Aviva drops the final dividend.

[idpickering]

Aviva plc ("Aviva") today announces that the Board of Directors has agreed to withdraw its recommendation to pay the 2019 final dividend to ordinary shareholders in June 2020. The Board fully recognises the importance of cash dividends to all of our ordinary shareholders, and expects to reconsider any distributions to ordinary shareholders in the fourth quarter of 2020.

https://www.investegate.co.uk/aviva-plc ... 00051449J/

That makes my mind up for me. I was Pickering over buying more AV. this month or BP. So, BP it is.

Ian.

[88V8]

Another bummer for holders.
Glad to say I ousted Aviva a long time ago as they are a habitual cutter. However, the divi on Aviva's Prefs will still be paid...... AV.A and AV.B.

BP is reckoned the weaker of the major oilies, so presumably you are overweight Shell?

V8

[Wizard]

Another bummer for holders.
Glad to say I ousted Aviva a long time ago as they are a habitual cutter. However, the divi on Aviva's Prefs will still be paid...... AV.A and AV.B.

BP is reckoned the weaker of the major oilies, so presumably you are overweight Shell?

V8

My bold.

As well as GACA and GACB.

[monabri]

Just a snippet

"Full year operating profits rose 6% to £3.2bn, a record high. That primarily reflects lower losses in the corporate centre and on centrally held investments, with a weaker result in the UK. "


And yet they can't see fit to pay ANY dividend? Not a good omen for other companies!

[Wizard]

Just a snippet

"Full year operating profits rose 6% to £3.2bn, a record high. That primarily reflects lower losses in the corporate centre and on centrally held investments, with a weaker result in the UK. "


And yet they can't see fit to pay ANY dividend? Not a good omen for other companies!

I think, as for DS Smith, many Boards are looking beyond the initial Covid-19 period and are concerned about a major recession resulting from the cure rather than the virus itself.

[monabri]

Perhaps they are considering a second Covid-19 wave? That would completely screw up many businesses.

[Wizard]

Perhaps they are considering a second Covid-19 wave? That would completely screw up many businesses.

I know I am watching for news out of China like a hawk at the moment, that is where the first real test is currently taking place in terms of Covid-19 2.0.

[idpickering]

Another bummer for holders.
Glad to say I ousted Aviva a long time ago as they are a habitual cutter. However, the divi on Aviva's Prefs will still be paid...... AV.A and AV.B.

BP is reckoned the weaker of the major oilies, so presumably you are overweight Shell?

V8

That is indeed the case. I’ve topped up RDSB this Feb and Mar. I’m not majorly overweight in them, but don’t want to over do it. I hold both to diversify between them, and to lean more towards one than the other seems a bit daft. Although I do prefer Shell over BP as companies to be honest. No, it’ll be BP. for this month’s top up, on 22nd April. A lot can change by then......

Ian.

[Simonvine]

Hi all, where do you see confirmation that the Pref share dividends will be paid?

[Wizard]

Hi all, where do you see confirmation that the Pref share dividends will be paid?

The fact the announcement was explicit it was the Ordinary shares. If the Board had considered cancelling the Pref div I believe they would be obliged to disclose that.

[miner1000]

Another bummer for holders.
Glad to say I ousted Aviva a long time ago as they are a habitual cutter. However, the divi on Aviva's Prefs will still be paid...... AV.A and AV.B.

BP is reckoned the weaker of the major oilies, so presumably you are overweight Shell?

V8

All depends when you bought them. Since I first bought in March 2009 at 168p, through to my last top-up in 2013 at around 365p they have been a really good share. Before Covid they were showing a total return of 13% PA. This suspension of the divi is in line with RSA, Direct Line etc, and will be resumed at some point. If not we will have bigger things to worry about.

Diversification, diversification, diversification. Especially important now.