I was a little concerned to see Aviva down this morning, and wondered if the shares were back in the doghouse after a number of brokers/analysts issued some form of downgrade yesterday following the share price's appreciation over the last few weeks.
As usual, more than one of the downgrades was accompanied by an "increase" to the target price (http://www.sharecast.com: FTSE 100 movers: Aviva falls on downgrade), but in this case I would presume that they are gently and effectively "applying brakes" to any expectations of rapid appreciation at this time, in order to prevent an overshoot of their targets.
Anyway, the shares actually went ex-dividend (which I had forgotten was due), with a 10p per share interim payment due on the 16th of November.
IG Group @ 448.9p, -20.3p (-4.33%).
Similarly, IG Group also went ex-dividend (19th Sept. - ex dividend date - IG Group/Aviva). This time with their final dividend of 16.75p per share which will be paid out on the 23rd of October.
So I also thought that I would give my portfolio a sweep and see what other ex. dividend and payment dates might be coming up.
Ex Div. Company and payout Payment date
20 Sept GE @ 17c per share 25 Oct
26 Sept Morrison @ 3.49p per share 05 Nov
26 Sept Centrica @ 4.62p per share 14 Nov
17 Oct BAE @ 7.8p per share 30 Nov
24 Oct Rolls-Royce @ 7.6p per share 04 Jan.
24 Oct William Hill @ 3.4p per share 07 Dec.
13 Nov Microsoft 23c per share 15 Nov
?? Oct Tesco @ ?? ?? Dec.
?? Nov National Grid @ ?? ?? Jan
?? Nov Vodafone @ ?? ?? Feb.
Always makes me feel a bit better.
Dividends have a key role in the make up, strategy, and performance of my portfolio, as they provide both a return (forecast return of 4.11% as at last update - August 2012: Portfolio update.), and new funds for me to invest (re-invest) as they mount up.
In turn this gives my portfolio a compounding "boost" as re-invested funds generate their own returns.
So despite just completing my last bull period for dividends (2012 Dividend bull period update to the update (to the update!) etc. etc.), I can already see the next one which will peak in Jan with my second largest holding, in National Grid, forecast to make their payout.
Then again Aviva, and Rolls-Royce are due to payout in November and December.
And so on and so forth!
Related article links:
- http://www.sharecast.com: FTSE 100 movers: Aviva falls on downgrade
Related posts:
- 19th Sept. - ex dividend date - IG Group/Aviva
- August 2012: Portfolio update.
- Portfolio Updates.
- Jam today, not tomorrow (or at least twice a year anyway).
- 2012 Dividend bull period update to the update (to the update!) etc. etc.
- My first dividend of 2012 (and 2011 dividends in profile).
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