Monthly Archives: August 2023

Unilever August 2023 Dividend

Unilever, the consumer goods giant today pays out its August dividend, 31st August.

37p a share.

As at 31 July 2023, there were 2,515,127,965 shares with voting rights.


2,515,127,965 x £0.37 = £930,597,347.05

That is £930 million paid to shareholders.

Courtesy of the London Stock Exchange.

Greencoat UK Wind August Dividend

Today, Greencoat UK Wind, pays out its August dividend.

2.19p a share.

It has 2,318,483,353 issued ordinary shares on issue


2,318,483,353 x £0.0219 = £50,774,785.4307

That is £50.774 Million paid to shareholders.

Courtesy of The London Stock Exchange

Bellevue Healthcare Trust plc

The Bellevue Healthcare Trust plc is long-only investment trust invested in listed or quoted global healthcare equities.

Bellevue Healthcare Trust

Bellevue Healthcare Trust intends to invest in a concentrated portfolio of listed or quoted equities in the global healthcare industry. The investable universe for the fund is the global healthcare industry including companies within industries such as pharmaceuticals, biotechnology, medical devices and equipment, healthcare insurers and facility operators, information technology (where the product or service supports, supplies or services the delivery of healthcare), drug retail, consumer healthcare and distribution. There are no restrictions on the constituents of the funds portfolio by index benchmark, geography, market capitalisation or healthcare industry sub-sector. Bellevue Healthcare Trust will not seek to replicate the benchmark index in constructing its portfolio. The fund takes ESG factors into consideration while implementing the aforementioned investment objectives.

Top Ten Holdings: Courtesy of the Bellevue Healthcare Trust plc
Top Ten Holdings: Courtesy of the Bellevue Healthcare Trust plc

Henderson Far East Income

The Henderson Far East Income is a London listed investment trust.

The Company seeks to provide shareholders with a growing total annual dividend per share, as well as capital appreciation, from a diversified portfolio of investments from the Asia Pacific region.

Total Assets (As of 31/07/2023): 403.53M

Top 10 holdings:-

Bank of Communications 4.82% of the fund
Taiwan Semiconductor Manufacturing 3.85% of the fund
Hon Hai Precision Industry 3.83% of the fund
Samsung Electronics 3.71% of the fund
Macquarie Korea Infrastructure Fund 3.39% of the fund
Vinacapital Vietnam Opportunity Fund Ltd USD 2.97% of the fund
Ping An Insurance Group Co of China 2.93% of the fund
Midea Group 2.91% of the fund
Rio Tinto 2.76% of the fund
BHP Group 2.69% of the fund

Courtesy of JanusHenderson
Courtesy of The London Stock Exchange

HM Government Borrowings: July 2023

Another month, guess what, take a lucky guess, it is the same old story, HM Government, spends more money than it receives via taxes and duties.
Now we are in a post Covid 19 world. UK’s HM Government needs to fund many new demands. []

Another deficit month, thus to bridge the gap, needs to borrow on the bond market in July 2023, the HM Government had to borrow money to meet the difference between tax revenues and public sector expenditure. The term for this is the PSNCR: The Public Sector Net Cash Requirement. There were “only” 6 auctions of Gilts (UK Government Bonds) by the UK Debt Management Office to raise cash for HM Treasury:-

25-Jul-2023 3¾% Treasury Gilt 2038 £3,000.0000 Million
19-Jul-2023 4½% Treasury Gilt 2028 £3,750.0000 Million
18-Jul-2023 3¾% Treasury Gilt 2053 £2,500.0000 Million
12-Jul-2023 3¼% Treasury Gilt 2033 £3,500.0000 Million
05-Jul-2023 3½% Treasury Gilt 2025 £4,643.0590 Million
04-Jul-2023 1½% Green Gilt 2053 £2,000.0000 Million

£3,000.0000 Million + £3,750.0000 Million + £2,500.0000 Million + £3,500.0000 Million + £4,643.0590 Million + £2,000.0000 Million = £19,393.059 Million

£19,393.059 Million = £19.393059 Billion

On another way of looking at it, is in the 31 days in July 2023, HM Government borrowed:- £625.58254838709677419354838709677 Million each day for the 31 days.

We are fortunate, while the global banking and financial markets still has the confidence in HM Government to buy the Gilts (Lend money to the UK), the budget deficit keeps rising. What is also alarming, is the dates these bonds maturing from 2025 to 2053. All long-term borrowings, we are mortgaging our futures, but at least “We Are In It Together……

Caledonia Investments

Caledonia Investments is a self-managed investment trust listed on the London Stock Exchange. Our experienced team manages assets of circa £2.8bn across an international, multi-asset portfolio, with a focus on companies that have the potential to generate exceptional long-term shareholder value.

Courtesy of The Caledonia Investment Trust PLC

Courtesy of The London Stock Exchange
Courtesy of The Caledonia Investment Trust

Interest payments on the US Governments Debt (The Federal Government Debt)

The US Government spends more that it earns in income tax revenue, as the chart below shows.

Courtesy of Peter G. Peterson Foundation

In 2022, the federal government spent $476 billion on net interest costs on the national debt. That total, which grew by 35 percent from $352 billion in 2021, was the largest amount ever spent on interest in the budget, and equalled nearly 2 percent of gross domestic product (GDP). Interest costs are on track to become the largest category of spending in the federal budget. See the graph below on the project trends of US Government interest payments… a wise man once told me….”They are off the chart

Courtesy of Peter G. Peterson Foundation

Vodafone August 2023 dividend

Yesterday, Friday 4th August, Vodafone PLC paid out its August 2023 dividend.

Final dividend (eurocents per ordinary share) 4.50
FX €:£ 0.85860
Pence per ordinary share 3.86370

The total number of voting rights in Vodafone is 27,063,609,610


27,063,609,610 x £0.0386370 = £1,045,656,684.50157

That is £1.045 Billion paid to shareholders

United Utilities August 2023 Dividend.

On Tue 1st Aug, the FTSE100, United Utilities, (Formed from the merger of North West Water and Norweb), pays out its August 2023 dividend.

30.34p a share

At 31 March 2023, the issued share capital of the company was £499,819,926 divided into 681,888,418 ordinary shares of 5 pence each and 273,956,180 deferred shares of 170 pence each. Details of our share capital and movements in our issued share capital are shown in note 22 to the financial statements on page 258. The ordinary shares represented 71.3 per cent and the deferred shares represented 28.7 per cent
respectively of the shares in issue as at 31 March 2023. All our ordinary shares have the same rights, including the rights to one vote at any of our general meetings, to an equal proportion of any dividends we declare and pay, and to an equal amount of any
surplus assets, which are distributed in the event of a winding-up. Our deferred shares convey no right to income, no right to vote and no appreciable right to participate
in any surplus capital in the event of a winding-up


681,888,418 x £0.3034 = £206,884,946.0212

That is £206 million

Courtesy of The London Stock Exchange