AstraZeneca PLC (AZN) - Increases 2024 dividend by 7%.

[idpickering]

AstraZeneca announced today that the Board intends to increase the annualised dividend for 2024 by $0.20 to $3.10 per share, underlining the company's confidence in its performance and cash generation. This takes into account other capital allocation priorities as well as previously announced acquisitions and business development.

Michel Demaré, Chair, AstraZeneca said: "The Board is delighted to announce a 7% increase to the dividend, taking it to $3.10 per share. This uplift is in line with our progressive dividend policy, which remains unchanged, and reflects the continuing strength of AstraZeneca's investment proposition for shareholders."

No changes are planned to the Company's normal dividend payment timetable, which is:

· First interim dividend - announced with half-year results and paid in September.

· Second interim dividend - announced with full-year results and paid in March.

The Board also reaffirms its commitment to AstraZeneca's progressive dividend policy.

https://www.investegate.co.uk/announcem ... 7-/8131804

Also posted on Company News here; viewtopic.php?p=658878#p658878

I hold these in my HYP, and know others here do too, so this may be of interest here.

Ian.

[kempiejon]

way back in 2011 the dividend was 280.00¢ then, joy of joy, 10 years later in 2021 the dividend is up to 287.00¢, let the good times roll and as the very next 290.00¢ so over the past 14 years we have seen dividends up by less than half a percent, not annually in aggregate but in totality. 10¢ in the past decade. Throughout the board tell us how important the progressive dividends are.
No wonder there's an RNS for the first inflation beating or what I'd call progressive dividend in 13 years.

[GrahamPlatt]

way back in 2011 the dividend was 280.00¢ then, joy of joy, 10 years later in 2021 the dividend is up to 287.00¢, let the good times roll and as the very next 290.00¢ so over the past 14 years we have seen dividends up by less than half a percent, not annually in aggregate but in totality. 10¢ in the past decade. Throughout the board tell us how important the progressive dividends are.
No wonder there's an RNS for the first inflation beating or what I'd call progressive dividend in 13 years.

You could’ve bought GSK instead…

[kempiejon]

You could’ve bought GSK instead…

I used to have both and held a similar opinion about GSK but checking now I see they cut. I got out of them shuffling my unsheltered holding's cash in the ISA a few years ago and there wasn't a justification to rebuy. Another static "progressive" dividend I seem to remember.

[IanTHughes]

way back in 2011 the dividend was 280.00¢ then, joy of joy, 10 years later in 2021 the dividend is up to 287.00¢, let the good times roll and as the very next 290.00¢ so over the past 14 years we have seen dividends up by less than half a percent, not annually in aggregate but in totality. 10¢ in the past decade. Throughout the board tell us how important the progressive dividends are.
No wonder there's an RNS for the first inflation beating or what I'd call progressive dividend in 13 years.

Interesting. Hardly surprising of course, bearing in mind 10 years wih a held dividend, and now another hold after one year of small increase.

I bought AstraZeneca (AZN) in 2012, my first pick for my then brand new High Yield Portfolio (HYP). The price was just under £30 pounds a share, giving a yield of 5.25%, or thereabouts.

Mind you, my HYP is measured in GBP, not USD, and if one looks at the dividend growth history through that lens, this is the story:

Year End  | GBP Div'd | 1 Year | 3 Years | 5 Years | 10 Years | 20 Years
31-Dec-23 | 227.8000  | -4.77% |   3.24% |   1.14% |    2.61% |    8.41%
31-Dec-22 | 239.2000  | 13.85% |   3.09% |   3.39% |    2.96% |    8.93%
31-Dec-21 | 210.1000  |  1.50% |  -0.80% |  -0.82% |    1.82% |    7.52%
31-Dec-20 | 207.0000  | -5.18% |   0.74% |   1.89% |    2.51% |    7.65%
31-Dec-19 | 218.3000  |  1.44% |  -0.09% |   4.15% |    4.44% |         
31-Dec-18 | 215.2000  |  6.27% |   4.51% |   4.10% |    4.96% |         
31-Dec-17 | 202.5000  | -7.49% |   4.37% |   2.54% |    8.09% |         
31-Dec-16 | 218.9000  | 16.13% |   7.54% |   4.52% |    9.34% |         
31-Dec-15 | 188.5000  |  5.84% |   1.81% |   3.13% |    9.85% |         
31-Dec-14 | 178.1000  |  1.19% |   0.49% |   4.72% |   13.48% |         
31-Dec-13 | 176.0000  | -1.46% |   2.89% |   5.83% |   14.54% |         
31-Dec-12 | 178.6000  |  1.77% |   8.10% |  13.94% |   15.25% |         
31-Dec-11 | 175.5000  |  8.60% |   9.79% |  14.39% |   13.54% |         

One might say, what a difference a Currency makes!

Yes, I know, thanks are due to the falling value for GBP – just look at the European Union (EU) referendum effect (2015/2016) – I just thought it was interesting.

Enjoy!


Ian