Aviva Dividend up 12%

Image courtesy of Ambro at FreeDigitalPhotos.net

The insurance company Aviva have today released their final results for 2016, and I love the opening statement

 “Aviva’s results are simple and clear cut: more operating profit,  more capital, more cash, more dividend. And there is more to come.”

The report then went on to report that operating profit was up 12%, and their total dividend for the year was up by the same amount. The real potential icing on the cake was the statement

” We are now actively planning a capital return to our shareholders and debt reduction  in 2017″

As a result of this increase I will receive £841.50 compared to last years £669.15 (although this would have been £748.80 if I held the same number of shares last year – I bought additional shares in Aviva in October 2016). So an increase of £92.70 or 12.37% based on a consistent number of shares, which was again achieved by doing nothing other than taking about 5 minutes to place an order on the Barclays Stockbrokers website to buy the shares.

I have to say it is a welcome increase, as last week I had the worst possible news when Interserve did not pay any final dividend, so a 100% fall compared to last year, however this is why I hold shares in several companies, as the increase in Aviva has more than offset the fall in Interserve, and should help to ensure I receive an increase in dividends that comfortably beats inflation.

The really great news about this dividend increase is that the share price has increased by 6%, thereby increasing the value of my shareholding at a time when I shortly will be looking to start taking cash out of my investments to fund my FIRE.

Hopefully I will have many more Aviva’s than Interserve’s!

3 thoughts on “Aviva Dividend up 12%

    1. Financial Independence UK Post author

      Hi DIY

      Thanks for your best wishes, and hopefully it won’t necessarily be too leisurely but packed with things to do. Of course all at my time of choosing.

      Just have to say, I do like your updates on the companies, IT’s and funds reports, as it certainly provides some good pointers to income and performance from many sources for my future, as I am still primarily in individual companies, but will be moving to investment trusts, etf’s or funds to minimise the number of sales I will need to make to get money from my SIPP/ISA.

      Best Wishes


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