The Legal and General Worldwide Trust is a fund of funds, investing in index funds from Legal and General Investment Management.
https://fundcentres.lgim.com/en/uk/private-investors/fund-centre/Unit-Trust/Worldwide-Trust/
Tomorrow the UK’s oil major BP pays out its quarterly dividend.
$0.0727 = 5.6825p a share.
https://www.londonstockexchange.com/news-article/BP./total-voting-rights/16499900
The total number of voting rights in BP p.l.c. is 16,707,805,809
Thus:-
16,707,805,809 x £0.056825 = £949,421,065.096425
£949.421065096425 million paid to shareholders = £0.949 Billion
https://www.londonstockexchange.com/stock/BP./bp-plc/company-page
From villains to lovers – Donald Sutherland played them all – BBC News
Tomorrow Shell PLC pays our its June quarterly dividend for 2024
$0.344 = 26.94p a share.
https://www.londonstockexchange.com/news-article/SHEL/voting-rights-and-capital/16448543
Shell plc’s capital as at April 30, 2024, consists of 6,390,616,745 ordinary shares
Thus:-
6,390,616,745 x £0.2694 = £1,721,632,151.103
£1721 million paid to shareholders = £1.721 Billion
https://www.londonstockexchange.com/stock/SHEL/shell-plc/analysis
Today, Friday 21st June, the UK’s largest bank and one of the world’s largest financial institutions, pays out its June 2024 dividend.
$0.31 = 24.3432p a share.
https://www.londonstockexchange.com/news-article/HSBA/total-voting-rights/16498353
The total number of voting rights in HSBC Holdings plc is 18,763,923,138
Thus:-
18,763,923,138 x £0.243432 = £4,567,739,337.329616
That is £4,567.739337329616 Million
That is £4.4567739337.329616 Billion paid to shareholders
https://www.londonstockexchange.com/stock/HSBA/hsbc-holdings-plc/company-page
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. https://www.dmo.gov.uk
https://dmo.gov.uk/data/pdfdatareport?reportCode=D2.1PROF7
Another deficit month, thus to bridge the gap, needs to borrow on the bond market in May 2024, 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” 7 auctions of Gilts (UK Government Bonds) by the UK Debt Management Office to raise cash for HM Treasury:-
29-May-2024 0 1/8% Index-linked Treasury Gilt 2039 3 months £1,000.0000 Million
22-May-2024 4 1/8% Treasury Gilt 2029 £4,567.7500 Million
21-May-2024 4¾% Treasury Gilt 2043 £2,812.5000 Million
15-May-2024 0 7/8% Green Gilt 2033 £3,000.0000 Million
14-May-2024 0 1/8% Index-linked Treasury Gilt 2073 3 months £622.8500 Million
08-May-2024 1½% Green Gilt 2053 £2,500.0000 Million
01-May-2024 4 5/8% Treasury Gilt 2034 £3,750.0000 Million
£1,000.0000 Million + £4,567.7500 Million + £2,812.5000 Million + £3,000.0000 Million + £622.8500 Million + £2,500.0000 Million + £3,750.0000 Million = £18,253.10 Million
£18,253.10 Million = £18.25310 Billion
On another way of looking at it, is in the 31 days in May 2024, HM Government borrowed:- £588.80967741935483870967741935484 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 2029 to 2053. All long-term borrowings, we are mortgaging our futures, but at least “We Are In It Together……“
This article was making the headlines, the value of the US Chip Maker Nvidia.
Nvidia value hits $3tn, overtaking Apple – BBC News
These two graphs explain everything:-
March 2020 (when Covid19 was hitting the world) $51 a share:-
Now roll forward just over 4 years to now, stock price of $1224 a share:-
Today, Unilever PLC, one of the largest food and consumer good companies, pays its June 2024 Dividend.
www.unilever.com
36.74p a share
https://www.londonstockexchange.com/news-article/ULVR/total-voting-rights/16500523
The voting rights attaching to the Unilever Group Shares are 2,500,574,352 shares with voting rights.
Thus:-
2,500,574,352 x £0.3474 = £868,699,529.8848
That is £868 Million paid to shareholders of Unilever
https://www.londonstockexchange.com/stock/ULVR/unilever-plc/company-page
Tomorrow, Thursday 6th June, the UK’s largest money manager and investment management group pays out its June 2024 dividend.
https://group.legalandgeneral.com/en
14.63p a share
Assets under management (AUM) in 2023: £1,159bn = £1.159 Trillion.
https://www.londonstockexchange.com/news-article/LGEN/total-voting-rights/16450948
the total number of voting rights in the Company is 5,979,751,373
Thus:-
5,979,751,373 x £0.1463 = £874,837,625.8699
That is £874 Million paid to shareholders.
https://www.londonstockexchange.com/stock/LGEN/legal-general-group-plc/company-page
Today, one of the worlds largest defence and cyber security companies, BAE Systems, pays out its June 2024 dividend.
https://www.baesystems.com/en/home
18.5p a share.
https://www.londonstockexchange.com/news-article/BA./total-voting-rights/16498303
total voting rights of 3,033,812,079
Thus:-
3,033,812,079 x £0.185 = £561,255,234.615
That is £561 Million paid to shareholders
https://www.londonstockexchange.com/stock/BA./bae-systems-plc/company-page
30th May 2023: – 33,042
24th May 2024: 39,069
