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General Accident PLC - GACA

Gilts, bonds, and interest-bearing shares
Peltiq
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General Accident PLC - GACA

#71845

Postby Peltiq » August 3rd, 2017, 6:43 pm

My mother has a small portion of the above in her ISA and is confused about the frequency of the dividend payments.

For the past few years the dividend has been paid bi-annually on 1st January and 1st July. The amount of the dividend is invariably 4.4375p.

Today, according to Investegate, it was announced that a dividend will be paid on 1st October.

https://www.investegate.co.uk/general-a ... 338N/?fe=1

This announcement refers to General Accident plc 7 7/8% Prefs but my mother's holdings are General Accident plc 8 7/8% Prefs. Both have the same EPIC - GACA.

Is it us who are confused, are there two GACAs, have Investegate got their facts wrong or is my mother going to get the dividend paid quarterly?

Thanks in anticipation.

Karen

hiriskpaul
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Re: General Accident PLC - GACA

#71856

Postby hiriskpaul » August 3rd, 2017, 7:06 pm

The 7 7/8% prefs are GACB, not GACA as in the investegate link. GACA will continue to pay 1/1 and 1/7.

RNS from London Stock Exchange: http://www.londonstockexchange.com/exch ... 18430.html

and the latest for GACA: http://www.londonstockexchange.com/exch ... 36981.html

Peltiq
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Re: General Accident PLC - GACA

#71867

Postby Peltiq » August 3rd, 2017, 7:57 pm

Many thanks for that. We thought it was too good to be true - 4 payments a year!

The yields of GACA and GACB look fairly similar and the movements in the share prices are also alike. Which would you buy if you were looking?

flint
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Re: General Accident PLC - GACA

#71879

Postby flint » August 3rd, 2017, 8:30 pm

Peltiq

If you would like 4 payments a year then buy both GACA and GACB. ( or AV.A and AV.B ) as in principle they are much the same.
The nominal interest rates vary, not by much, however, all 4 are usually priced to provide a similar current yield - about 5.4% at present.
So, which one you choose to buy ( all 4 in my case ) does not matter a great deal. Buying A and B does provide a quarterly income.
Cheers

Peltiq
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Re: General Accident PLC - GACA

#71956

Postby Peltiq » August 4th, 2017, 7:54 am

Thanks for clarifying everything. I'm grateful, as always.

Karen


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