Given their reputation for big dividends, it is about time that we looked at companies in the Utilities sector. As a start point we cannot consider any companies yielding under 5% on the 3 dividend optimizer in DividendMax. This yields fifteen Electricity companies and what is surprising is that so many of them are from outside the U.K. The gas, water and multi-utilities sector throws up five more companies. Mobile telecoms throws up a couple more and telecoms another fifteen. Thirty seven companies is too big a start point so we will eliminate the Mobile telecoms sector as we have featured Vodafone in a previous dividend of the week. Next, we insist on having a forecast dividend increase and this reduces our list to twenty three. Still too many, so we up the yield criteria to >7% and this makes our list a more manageable 11 companies. From the telecoms sector, we have Belgacom, Mobistar and Kcom group. From the multi-utilities sector we get Centrica and from the Electicity sector, we have EON, RWE, EDF, Iberdrola, Red Electrica, National Grid and SSE. For these companies, dividend cover is not so important as their earnings tend to be very consistent and they can pay high dividends with relatively low cover. In this sector, it is important to consider the consistency of the payout, so we next look only at companies that have increased their annual dividend for at least the past 5 years. This eliminates a good number of companies and to some extent explodes the myth that these companies always increase their dividends.Read more
Centrica is the supply side of the former British Gas. The company supplies gas and electricity and offers a range of home energy solutions and low-carbon products and services.
- Gas, Water & Multiutilities
- 🇬🇧 United Kingdom
- £1.38 Friday's close
52 Week High13.67%22 March 2018
52 Week Low7.43%14 May 2018
Next Ex-Div-Date Countdown
|Ex-Div Date||Pay Date||Year||Type||Frequency||Status||Amount|
|29 Sep 2010||17 Nov 2010||2010||Interim||Semiannually||Paid||3.84p|
|27 Apr 2011||15 Jun 2011||2010||Final||Semiannually||Paid||10.46p|
|28 Sep 2011||16 Nov 2011||2011||Interim||Semiannually||Paid||4.29p|
|25 Apr 2012||13 Jun 2012||2011||Final||Semiannually||Paid||11.11p|
|26 Sep 2012||14 Nov 2012||2012||Interim||Semiannually||Paid||4.62p|
|24 Apr 2013||12 Jun 2013||2012||Final||Semiannually||Paid||11.78p|
|25 Sep 2013||13 Nov 2013||2013||Interim||Semiannually||Paid||4.92p|
|23 Apr 2014||11 Jun 2014||2013||Final||Semiannually||Paid||12.08p|
|24 Sep 2014||12 Nov 2014||2014||Interim||Semiannually||Paid||5.1p|
|30 Apr 2015||25 Jun 2015||2014||Final||Semiannually||Paid||8.4p|
|01 Oct 2015||26 Nov 2015||2015||Interim||Semiannually||Paid||3.57p|
|12 May 2016||23 Jun 2016||2015||Final||Semiannually||Paid||8.43p|
|13 Oct 2016||24 Nov 2016||2016||Interim||Semiannually||Paid||3.6p|
|11 May 2017||29 Jun 2017||2016||Final||Semiannually||Paid||8.4p|
|12 Oct 2017||30 Nov 2017||2017||Interim||Semiannually||Paid||3.6p|
|10 May 2018||28 Jun 2018||2017||Final||Semiannually||Paid||8.4p|
|11 Oct 2018||22 Nov 2018||2018||Interim||Semiannually||Paid||3.6p|
Centrica optimized dividend - 12 month history
Centrica share price - 12 month history
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