Friday Email: 27 September 2013
Every Friday morning our lead analyst Mark Riding sends out his weekly run-down and upcoming events in the investor calendar, like this one:
That was a very quiet week with only three dividend declarations. AG Barr increased its interim dividend by 8%. Close Brothers increased its full year dividend by 7% and finally S & U increased its first interim by 17%. S & U are an unusual stock in that it pays three dividends annually, with two interim dividends and a final. No companies that we cover reported on Thursday or Friday. We were cautious of the market last week and still remain so. Our stance was partially vindicated by a fall of 40 points on the FTSE 100 over the week so far. But it has hardly been dramatic stuff.
We added Smiths Group to the trading portfolio as we chase after the 57p of dividend that will come our way if we hold until 27th November. (That is a 27p final dividend and a special dividend of 30p which both go ex-dividend on the same day)
Next week is as quiet as the week just past with Wolseley (finals) and Tesco (Interims) being the large caps reporting. We also have Ted Baker producing its interim results. There are thirteen companies going ex-dividend next Wednesday.
We are currently working hard to add in multiple portfolios to DividendMax as well as some other enhancements, which we expect to be live by mid-October.
The Friday email is delivered to over 20,000 subscriber’s every week, and remains a widely read run-down of recent events and what investors can expect in the week ahead written by our chief analyst Mark Riding.
It’s included as part of the free DividendMax trial.
Read next: 20 September 2013
That was a very quiet week on the corporate front with Galliford Try being the star performer after it posted a 23% increase in the full year dividend. Redrow, as we expected returned to the dividend list with a 1p final dividend and Smiths group posted a 4% dividend increase and threw in a special dividend of 25p per share. The stock market still lacks direction at the moment in the UK as the Dow and the S&P hit all time highs. The FTSE 100 is up slightly on the week following Thursdays bounce on the back of QE tapering in the US not being quite as imminent as thought.
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