My name is Bond James Bond
06 Mar 2017
Re: 2017 Dividend Dates ? ESP have changed their accounting reference date to 31st December so the next set of accounts will be Final but covering a 6 month period only. They are subject to audit and so will take longer to publish than previous interim results to the same period. There has been a previous April 2016 dividend announcement and so would expect similar in 2017. It could be results will be announced in April together with the dividend which will be dclared as a final divdend as a result of the change in the accounting reference date. Regar
Hardboy
06 Mar 2017
Re: 2017 Dividend Dates ? The simple answer is we don't know. Most listed companies that care about their shareholders have a "Financial Calendar" on their website. Empiric do not. Most companies tend to follow similar schedules of reporting and dividend payments year on year. Last year Empiric released their Interims on 1st March. It's now the 6th. I sent the company an e mail over the weekend asking when the interims were going to be, and politely suggesting that having a financial calendar on their website would be a good idea. I have just read their reply, so your query is well timed for me to post the reply. I can say it is good that I got a prompt reply - here it is: "Thank you for your message that has been forwarded to me by the ESP team. The Company will notify the market of the proposed date for the release of the results for the period to 31 December 2016 in due course. Notifications will be made in the usual way via RNS announcements on the LSE and the Company’s website. Kind regardsGrainne"(Grainne Devlin of FIM Capital.)FIM are the administrators and company secretary. Apart from the promptness of the reply, and the reassurance that we will be told when the interims will be ahead of their release, I am not impressed with this reply.
PrefInvestor1
06 Mar 2017
2017 Dividend Dates ? Hi All,Can someone please tell me when the next dividend date is for this stock ?. And indeed it would be nice to know the pattern for the rest of the year, if possible. Looking at previous years they have paid in March, June, August & November with ex div 2-3 weeks before. Thats sort of quarterly as expected. But this year there was a February payment with ex div in January, that doesnt fit the previous pattern - was it a special or something ?.For some reason Ive got it in my dividend calendar as going ex div on March 9th (ie this week). Pretty sure thats wrong, but have had no luck tracking down the real dates.Any help would be much appreciated !!!ThanksPref
nk1999
13 Feb 2017
Re: Divi payment due Wed 8th Callun,I just received a call back from TD and they have advised along the same lines that we (Eadwig, you, me) have discovered over the last few days anyway.In short, as my holding is in an ISA, TD will claim the 20% tax deducted on the PID element of dividend from the company. They will then pay it into my account, making a total of 1.55p per share.Expected timeframe is 6-8 weeks. That should resolve it.We learn something new everyday.nk
sharegardener
12 Feb 2017
Re: Divi payment due Wed 8th Hi all,I have received my divi in H-L ISA paid gross - it is split into PID & non-PID as separate payments but comes out at .93 and .62 per share. It looks like different ISA platforms treat PIDs inconsistently. For a more detailed explanation:ESP Prospectus Oct 2015 [link] a section p22-25 ''UNITED KINGDOM TAX TREATMENT OF SHAREHOLDERS UNDER REIT STATUS'' - ''Shareholders should note that in certain circumstances the Company may not be obliged to withhold UK income tax at source from a PID. These include where the Company reasonably believes that the person beneficially entitled to the PID is a company resident for tax purposes in the UK, a charity, or a body which is allowed the same exemption from tax as a charity. They also include where the Company reasonably believes that the PID is paid to the scheme administrator of a registered pension scheme, or the sub-scheme administrator of certain pension sub-schemes or the account manager of an ISA, provided the Company reasonably believes that the PID will be applied for the purposes of the relevant scheme or account.''A quick summary from AJ Mucklow (another REIT):''As a REIT, dividends paid by Mucklow will contain Property Income Distribution (“PID”
and non-PID elements. PIDs will generally be paid after the deduction of withholding tax at the basic rate (20% for 2015/16), although some shareholders may be able to receive the dividends gross.The shareholders who qualify for gross payment are principally UK resident companies, UK public bodies, UK charities, UK pension funds, and the managers of ISAs, PEPs and Child Trust Funds. Most shareholders, including all individuals and all non-UK residents, do not qualify for gross payment and should not complete the forms.''I seem to recall 'Grey Investor' a fan of REITs has posted about PIDs previously - ? Segro boardSG
Callun
12 Feb 2017
Re: Divi payment due Wed 8th ps can anyone tell me how to paste a table in here without losing the column spacing? It all looked so much easier to read before I hit the send button.Callun
Callun
12 Feb 2017
Re: Divi payment due Wed 8th nk1999, Eadwig, I did some digging through the dividend related RNS and came up with the following summary:RNS Date Interim/Final PID Non PID30 Oct 14 Ist Interim Nil 1.525 Feb 15 2nd Interim Nil 0.528 May 15 3rd interim Nil 1.08 July 15 Final 0.32 0.688 Oct 15 Ist Interim 0.725 0.7751 Mar 16 2nd Interim 0.725 0.77525 May 16 3rd interim Nil 1.526 July 16 Final Nil 1.517 Oct 16 Ist Interim Nil 1.511 Jan 17 2nd Interim 0.93 0.62I'm afraid that the "Special divi" information on the ii Fundamentals page doesn't correlate, so I'm not sure what they are reporting.Anyway, I became a proud owner of ESP shares last year and have received 3 previous dividends, all of which were ordinary, or non-PID, dividends and therefore came tax paid, as would other share dividends I am familiar with.It is only the latest dividend I have received which has the PID/non-PID split, and that is why it came as a surprise not to receive the full amount.Referring back to the British Land link (see my post Thurs 05.55), "PID dividends are normally paid after deduction of withholding tax at the basic rate of income tax (20%), which the REIT pays to HMRC on behalf of the shareholder". It would seem that the Intermediary, in my case TD Direct, has to claim that tax back from HMRC. The form suggests that the claim is made once, permitting subsequent payments to be made in full. This might explain why I have been paid sans tax, whereas Eadwig received the full amount (I am assuming that Eadwig, being a holder longer than myself, has already received a PID/non-PID payment and is already registered as eligible for the tax payment in his ISA).Callun
Callun
11 Feb 2017
Re: Divi payment due Wed 8th nk1999,Thanks for that input, and well done for going to a verifiable source for the information. I agree with you that we are owed the tax rebate. It seems that ii have dealt with the matter differently from TDD, so I would be interested to hear the response to your complaint. Perhaps it comes down to different ISA management processes.As Eadwig has pointed out in a previous post, the tax element seems to arise once a year, with the other 3 divi payouts paid gross. Perhaps they are made up of 3 non taxable payments, and the 4th a mix of PID and non-PID. Too late for me to search now but if I get time I will look into this further tomorrow.Callun
Eadwig
11 Feb 2017
Feb 8th Divi payments with ii As the ii statement doesn't go beyond showing 1pps payment, I've done some quick calculations and got these results:Trading Account2 Payments, rounded up = 0.62pps + 0.744pps = 1.364ppsSIPP2 Payments, rounded up = 0.62pps + 0.93pps = 1.55pps.I hope that's helpful.
nk1999
10 Feb 2017
Re: Divi payment due Wed 8th Callun,I also have my holding with TD and I am exactly in the same position. I have logged a complaint with them today. I hold my shares in ISA and would have expected full 1.55p per share to be paid on 8th Feb (like the 1.5p full paid via TD in Nov '16). Splitting of amount and paying only total 1.364 has confused completely.However looking at the helpful posts on this board, I have looked at the RNS related to Dividend and it states:"The Board of Empiric Student Property plc (ticker: ESP)..... has declared a dividend of 1.55 pence per Ordinary Share...." 0.93 pence of this dividend will be paid as a Property Income Distribution ("PID" in respect of the Company's tax exempt property rental business and 0.62 pence will be paid as an ordinary UK dividend ("non-PID"."So if TD pay me 0.186p further as tax element on 0.93p PID part (20%) that will put the things right.nk
Eadwig
10 Feb 2017
Re: Comptetion Rhiannon (one of the Questor writers I believe) 10 Feb 2017 Unite Students has bought a block of student accommodation in Birmingham for £227m - the largest single asset of its kind ever to come to the market.The block, called Aston Student Village, serves Aston University with more than 3,000 bedrooms. It is the first on-campus accommodation Unite will own. The developer has traditionally concentrated on building its own blocks near the UK’s top universities, rather than on campuses themselves.Richard Smith, chief executive of Unite, said buying a readymade building enabled the company to rapidly increase its exposure to Birmingham.“We’ve been focused on developing and we will still continue to develop selectively off campus but this is an opportunity for us to grow further and real embed our relationship with the university going forward,” he said.Unite partnered with Singapore’s sovereign wealth fund GIC to make the purchase, which was sold by the university and Lloyds bank.Aston Student Village is currently the only student halls on offer to students at Aston University, which has a student population of 11,000 and is in the centre of Birmingham.The acquisition takes the number of beds Unite has in Birmingham to more than 5,000.
Eadwig
10 Feb 2017
Re: Divi payment due Wed 8th Callun, I thought so, or at least more than I had received in my Trading account. I'll check as soon as I'm in a position to be able to log in to that level, not secure at the moment.Eadwig
Callun
10 Feb 2017
Re: Divi payment due Wed 8th No tax paid in SIPP,__________ ________Eadwig,Am I to understand that you have received the full 1.55p in your SIPP?Strange, as I have not.The 2 payments I received equate to 0.744p and 0.62p per share.That's 0.186p light.I'm assuming that one of these payments is tax free and the other taxed.That works out at 20% tax rate for the larger amount, so I'm going with that as being the taxed part.I look forward to receiving a tax rebate at some time in the future. Not a significant amount as I only have a modest investment here, but when you are trying to make a living, every little counts, as they say.Callun
Eadwig
09 Feb 2017
Re: Divi payment due Wed 8th Hardboy,yes, second payments are in today. No tax paid in SIPP, but the tax has been paid in my trading account.Would sceptical persons just note the rise in stock price so far today +0.85% (as people reinvest dividends as per Eadwig Asset Management Theory #107.2b) and that, at best, ii will put in an order for the total amount tomorrow as the actual payments were split in two and came over 2 days.
Hardboy
09 Feb 2017
Re: Divi payment due Wed 8th Of course iii have gone one better in separating the payments and spreading them over 2 days (I hope - haven't checked today.) I only had one payment worth 0.62p per share yesterday. I wrote to complain.
