Plumbing group Ferguson surged yesterday after proposing a reinstated dividend and slightly beating expectations for full-year sales. The group’s revenues dipped 0.9pc to $21.8bn (£17bn) over the year to the end of July, while its profit before tax dipped 4.8pc to $1.26bn. Ferguson said it had maintained “good gross margin […]
Dividend
Next’s dividend and negative interest rates could shape the market this week
The FTSE 350 crept up 1pc last week whilst European and American markets fluctuated. Oil prices remained on the back foot at the end of a volatile week, staying below $40 (£31.20) per barrel, an important threshold for both oil stocks and major oil producing countries. Gold prices only shone intermittently […]
Banks could be free to restart dividend payments within months
Investors and bankers said they are aware that any dividend payouts will depend heavily on how the rest of the year pans out following the deepest recession in centuries. Industry chiefs are determined to avoid criticism for profiting from the pandemic and have not lobbied hard for a rapid dividend restart. Many […]
Britain is no longer a dividend champion. Where is best for income now?
Britain’s high-yield stocks have attracted many investors desperate for income, but their importance is waning. In 2009, £1 in every £10 paid in dividends globally came from British companies. Last year it was down to £1 in £13 as firms in other areas such as Asia started to pay out […]
can ‘dividend hero’ trusts maintain their records as Covid lays waste to income?
Will 2020 be the year that the so-called “dividend hero” trusts finally fall to earth? These are the quoted funds that have increased their dividends annually for at least the past 20 years. Some have managed to raise the payment every year for more than half a century. We can be sure […]