Dividendmax equivalent for bonds?

jake_jones99

Would anyone know where to find the coupon dates of a bond, together with the payments and ex-dividend dates?
Currently I am using the bond ISIN (take, for example, GB00B7Z53659) and looking it up on London Stock Exchange. It tells you the next coupon, but without the ex-dividend date, and in some cases it doesn't even show the coupon date. There must be a place where the dates, ex-div dates, payment values are clearly listed, similarly to dividendmax for stocks? Thanks in advance!

wmb194

jake_jones99 said:

Would anyone know where to find the coupon dates of a bond, together with the payments and ex-dividend dates?
Currently I am using the bond ISIN (take, for example, GB00B7Z53659) and looking it up on London Stock Exchange. It tells you the next coupon, but without the ex-dividend date, and in some cases it doesn't even show the coupon date. There must be a place where the dates, ex-div dates, payment values are clearly listed, similarly to dividendmax for stocks? Thanks in advance!

That's an ISIN for a gilt and gilts are easy, just go to the DMO's website.



https://www.dmo.gov.uk/data/pdfdatareport?reportCode=D1A

For others, I'm not sure. Bonds just aren't popular. Tradeweb?

jake_jones99

wmb194 said:

jake_jones99 said:

Would anyone know where to find the coupon dates of a bond, together with the payments and ex-dividend dates?
Currently I am using the bond ISIN (take, for example, GB00B7Z53659) and looking it up on London Stock Exchange. It tells you the next coupon, but without the ex-dividend date, and in some cases it doesn't even show the coupon date. There must be a place where the dates, ex-div dates, payment values are clearly listed, similarly to dividendmax for stocks? Thanks in advance!

That's an ISIN for a gilt and gilts are easy, just go to the DMO's website.



https://www.dmo.gov.uk/data/pdfdatareport?reportCode=D1A

For others, I'm not sure. Bonds just aren't popular. Tradeweb?

Thanks for the swift reply. I know that document, but it's still a bit confusing, because there is only one ex-dividend date, but two dividend dates. Is it implied that the second Ex-Dividend date is a few days before the next dividend date? The Government website says that the ex-dividend date is 7 days before the coupon date: 
https://www.gov.uk/hmrc-internal-manuals/savings-and-investment-manual/saim4020

Assuming that the coupon date is the same as the dividend date, this would create some contradiction with DMO (7 days vs 9-10), unless there's something I'm missing. Thanks!

eskbanker

jake_jones99 said:
The Government website says that the ex-dividend date is 7 days before the coupon date: 

https://www.gov.uk/hmrc-internal-manuals/savings-and-investment-manual/saim4020

Assuming that the coupon date is the same as the dividend date, this would create some contradiction with DMO (7 days vs 9-10), unless there's something I'm missing. Thanks!

7 business days, so 9-11 calendar days, except around bank holidays:

For gilts, the ‘ex div’ period is 7 business days before the coupon date.

Adyinvestment

What would be useful (to me at least) is a site that lists all the gilts, that can be sorted by yield to maturity if purchased today.

I have found some online calculators where you can put in the individual gilt details, but it is a bit of a faff working out month's to maturity and putting in the price/coupon rate frequency etc

Is there a site that does this in a sortable list?

jake_jones99

Adyinvestment said:

What would be useful (to me at least) is a site that lists all the gilts, that can be sorted by yield to maturity if purchased today.

I have found some online calculators where you can put in the individual gilt details, but it is a bit of a faff working out month's to maturity and putting in the price/coupon rate frequency etc

Is there a site that does this in a sortable list?

I agree that would be very useful, I was working it out today and you need to look at a lot of factors. What calculators are you using, and do you know any good resources for the formula? Thanks!

Adyinvestment

I just searched for "bond yield calculator" and loads of them came up, most seem similar but I have not used them very much, I don't know any good resources - I am very new to bonds.

masonic

Adyinvestment said:

What would be useful (to me at least) is a site that lists all the gilts, that can be sorted by yield to maturity if purchased today.

I have found some online calculators where you can put in the individual gilt details, but it is a bit of a faff working out month's to maturity and putting in the price/coupon rate frequency etc

Is there a site that does this in a sortable list?

Have you given Tradeweb a try? https://reports.tradeweb.com/closing-prices/gilts/

(edit: wmb194 did mention it already, but maybe that was missed)

GeoffTF

masonic said:

Adyinvestment said:

What would be useful (to me at least) is a site that lists all the gilts, that can be sorted by yield to maturity if purchased today.

I have found some online calculators where you can put in the individual gilt details, but it is a bit of a faff working out month's to maturity and putting in the price/coupon rate frequency etc

Is there a site that does this in a sortable list?

Have you given Tradeweb a try? https://reports.tradeweb.com/closing-prices/gilts/

(edit: wmb194 did mention it already, but maybe that was missed)

Tradeweb provides numbers relating to the last closing price. It does not do this until 2 p.m. on the next business day. You could generate more up to date numbers by screen scraping the London Stock Exchange website for 15 minute delayed prices and doing the calculation yourself. You could do that with a Python program, or perhaps Google Sheets, if you have the necessary skills.

Adyinvestment

Thanks Masonic (I had missed wmb194 reference)

Tradweb looks to be based more for professionals, I can see an account needs to be registered before you can view anything, is this free for the occasional retail user?

masonic

Adyinvestment said:

Tradweb looks to be based more for professionals, I can see an account needs to be registered before you can view anything, is this free for the occasional retail user?

It's a free signup and it doesn't require you to be a professional (I'm certainly not).