Category: Uncategorized (Page 226 of 312)

The first estimate for the figure at the half year stage of dividends received is

£5,393.00

Some dividends still to be declared, so there could be some slippage but The Snowball is on Target (9k), the fcast remains 8k.

NextEnergy Solar Fund Limited

Interim Dividend Declaration

NextEnergy Solar Fund, a leading specialist investor in solar energy and energy storage, is pleased to announce its fourth interim dividend of 2.09 pence per Ordinary Share for the quarter ended 31 March 2024, in line with its previously stated target of paying dividends of 8.35p for the year ended 31 March 2024.  

The interim dividend of 2.09 pence will be paid on 28 June 2024 to shareholders on the register as at the close of business on 24 May 2024.  The ex-dividend date is 23 May 2024.

£££££££££££££££

 RBC CUTS NEXTENERGY SOLAR FUND PRICE TARGET TO 105 (110) PENCE – ‘OUTPERFORM’

NextEnergy Solar Fund Limited

(“NESF” or the “Company”)

 Unaudited Quarterly Net Asset Value & Operational Update

NextEnergy Solar Fund, a leading specialist investor in solar energy and energy storage, announces its unaudited Q4 Net Asset Value (“NAV”) and operational update for the period ended 31 March 2024.

Key Highlights

Financial:

·     NAV per ordinary share of 104.7p (31 December 2023: 107.7p).

·     Ordinary shareholders’ NAV of £618.6m (31 December 2023: £636.4m).

·     Total gearing (including preference shares) of 46.4% (31 December 2023: 45.7%).

·     Financial debt gearing (excluding preference shares) of 29.3% (31 December 2023: 28.8%).

·     Weighted average cost of capital of 6.4% (31 December 2023: 6.4%).

·     Weighted average cost of debt of 4.5% including preference shares (31 December 2023: 4.4%).

·     Weighted average discount rate across the portfolio of 8.1%¹ (31 December 2023: 8.0%).

Dividend:

·     Total dividends declared of 8.35p per ordinary share for the twelve months ended 31 March 2024 (31 March 2023: 7.52p).

·     Dividend cover for the twelve months ended 31 March 2024 was 1.3x (31 March 2023: 1.4x).

·     Announced target dividend of 8.43p per ordinary share for the year ending 31 March 2025.

·     Attractive high dividend yield of c.11%, as at closing share price on 14 May 2024.

·     Forecasted target dividend cover of between 1.1x-1.3x for the year ending 31 March 2025.

·     Total ordinary dividends declared since IPO of £345m or 67.8p per ordinary share.

Portfolio:

·     Maiden 50MW standalone energy storage asset (“Camilla”) achieved commercial operation.

·     Energised two international solar co-investments totalling 260MW alongside NextPower III ESG (“Santarém and Agenor”).

·     Increased portfolio size to 103 operating assets (31 December 2023: 100).

·     Reached 1GW installed capacity milestone with 1,015MW (31 December 2023: 933MW²). 

·     Remaining weighted asset life of 25.9 years (31 December 2023: 26.1 years).

£20,000 in cash? Here’s how I’d aim to unlock a £15,025 annual second income

By Ben McPoland
The Motley Fool

How nice would it be to have a solid second income passively rolling in one day?

While this remains a dream for many people, some have already made it a reality. And the great news for UK investors is that it can be achieved tax-free through a Stocks and Shares ISA.

If I had £20k sitting idle today, here’s how I’d invest it to target an eye-catching second income down the road.

Please note that tax treatment depends on the individual circumstances of each client and may be subject to change in future. The content in this article is provided for information purposes only. It is not intended to be, neither does it constitute, any form of tax advice. Readers are responsible for carrying out their own due diligence and for obtaining professional advice before making any investment decisions.

Taking action
To get the ball rolling, I’d stick this cash into a Stocks and Shares ISA rather than a Cash ISA. The reason is that while Cash ISA returns are guaranteed, the average return from the stock market easily beats cash over the long run.

A Stocks and Shares ISA gives me almost endless investing options. I could put my money behind shares like Facebook-owner Meta Platforms or Amazon.

Or UK dividend stocks such as Lloyds, Tesco and HSBC. These regularly dish out a portion of their profits to shareholders

For diversification, I could buy exchange-traded funds or investment trusts. These would give me instant exposure to many stocks in one fell swoop.

A UK share I like
So, one route is to let a professional manager invest for me. I don’t mean visiting one in an office. I’m talking about investing in funds run by professionals who do the stock-picking.

If I were starting out, one FTSE 250 option I’d consider is Baillie Gifford US Growth Trust (LSE: USA).

As the name implies, this is a trust that invests in US-listed growth stocks. Some of these will be familiar, such as artificial intelligence leader Nvidia and streaming giant Netflix, but some are more obscure.

Yet that’s the point. I’m trusting the managers to pick a portfolio of (mainly) winners, to help drive returns. Some will be hidden gems, hopefully.

What I particularly like here is that the portfolio has a number of exceptional private companies. Indeed, the top holding today (with about a 7% weighting) is SpaceX, Elon Musk’s unlisted space exploration firm.

The company has pioneered reusable rockets, which has significantly reduced launch costs. This allows it to offer competitive pricing for satellite launches and other space missions.

The firm has just put its 5,999th Starlink satellite into orbit, and this was the 307th time SpaceX has landed its rocket booster.

Reports suggest revenue at Starlink, its direct-to-consumer satellite internet system, will jump to around $6.6bn this year, up from just $1.4bn in 2022.

Finally, Baillie Gifford US Growth is currently trading at a 10% discount to the net asset value of its underlying investments. In retrospect, this might prove to be a bargain.

The path to £15,025
Now, despite my enthusiasm, growth stocks can be very volatile. Using rocket metaphors, they have a tendency to either crash and burn or go to the moon. Underperformance is a risk

However, assuming a portfolio of stocks like this collectively returned an average of 8.5% a year, my £20k would grow to £231,165 after 30 years. This is with any dividends reinvested.

At this point, if I switched entirely to dividend stocks yielding an average 6.5%, I’d receive annual passive income of £15,025.

That’s without adding another penny beyond platforms fees. However, if I regularly invested along the way, the final figures would obviously be much higher.

The post £20,000 in cash? Here’s how I’d aim to unlock a £15,025 annual second income appeared first on The Motley Fool UK.

U have 100k to invest in the market and in ten years time u want to use your capital to provide an income and leave the capital to your family.

Straightaway that rules out an annuity.

Option one.

Invest in a portfolio of dividend paying shares, currently yielding 8% and compound for ten years at 8% a ‘pension’ of 16k pa. The total depends on being able to re-invest at 8% but although the total is not in doubt it might take longer by a couple of years.

Option two.

Use the 4% rule. U sell shares every year to withdraw 16k in January when u keep everything crossed that there has been a Santa Rally. One certainty is that after u start selling shares there may be a market crash, so the perceived wisdom is to have a cash fund of 3 years ‘pension.’

Total of your portfolio would need to be 450k, GL with that. One fact is that if u intend to use the 4% rule and invest in World Trackers the perceived wisdom is they will grow by around 7% but not in a straight line as they have long periods of going sideways. After ten years your 100k could be worth 200k. If u have longer u need to DYOR.

HENDERSON HIGH INCOME TRUST PLC

PAYMENT OF SECOND INTERIM DIVIDEND

Henderson High Income Trust plc announces that a second interim dividend of 2.625p per ordinary share of 5p, in respect of the year ending 31 December 2024, will be paid on 26 July 2024 to holders registered at the close of business on 14 June 2024. This dividend is to be paid from the Company’s revenue account. The Company’s shares will go ex-dividend on 13 June 2024.

abrdn Property Income Trust Limited

(a non-cellular company limited by shares incorporated in Guernsey with registration number 41352)

Publication of Circular and Notice of General Meeting

Further to abrdn Property Income Trust Limited’s (“API” or the “Company“) previous announcements and as set out in the recently published Annual Report and Accounts for the financial year ended 31 December 2023, the Board of API announces that a circular (“Circular“) to convene a general meeting of API Shareholders (the “General Meeting“) will be published today and sent to API Shareholders to allow them to consider and, if thought fit, approve a change to API’s investment policy in order to implement a Managed Wind-Down.

Under the proposed Managed Wind-Down process, the Company will be managed with the intention of realising all of the assets in its portfolio in an orderly manner, with a view to repaying borrowings and making timely returns of capital to Shareholders whilst aiming to obtain the best achievable value for the Company’s assets at the time of their realisations. Pursuant to its comprehensive review of API’s strategic options, the Board believes that a Managed Wind-Down is now the best means of maximising value for API Shareholders, given the challenges API would continue to face as a standalone company and the potential to dispose of API’s assets in the direct property market at higher values than those implied by API’s share price.

The required change to API’s investment policy is conditional on the approval of API’s Shareholders. To approve the change in investment policy, shareholders who together represent a majority of the API shares voted at the General Meeting (whether in person or by proxy) must vote to approve the resolution put to the General Meeting. API Shareholders should read the whole of the Circular, in particular, the letter from the Chair, which contains the unanimous recommendation from the API Board that API Shareholders vote in favour of the changes to the Company’s investment policy.

While the timeline for disposals will depend on the market environment, realisation of all of the Company’s assets and the return of proceeds to API Shareholders is expected to take place over an 18-36 month period, assuming assets are realised as sales of individual assets or groups of assets, rather than via a sale of the whole portfolio, which is also a possibility.

At an appropriate point in the Managed Wind-Down process, API will seek Shareholders’ approval to appoint a liquidator to wind up the Company and to cancel the Company’s admission to trading on the Main Market of the London Stock Exchange. Trading in API Shares will no longer be possible from that time.

James Clifton-Brown, Chair of API, said:

“API has consistently sought to invest in good quality assets that produce an attractive level of income and which also have the prospect of income and capital growth, resulting in an attractive portfolio and consistent outperformance against the benchmark at the property level.

Nevertheless, API, along with other REITs and diversified investment trusts, continues to contend with the significant challenges facing the real estate sector which in API’s case are compounded by the relatively small scale of the Company, resulting in a sustained and substantial trading discount to net asset value, low share liquidity and a concentrated debt structure.

Pursuant to its comprehensive review of API’s strategic options, and consistent with its previous announcements, the Board believes that a Managed Wind-Down is now the best means of maximising value and unanimously recommends that API shareholders vote in favour of the proposed change to API’s investment policy at the forthcoming General Meeting.”

IF u want to earn passive income there are two important things to monitor.

The yield and how secure the future yield is. Unless the dividend or the fcasts change, a strong hold for the portfolio.

IF the price rises and the NAV narrows u may be able to take some profit and re-invest in a higher yielder.

If u can compound the dividend at 8%, u will achieve the holy grail of investing of having an IT in your portfolio that provides income at a cost of zero, nada, zilch.

Trying to go higher but still very trying. Dividend paid this week so there may be some re-investment into the Trust.

Current yield 8%

Discount to NAV 17%