Virgin Money UK PLC provides banking products and services for consumers, and small and medium sized businesses under the Clydesdale Bank, Yorkshire Bank, and Virgin Money brands in the United Kingdom. The company offers savings and current accounts, mortgages, credit cards, and home loans; business loans, overdraft facilities, treasury solutions, and corporate and structured finance; asset and invoice finance services; risk management; international trade services; and home, car, and life and critical illness insurance products. It also offers online and mobile banking, and telephone banking services. The company was formerly known as CYBG PLC and changed its name to Virgin Money UK PLC in October 2019. Virgin Money UK PLC was founded in 1838 and is headquartered in Glasgow, the United Kingdom.
Virgin Money UK Dividend Announcement
• Virgin Money UK announced a semi annually dividend of $0.02 per ordinary share which will be made payable on 2024-07-30. Ex dividend date: 2024-06-27
• Virgin Money UK annual dividend for 2024 was $0.04
• Virgin Money UK annual dividend for 2023 was $0.11
• Virgin Money UK's trailing twelve-month (TTM) dividend yield is 2.25%
• Virgin Money UK's payout ratio for the trailing twelve months (TTM) is 49.07%
Virgin Money UK Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-27 | $0.02 | semi annually | 2024-07-30 |
2024-02-22 | $0.02 | semi annually | |
2023-05-18 | $0.03 | semi annually | 2023-06-21 |
2023-02-09 | $0.07 | semi annually | 2023-03-15 |
2022-05-19 | $0.03 | semi annually | 2022-06-21 |
2022-02-10 | $0.01 | semi annually | 2022-03-11 |
2019-01-17 | $0.06 | semi annually | 2019-02-15 |
2018-01-18 | $0.02 | semi annually | 2018-02-16 |
Virgin Money UK Dividend per year
Virgin Money UK Dividend growth
Virgin Money UK Dividend Yield
Virgin Money UK current trailing twelve-month (TTM) dividend yield is 2.25%. Interested in purchasing Virgin Money UK stock? Use our calculator to estimate your expected dividend yield:
Virgin Money UK Financial Ratios
Virgin Money UK Dividend FAQ
Other factors to consider when evaluating Virgin Money UK as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Virgin Money UK's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Virgin Money UK publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Virgin Money UK distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Virgin Money UK are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Virgin Money UK sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Virgin Money UK distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Virgin Money UK declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Virgin Money UK's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Virgin Money UK's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.