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
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General Accident PLC - GACA
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Re: General Accident PLC - GACA
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
RNS from London Stock Exchange: http://www.londonstockexchange.com/exch ... 18430.html
and the latest for GACA: http://www.londonstockexchange.com/exch ... 36981.html
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Re: General Accident PLC - GACA
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?
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?
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Re: General Accident PLC - GACA
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
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
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