to 31 December 2023.
Since April 2024, revenues have started to rise, and independent market analysis suggests this trend to continue through 2024 and 2025 as well as continued strong fundamentals for the long term outlook of the sector.
Discount rates
Discount rates have been reviewed across the portfolio to ensure they remain in line with evidence of recent market transactions seen by the Investment Manager and assessment from JLEN’s independent valuation advisor. There have been no material changes to discount rates in the period, and the overall Weighted Average Discount Rate remains at 9.4%. The net effect of changes to discount rates is to increase the NAV by 0.4 pence compared to 31 December 2023.
Update on asset sales
The Investment Manager continues to progress several credible selective asset disposal opportunities. The Board expects to update shareholders in due course.
Dividend
Financial performance of the portfolio has been satisfactory, with dividend cover of 1.30x for the year to 31 March 2024.
The Company also announces a final quarterly interim dividend of 1.89 pence per share for the period from 1 January 2024 to 31 March 2024.
Together with the interim dividends paid during the financial year to date of 5.68 pence per share, the Company will have paid total dividends of 7.57 pence per share in respect of the year ended 31 March 2024, in line with the dividend target set out in the 2023 Annual Report.
Dividend Timetable
| Ex-dividend date | 6 June 2024 |
| Record date | 7 June 2024 |
| Payment date | 28 June 202 |
U have a sum of money u wish to invest to start earning dividends, u would like to achieve a yield of 7% as u know this compounded, doubles yours income in ten years.
Let’s use 10k, all other amounts pro rata and u want to invest your money for four years as u learn more about re-investing dividends. U would like to start your journey cautiously as it’s your hard earned. U could take no risk and invest it all in a Government gilt but u will not achieve a return of 7%.
Your funds are inside a tax wrapper so u want a gilt that pays interest (coupon) to re-invest into a higher yielder. U choose to buy:
| ISINGB0002404191TIDMTR28 ExchangeLSE Par Value£100Maturity Date7/12/2028 Coupons per year 2 Next coupon date7/6/24 | Coupon6%Income Yield5.58%Gross redemption yield 4.18% Accrued interest 277.05p Dirty Price£110.23 |
When u buy u have to pay the seller the interest accrued to date, note that the price u have to pay is above the £100 that will be returned at the end of 2028 because of the market beating interest rate.
The next dividend (coupon) payment is 7th June, so u will not have to wait long for some cash to re-invest. The yield u will receive if u wait until the maturity date is 4.18%, u do not have to do anything, the cash will appear in your account.
You want a Trust that yields 10% to add to your 4% and would like the opportunity for a capital gain so u buy NESF (other Trusts are available so DYOR) trading at a discount to NAV of 30%. The 10% is not guaranteed, unlike your gilt, so u have to be comfortable that the dividend is repeatable before u buy.
The blended yield is 14%, so u have achieved your goal, hopefully nothing to do for the next 4 years but to decide where to re-invest your £700 a year.
NESF has just gone xd so u will have to wait for your first dividend but normally if u buy after the xd date u get more shares for your money and a higher yield.
A journey of a thousand miles begins with a single step” is a Chinese proverb that originates from the Tao te Ching12. The quotation is from Chapter 64 of the Dao De Jing ascribed to Laozi, although it is also erroneously ascribed to his contemporary Confucius. The meaning of this saying is that even the most difficult and longest ventures have a specific starting point. Similarly, it implies that daunting tasks can typically be begun by doing something very simple.