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Friday Email: 01 April 2016

Every Friday morning our lead analyst Mark Riding sends out his weekly run-down and upcoming events in the investor calendar, like this one:

The past shortened week has seen more volatility in the stock market with the sequence from Tuesday being down, up, down and today we are down for an overall loss on the week and the month. For March the FTSE 100 is down about 70 points. As always when the markets are tough, the bulk of any returns comes from dividends. Market uncertainly will continue as the oil price and the dollar fly around and of course in the UK we have the added uncertainty of the Brexit vote which will not help the UK markets at all.

Next has continued to fall after last week in spite of the company making market purchases for cancellation. They are still on a PE of around 13x, so they still do no look super cheap, but they are headed that way and are well below their buyback level of £69, which is the level at which they believe any purchases for cancellation will be enhancing to earnings.

The week ahead is quiet in terms of earnings reports, but is extremely busy on the ex dividend front as a result of the reporting season that has just passed. There are around 40 companies that we cover going ex-dividend this coming Thursday.

Those of note with a yield of over 3% from the single dividend are BBA Aviation (3.05%), Pearson (3.75%), Aviva (3.05%), Chesnara (4.02%) Vesuvius (3.37%) and Entu (4.44%).

This situation continues throughout April with well over 100 companies going ex dividend this month.

New into DividendMax this week are Harvey Nash and Caledonia mining corporation.

This email was originally sent on Friday 01 April 2016

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.

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