Today, the life insurer and asset manager Standard Life will pay its May dividend. (Tue 24th May 2016)
The former mutual is a power house in pensions and investments. To put things in context they have £307.4 Billion under management. (That is about 20% of UK annual GDP)
BT the most dynamic telecommunications and media company, has its money purchase scheme managed by Standard Life
http://www.btretirementsavingscheme.com/bt/
Today Standard Life will pay 12.34p per share to shareholders.
http://www.shareshop.hsbc.co.uk/shareshop/security.cgi?csi=186960&action=
That is a yield of 5.5%
How much has Standard Life paid out today to its shareholders ?
The share capital issued by Standard Life is 1,975,305,518 shares.
Thus:-
1,975,305,518 x £0.1234 = £243,752,700.92
That is £243 million. Lucky shareholders who own such a wonderful asset.