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ASEI - Aberdeen Standard Equity Income

Closed-end funds and OEICs
OhNoNotimAgain
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Re: ASEI - Aberdeen Standard Equity Income

#245001

Postby OhNoNotimAgain » August 17th, 2019, 12:20 pm

The aim of the Trust is:

To provide shareholders with an above average income from their equity investment
while also providing real growth in capital and income.


Judging by the 67% increase in the dividend since 2010 it's dividend growth has drastically lagged its passive competitors.

richfool
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Re: ASEI - Aberdeen Standard Equity Income

#245030

Postby richfool » August 17th, 2019, 2:06 pm

BrummieDave wrote:
richfool wrote:
Dod101 wrote:On this subject, these UK oriented income funds have just the same problem as the average HYP, the difference being that the HYP (per the HYP - Practical guidance) encourages us to ignore or at least play down capital changes. ITs cannot afford to do that and so we get the reaction of the OP, which I totally agree with. I have written to the Chairman of Edinburgh IT to suggest that his Board considers paying at least part of the dividend from realised capital gains as is now permitted. That would give the manager more scope to move way from simply high yield shares to something more like a Total Shareholder Return. There is no reason why they could not do that, and the same logic applies to ASEI I would imagine.

Dod

Yes, Dod makes a good point. Because these types of trusts target income, it restricts them to certain types of stocks, (stocks which may not be benefiting from capital appreciation during certain periods). I have deliberately opted for some IT's which pay a dividend yield partly from capital specifically because they target a broader range of stocks, including growth stocks. Whilst not in the UK sector, JPGI (JP Morgan Grth & Inc trust) is one such trust in the Global G & I sector. Whilst I am not aware of any that do so in the UK G&I sector, I believe EAT [European Assets trust] and JAI [JP Morgan Asian Income trus] also do similarly.


This, with its table at the bottom of the article, will help: https://www.investorschronicle.co.uk/fu ... m-capital/

BD, This article is particularly good (note Burnett should read Barnett), and I think they have overstated the yield on SOI.

https://moneyweek.com/508487/britains-t ... le-income/

And a bonus article:

https://www.moneyobserver.com/how-to-ge ... rust-picks

funduffer
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Re: ASEI - Aberdeen Standard Equity Income

#464563

Postby funduffer » December 9th, 2021, 4:45 pm

Anybody know when ASEI will declare their final results and announce the 4th quarter dividend?

Last year the results came out on 26th November 2020, but I can find no sign of them on InvestEgate, nor any information on their website.

Have they gone missing in action?

FD

dundas666
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Re: ASEI - Aberdeen Standard Equity Income

#464590

Postby dundas666 » December 9th, 2021, 6:01 pm

funduffer wrote:Anybody know when ASEI will declare their final results and announce the 4th quarter dividend?

Last year the results came out on 26th November 2020, but I can find no sign of them on InvestEgate, nor any information on their website.

Have they gone missing in action?

FD


Is this what you need?
https://www.dividendmax.com/united-king ... /dividends

5.1p payable on 31st Dec

monabri
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Re: ASEI - Aberdeen Standard Equity Income

#464600

Postby monabri » December 9th, 2021, 6:40 pm

funduffer wrote:Anybody know when ASEI will declare their final results and announce the 4th quarter dividend?

Last year the results came out on 26th November 2020, but I can find no sign of them on InvestEgate, nor any information on their website.

Have they gone missing in action?

FD



I think they are M.I.A. I've just had a look on InvestEgate too and on dividend data. anytime soon...

scotia
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Re: ASEI - Aberdeen Standard Equity Income

#464623

Postby scotia » December 9th, 2021, 8:50 pm

funduffer wrote:Anybody know when ASEI will declare their final results and announce the 4th quarter dividend?

Last year the results came out on 26th November 2020, but I can find no sign of them on InvestEgate, nor any information on their website.

Have they gone missing in action?

FD

Their Current Factsheet (of 31/10/21) states that the accounts are published in December, and the dividends are paid in March, June, September and January.
Looking back at the past 4th Interim dividend payments, they were paid on 22/1/18, 21/1/19, 27/1/20 and 30/12/20
So it looks like last year's payment seems to have been about 3 weeks early. And the Results were published on 26/11/20 - again earlier than the December date in the current factsheet.
So was last year different for some unknown reason? So will this year's accounts be published in December, and will the dividend be paid in January - as per the current fact sheet?

mike
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Re: ASEI - Aberdeen Standard Equity Income

#464662

Postby mike » December 10th, 2021, 12:39 am

Back with the announcement of the first quarterly dividend, a full timetable was given, which included

Fourth Interim 2021
Ex-dividend 9 December 2021
Record Date: 10 December 2021
Payment Date: 31 December 2021

https://www.investegate.co.uk/aberdeen-standard-eq/rns/first-interim-dividend/202102051210191880O/

So we are now past the ex-dividend date previously announced, and still no full year results.

OldPlodder

Re: ASEI - Aberdeen Standard Equity Income

#464674

Postby OldPlodder » December 10th, 2021, 7:34 am

https://www.londonstockexchange.com/new ... t/15245123

This should put your minds to rest.

It looks fine

Plodder

Mrs has a holding

OldPlodder

Re: ASEI - Aberdeen Standard Equity Income

#464675

Postby OldPlodder » December 10th, 2021, 7:37 am

OldPlodder wrote:https://www.londonstockexchange.com/news-article/ASEI/annual-financial-report/15245123

This should put your minds to rest.

It looks fine

Plodder

Mrs has a holding


I made a mess of this, the announcement is on the LSE website. No time, just rushing.

Plodder

Bagger46

Re: ASEI - Aberdeen Standard Equity Income

#464677

Postby Bagger46 » December 10th, 2021, 7:42 am

This is the bit you are interested in, from the report

Dividend
The Board has determined that the Company should announce a fourth interim dividend of 5.6 pence per share which will be paid on 21 January 2022 to shareholders on the Register on 24 December 2021, with an associated ex-dividend date of 23 December 2021. This takes the total dividend for the year to 21.2 pence per share, which is a 2.9% increase on the dividend declared for the 2020 financial year and the 21st consecutive annual dividend increase paid by the Company. The Board recognises that this increase is not fully covered by the net earnings of the portfolio, but has concluded that given the strength of the recovery in the Company's earnings in the last 12 months following the Covid-19 pandemic and the confidence that the Manager has in the sustainability of the revenue account into 2022 and beyond, that this significant increase was appropriate. The Manager expects that earnings will continue to recover from here and are likely to exceed the cost of the projected dividend distributions in 2022.

Bagger

PS They said AT LEAST 5.1p before, it was NEVER actually declared.

I don’t hold, but my brother does, (in the family and close friends, we all have access to each other’s portfolios online)

funduffer
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Re: ASEI - Aberdeen Standard Equity Income

#464683

Postby funduffer » December 10th, 2021, 8:40 am

Thanks for all the replies - it seems I should have waited a day before posting.

I have held ASEI for about 8 years. The payment date of their final dividend is very erratic, having been as early as 18/12 and as late as 22/1 in the time I have held.

It plays havoc with my end of year stats!

FD

monabri
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Re: ASEI - Aberdeen Standard Equity Income

#478660

Postby monabri » February 4th, 2022, 8:21 pm

viewtopic.php?p=478561#p478561

4th Feb 2022.

"The Board announces that the first quarterly dividend for the year ending 30 September 2022 of 5.4 pence per Ordinary Share will be payable to Shareholders on 18 March 2022. The dividend is payable to Shareholders on the register on 18 February 2022.

In addition to the above, the Board's intention is that the second and third quarterly dividends will also each be 5.4 pence per Ordinary Share, payable in June and September 2022 respectively, and that the final dividend will be paid in January 2023, will be at least 5.6 pence per Ordinary Share, making a total for the year ending 30 September 2022 of 21.8 pence per Ordinary Share.

The Chairman, Mark White, commented that "the Board expects to be able to deliver a minimum of a 2.8% increase in the dividend in 2022 and is focused on having this covered by the revenue earnings in the year. Looking ahead the Board's objective is to deliver real-term sustainable dividend growth from the earnings for the year and continue to build on the 21 year track record of consecutive years of dividend growth."


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