Dod101 wrote:As far as tobacco shares are concerned, I hold more than enough if they ever get back to reasonable levels and I have decided not to buy any more come what may. I am well in the money even at current levels but I must say that if I were a newbie I might well be buying given that the dividends look secure.
A much better buy than SLA I think.
I choose to continue to top up Standard Life Aberdeen (SLA) based on the latest results wherein they discussed the transformation of the business resulting from the sell off of the Insurance business to Phoenix Holdings (PHNX):
https://www.standardlifeaberdeen.com/__ ... eb-new.pdfI was particularly drawn to the following comment:
It is the Board’s current intention that the total annual dividend per share should be held at this level while the business is transformed, cost synergies are delivered and future financial performance confirms the sustainability of this level of distribution and provides line of sight to its future growth.
I take this to mean that the dividend is sustainable at a level of 21.6p which in turn provides a purchaser with a yield of a shade over 7.7%, at the current price of just under 280.00p. I do appreciate that this dividend will not rise, for the foreseeable future at least, but 7.7% going forward is good enough for me.
You obviously feel differently.
Ian