Not that long ago, all was clear regarding which class of Schroders an income minded investor would buy. The higher yield would be garnered from the "non-voting" share class, SDRC.
It looks as though some of the websites that are used in these environs are currently misleading...or I'm missing significant updates.
Hargreaves Lansdown
The HL site lists the voting option (SDR) with a 4.6% yield
https://www.hl.co.uk/shares/shares-sear ... inary-gbp1
Whilst the non-voting class (SDRC) is reported as offering a 1.6% yield.
https://www.hl.co.uk/shares/shares-sear ... rd-1-share
Dividend data
Indicates a 4.6% yield for SDR, agreeing with Hargreaves.
https://www.dividenddata.co.uk/dividend ... y?epic=SDR
On the basis of this one might elect to buy SDR rather than reviewing "yield on offer" based on dividend paid / shareprice.
I'm flagging this up for discussion/ clarification.
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SDRC (clarification) - HYP viewpoint
Forum rules
Tight HYP discussions only please - OT please discuss in strategies
Tight HYP discussions only please - OT please discuss in strategies
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- Lemon Half
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- Lemon Quarter
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Re: SDRC (clarification) - HYP viewpoint
Dividend details:
Yield details:
However, be aware of a Share Restructure:
https://www.schroders.com/en/media-rela ... chisement/
Enjoy!
Ian
Year End | Quarter | Payment Date | Dividend (p)
31-Dec-21 | Q4 | 05-May-22 | 85.00
31-Dec-21 | Q2 | 23-Sep-21 | 37.00
| | |
| | Total | 122.00
Yield details:
| Price (p) | Dividend (p) | Yield (%)
SDRC.L | 2,220.0000 | 122.00 | 5.50%
SDR.L | 2,632.0000 | 122.00 | 4.64%
However, be aware of a Share Restructure:
https://www.schroders.com/en/media-rela ... chisement/
Under the enfranchisement, each Non-voting Share will be converted into one Ordinary Share and all such re-designated shares will have the same rights as the existing Ordinary Shares, including full voting rights.
Under the proposed terms of the enfranchisement, holders of Ordinary Shares will receive a bonus issue of three additional Ordinary Shares for every 17 Ordinary Shares held on a record date to be determined in order to compensate them for the dilution of their voting rights.
Enjoy!
Ian
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- Lemon Quarter
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Re: SDRC (clarification) - HYP viewpoint
Google finance offer yields of 5.45% for the voting SDRC and 4.62% for the ords SDR.
Last 2 dividends 37 and 85 pence so 122p total trailing 12 months and prices of 2240p and 2642p seem to tally OK.
Ah I see Ian beat me to it with a neater presentation too.
Last 2 dividends 37 and 85 pence so 122p total trailing 12 months and prices of 2240p and 2642p seem to tally OK.
Ah I see Ian beat me to it with a neater presentation too.
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- The full Lemon
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Re: SDRC (clarification) - HYP viewpoint
AS ITH has said, the point will soon be irrelevant if it is not already, because the Non Voting shares are soon to be enfranchised and the share prices have been adjusted to take account of that. The two shares are not identically priced at the moment but I think that will be because the voting shareholders are to get a few extra shares to compensate them for the reduction in the price of their shares.
Dod
Dod
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