Dividends of the week – Resolution Ltd and Ferrovial
This week we are going to use DividendMax to highlight a selection of dividend yields that look crazy. Our selection criteria is simple. All dividends with an annualised yield of over 10% over the next 3 dividends that are due / expected. The dividends of the week will be the one that we think looks the most plausible in the UK and one from Europe.
Our initial criteria revealed too many stocks with 18 over 10%. The geographic spread is interesting:
U.S. none Spain Eight U.K. Four Belgium two Portugal two France two
This says a lot about the woes of Europe at the moment, but we need more critria to shrink the list. Dividend cover greater than 1 shrinks the list to twelve. We then use market Cap > 2Billion The final criteria that we will use is, will the dividend increase. This brings the list down to a manageable level of 6 stocks.
Top of the list is ACS of Spain, followed by Ferrovial of Spain, who announced a whopping interim dividend of 1 euro last week. Next comes EDF and Resolution Ltd. Finally, Gas Natural and Iberdrola of Spain. For readers who do not venture out of the U.K, Resolution is the choice of the U.K. stocks. It is some way before any dividend is expected (April 2013). The annualised yield is just over 12%, with decent cover of 1.5.
For those of you who want some short term income and are happy to look abroad, my dividend of the week is Ferrovial, paying out 1 Euro against a price of Euro 11.45. These guys are not small and whilst exposed to Spain, they do have major assets that we all know with Heathrow and other U.K. airports following their takeover of B.A.A a few years back. According to my research, they go ex-dividend and pay the dividend on the 13/12/12, which is this coming Thursday. Check with your broker that you qualify for the dividend, which yields over 8% just for this one dividend.
As set out at IPO in September 2016, the Hollywood Bowl Board has adopted a progressive ordinary dividend for the Group, reflecting its strong cash flow and profit, whilst allowing it to retain sufficient capital to fund its investment in existing centres as well as new centres, all to drive the long-term sustainable profitability of the business.Read more
The Electra plc Board has declared a first Special Dividend FY20 of £12 million or 31p per share payable on 24 January 2020 to shareholders on the register at close on 27 December 2019.Read more
The Dixons Carphone Board has declared an interim dividend of 2.25p per share. The ex-dividend date is 24 December 2019, with a record date of 27 December 2019 and an intended payment date of 24 January 2020.Read more
The Board of Directors of Highland Gold Mining Limited ("Highland Gold" or the "Company", AIM: HGM) have approved the payment of a second interim dividend for 2019 in the amount of £0.05 per share, to be distributed to shareholders on 17 January 2020. The ex-dividend date is 19 December 2019 and the record date is 20 December 2019.Read more
As announced in February 2019, the Anglo Pacific Group will pay a quarterly base dividend of 1.625p per share in respect of Q3 2019, with the final dividend for the year ended 31 December 2019 being announced in Q1 2020. The cumulative total dividends for the year ended 31 December 2019 will be no less than 9p per share.Read more
Fuller Smith & Turner announce an interim dividend of 7.80p (H1 2019: 7.80p) per 40p 'A' and 'C' ordinary share and 0.780p (H1 2019: 0.780p) per 4p 'B' ordinary share. This will be paid on Friday 10 January 2020 to shareholders on the register as at Friday 20 December 2019.Read more
Superdry announce today an interim dividend of 2.0 pence per share (1H19: 9.3 pence per share). The interim dividend will utilise an estimated £1.6m of shareholders' funds. The interim dividend will be paid on 24 January 2020 to shareholders on the register at the close of business on 20 December 2019.Read more
Stagecoach Group plc have maintained the interim dividend at 3.8p per share. The 3.8p dividend is payable to shareholders on the register at 24 January 2020 and will be paid on 4 March 2020.Read more
Begbies Traynor declare an increased interim dividend of 0.9p (2018: 0.8p), an increase of 13%, which builds on the increases over the two previous years and reflects their confidence in sustaining their financial track record of earnings growth. They remain committed to a long-term progressive dividend policy which takes account of the market outlook, earnings growth and investment plans.Read more
In line with its policy of providing a progressive dividend, having regard to both underlying profit and cash generation and to sustainability through the economic cycle, the Ashtead Group Plc Board has increased their interim dividend to 7.15p per share (2018: 6.5p per share). This will be paid on 5 February 2020 to shareholders on the register on 17 January 2020.Read more