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FTSE 100 yields over 3.5% (Dividend and Yield History)
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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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FTSE 100 yields over 3.5% (Dividend and Yield History)
Similar table to Wednesday's FTSE 250 data, but this one shows FTSE 100 constituents that currently yield 3.5% and over, ranked in yield order, and with a couple of URL links on the right hand side to their long-term dividend and yield history pages on the fantastic Dividend Data site.
The chart on the yield history pages will default to show the latest 12-month period, but there are buttons usually available on the yield-history charts to also then show longer time periods if they are of interest.
Please note that this data has been collated from a number of different sources, and as such, the table is offered up as an initial starting point only, and more detailed investigations should be carried out before any actions are taken, and clearly some of the chunkier yields shown should be given the critical respect they might well deserve...
Cheers,
Itsallaguess
The chart on the yield history pages will default to show the latest 12-month period, but there are buttons usually available on the yield-history charts to also then show longer time periods if they are of interest.
Please note that this data has been collated from a number of different sources, and as such, the table is offered up as an initial starting point only, and more detailed investigations should be carried out before any actions are taken, and clearly some of the chunkier yields shown should be given the critical respect they might well deserve...
Cheers,
Itsallaguess
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- Lemon Quarter
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Re: FTSE 100 yields over 3.5% (Dividend and Yield History)
DAK why are the miners on such high yields at the moment?
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Re: FTSE 100 yields over 3.5% (Dividend and Yield History)
MrFoolish wrote:
DAK why are the miners on such high yields at the moment?
My default position regarding such things would be to follow the Admiral Ackbar assessment -
https://www.youtube.com/watch?v=4F4qzPbcFiA
And to mix my TV metaphors somewhat, let's never forget the great wisdom of Sergeant Phil Esterhaus -
https://www.youtube.com/watch?v=Jmg86CRBBtw
Cheers,
Itsallaguess
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Re: FTSE 100 yields over 3.5% (Dividend and Yield History)
Inherent cyclicity of the sector coupled with CoViD-19 exacerbating the causes of it according to this.MrFoolish wrote:DAK why are the miners on such high yields at the moment?
C.
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Re: FTSE 100 yields over 3.5% (Dividend and Yield History)
Itsallaguess wrote:, and clearly some of the chunkier yields shown should be given the critical respect they might well deserve...
Yes important to recognize, and you know my simple approach to filtering those out of selection... OMMV.
I haven't been paying much attention to RIO recently and was surprised by its yield rise/price drop of late, although that will be partly down to next week's super payout having gone ex-div.
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Re: FTSE 100 yields over 3.5% (Dividend and Yield History)
Itsallaguess wrote:MrFoolish wrote:
DAK why are the miners on such high yields at the moment?
My default position regarding such things would be to follow the Admiral Ackbar assessment -
https://www.youtube.com/watch?v=4F4qzPbcFiA
And to mix my TV metaphors somewhat, let's never forget the great wisdom of Sergeant Phil Esterhaus -
https://www.youtube.com/watch?v=Jmg86CRBBtw
Cheers,
Itsallaguess
https://youtu.be/F1xAUfdK9FE
Sorry couldn't resist...!
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- The full Lemon
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Re: FTSE 100 yields over 3.5% (Dividend and Yield History)
I find it puzzling that Legal & General is apparently on a higher yield than abrdn. What's up with this market? Plenty of good yields from decent companies. In fact it must be a HYPer's paradise.
As for BT, a yield of 4.93%? Anyone buying it is going to be disappointed since it currently yields nothing.
Dod
As for BT, a yield of 4.93%? Anyone buying it is going to be disappointed since it currently yields nothing.
Dod
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Re: FTSE 100 yields over 3.5% (Dividend and Yield History)
Dod101 wrote:I find it puzzling that Legal & General is apparently on a higher yield than abrdn. What's up with this market? Plenty of good yields from decent companies. In fact it must be a HYPer's paradise.
As for BT, a yield of 4.93%? Anyone buying it is going to be disappointed since it currently yields nothing.
Dod
Agreed re the HYPer’s paradise comment. As for BT.A, no thanks. Been there, and dumped it years ago. Thanks to IAAG for starting this thread. I shall be referring to the table above in the future, although sps and yields change all the time obviously.
Ian.
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Re: FTSE 100 yields over 3.5% (Dividend and Yield History)
Dod101 wrote:I find it puzzling that Legal & General is apparently on a higher yield than abrdn. What's up with this market? Plenty of good yields from decent companies. In fact it must be a HYPer's paradise.
As for BT, a yield of 4.93%? Anyone buying it is going to be disappointed since it currently yields nothing.
Dod
I've forgotten the ins and outs of BT, but presumably that's a forecast and the "currently yielding nothing" is history. Anyone buying it expecting nothing, might therefore be plesantly surprised
As I say, I haven't checked the state of affairs, but if one is looking to buy a share, presumably one would do so.
Arb.
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Re: FTSE 100 yields over 3.5% (Dividend and Yield History)
I intended to ask anyway, so can IAAG say what is the basis for the yield in his table? He tells us that this is the 'current' yield but that obviously means different things to different people because as far as I know the 'current' yield for BT for instance, is nil.
Dod
Dod
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Re: FTSE 100 yields over 3.5% (Dividend and Yield History)
Dod101 wrote: as far as I know the 'current' yield for BT for instance, is nil.
The dividenddata site is quoting both 0.0% and 4.93% with an explanation that
BT Group have stated they intend to resume dividends at an annual rate of 7.7p per share in 2021/22.
Forecast Dividend Yield = Total Forecast Dividends (divided by) Current Share Price
= 7.7p / 156.15p
= 4.93%
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Re: FTSE 100 yields over 3.5% (Dividend and Yield History)
Alaric wrote:Dod101 wrote: as far as I know the 'current' yield for BT for instance, is nil.
The dividenddata site is quoting both 0.0% and 4.93% with an explanation thatBT Group have stated they intend to resume dividends at an annual rate of 7.7p per share in 2021/22.
Forecast Dividend Yield = Total Forecast Dividends (divided by) Current Share Price
= 7.7p / 156.15p
= 4.93%
Thanks. So that would suggest that we are talking about the forecast yield (presumably on current prices) I never use that. I prefer the trailing yield on current prices. At least that is factual. At any rate IAAG has been perfectly clear that the table should only be used as a starting pint and on that, it is very useful.
Dod
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Re: FTSE 100 yields over 3.5% (Dividend and Yield History)
Dod101 wrote:
At any rate IAAG has been perfectly clear that the table should only be used as a starting pint.
After about six or seven, the floor can then be used, if it's more comfortable...
;O)
Regarding forecasts, I will defer to the outcome of Dod vs Itsallaguess regarding the recent HSBC forecast....ie. there's a time and a place for them, and they can be useful where it's clear that current-yield figures are useless...
Cheers,
Itsallaguess
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Re: FTSE 100 yields over 3.5% (Dividend and Yield History)
The miners...
BHP selling off oil interests. Possible downgrading in credit rating as a result ( reducing diversity of the materials they sell).
China cutting back on iron ore.
RIO..China and iton ore prices halving. Recent fine in Australia.
All Google-able.
The yields are dependent on profits and when a main commodity such as iron ore halves in price, we can probably work out that the dividend next year is unlikely to be as big as this year's bumper bonanza ( see Rio's divi policy).
BHP selling off oil interests. Possible downgrading in credit rating as a result ( reducing diversity of the materials they sell).
China cutting back on iron ore.
RIO..China and iton ore prices halving. Recent fine in Australia.
All Google-able.
The yields are dependent on profits and when a main commodity such as iron ore halves in price, we can probably work out that the dividend next year is unlikely to be as big as this year's bumper bonanza ( see Rio's divi policy).
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Re: FTSE 100 yields over 3.5% (Dividend and Yield History)
Dod101 wrote:Alaric wrote:Dod101 wrote: as far as I know the 'current' yield for BT for instance, is nil.
The dividenddata site is quoting both 0.0% and 4.93% with an explanation thatBT Group have stated they intend to resume dividends at an annual rate of 7.7p per share in 2021/22.
Forecast Dividend Yield = Total Forecast Dividends (divided by) Current Share Price
= 7.7p / 156.15p
= 4.93%
Thanks. So that would suggest that we are talking about the forecast yield (presumably on current prices) I never use that. I prefer the trailing yield on current prices. At least that is factual. At any rate IAAG has been perfectly clear that the table should only be used as a starting pint and on that, it is very useful.
Dod
Trailing yields on current prices may be factual but to an income buyer they are useless, because they measure what has already been paid not what will be received, as the BT example shows. Unless one starts with an assumption that income paid last year will be the same again next year, until told otherwise. I prefer not to listen to "forecasts", and term this "income ntm (next twelve months)".
Example: Astrazeneca, which has just paid its interim dividend and along with the previous final a total of 202.2p in the last twelve months, a trailing yield of 2.5%. Now to an income buyer its yield today is arguably zero (the opposite of the BT example). But that would be nonsense, given it's long track record of paying something, hence one makes an assumption that next year's payout will also be 202.2p, until the directors state otherwise in the next results which will not be until January or February.
Example2; BATS, which has paid a trailing income of 52.6+52.6+53.9+53.9=213.0p in the last year, however it has already announced the next two dividends of 53.9p in November and February, so one assumes next twelve months payout will be 4*53.9p= 215.6p, a yield of 8.1% today, until stated otherwise in the next results.
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Re: FTSE 100 yields over 3.5% (Dividend and Yield History)
moorfield wrote:Dod101 wrote:
Thanks. So that would suggest that we are talking about the forecast yield (presumably on current prices) I never use that. I prefer the trailing yield on current prices. At least that is factual.
Trailing yields on current prices may be factual but to an income buyer they are useless, because they measure what has already been paid not what will be received, as the BT example shows.
Unless one starts with an assumption that income paid last year will be the same again next year, until told otherwise.
And another word for such an assumption, given that it's being used to predict future events, is therefore, erm, a 'forecast'....
And if we're all going to be using 'forecasts' of one sort or another, then I'll continue to prefer using those from investment-industry sources that are closer to these companies than I can ever hope to be....
My own experience over the years has shown that doing so continues to deliver a very reliable indication of future portfolio income, and the recent long-term test of this theory that we carried out using HSBA as an example clearly showed the validity of the process in that particular case, and I would point out that the HSBA example that we tracked over the coming year to test the theory was actually closely aligned with the BT example being discussed on this thread, in that Dod is again claiming a BT yield of 0% based on backwards-looking data, and the given 4.93% yield forecast is looking forwards, similar to the HSBA test carried out on the thread below... -
Forecast Yields - do we believe them yet? -
https://www.lemonfool.co.uk/viewtopic.php?f=15&t=26085&p=432627#p432581
Of course it clearly needs acknowledging that at an individual company level, accuracy of these types of forecasts can vary to some degree, and I'd never look to claim otherwise, but even taking that acknowledgement into account, I would add that when such forecast yields are taken in aggregate, and overall forecast income is then considered at portfolio-level, then it really is surprising how accurate the overall forecast-based portfolio income is, when tracked over a number of years...
Cheers,
Itsallaguess
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Re: FTSE 100 yields over 3.5% (Dividend and Yield History)
I do not deny any of the comments from either moorfield or IAAG and do not want to enter into another long discussion but HSBA (or HSBC as I prefer to call it) gave every holder a shock in March 2020 when its dividend was cancelled. By the time that was announced everyone including me was thrown well off course since if I remember correctly it was even passed its ex div date, so forecasts or expectations can sometimes be well wrong (of course, I can hear you say)
I do what moorfield says and assume that the dividend for the future will be not less than the past, unless I know otherwise, but I think the difference in our approaches is that I freely acknowledge that I am measuring what has been to see how my judgement has been, and am not really interested in worrying about what my future income is likely to be.
Fundamentally though the question is why are we measuring the yield anyway? In my case, to see how the individual shares have done over the last twelve months and whether they can be, or need to be improved upon. Like me, my portfolio is mature and I seldom look for new shares these days. I am not in the building phase, nor have I been for a long while.
As I said, the table is very helpful thank you, just as long as we know what the yield represents.
Dod
I do what moorfield says and assume that the dividend for the future will be not less than the past, unless I know otherwise, but I think the difference in our approaches is that I freely acknowledge that I am measuring what has been to see how my judgement has been, and am not really interested in worrying about what my future income is likely to be.
Fundamentally though the question is why are we measuring the yield anyway? In my case, to see how the individual shares have done over the last twelve months and whether they can be, or need to be improved upon. Like me, my portfolio is mature and I seldom look for new shares these days. I am not in the building phase, nor have I been for a long while.
As I said, the table is very helpful thank you, just as long as we know what the yield represents.
Dod
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Re: FTSE 100 yields over 3.5% (Dividend and Yield History)
Dod101 wrote:
As I said, the table is very helpful thank you, just as long as we know what the yield represents.
Thanks Dod, and I should probably have clearly pointed out much earlier in this yield-based discussion that the yield figures presented in the original table are fully explained with calculations shown underneath the charts shown via the right-hand 'Yield History' links for each company.
Some examples here if you scroll down to the section under the yield-charts -
Aviva - https://www.dividenddata.co.uk/dividend-yield.py?epic=AV.
BT - https://www.dividenddata.co.uk/dividend-yield.py?epic=BT.A
The bulk of the yields given in the original table are actually calculated using your preferred method, and the ones where forecasts are being used can be seen in BRACKETS on the following page, with the little arrows to the right of each share being used to access the relevant yield calculations -
https://www.dividenddata.co.uk/dividendyield.py?market=ftse100
For completeness then, given the above, the yields for the following shares are using forecast data -
GSK GlaxoSmithKline
RDSA Royal Dutch Shell A
RDSB Royal Dutch Shell B
BT.A BT Group
RMG Royal Mail
Cheers,
Itsallaguess
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Re: FTSE 100 yields over 3.5% (Dividend and Yield History)
Itsallaguess wrote:
And another word for such an assumption, given that it's being used to predict future events, is therefore, erm, a 'forecast'....
And if we're all going to be using 'forecasts' of one sort or another, then I'll continue to prefer using those from investment-industry sources that are closer to these companies than I can ever hope to be....
Fair point. Yes by "forecasts" I meant those from "investment-industry sources" (or "The Wise", as pyad once dubbed them?) which imo are a waste of time - another set of numbers I have to go looking up, far less effort to start with those I already have.
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Re: FTSE 100 yields over 3.5% (Dividend and Yield History)
Example3: I see dividenddata already has marked down GSK's dividend to 55p, however I have it on a yield of 4.9% today which recognizes that one can still buy the last two dividends due to be paid next January and April for its current financial year before the corporate split happens: ie. 19p + 23p + (19p + 19p)*55/80 = 68.125p (we do not know the new dividend timetables of course but for now one might apportion the aggregate amount quarterly thus). That figure will continue to change again, of course.
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