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Friday Email: 24 February 2017

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 FTSE 100 has stuck to its relatively narrow trading range and is pretty much level on the week which might suggest that there is little going on, but from a reporting perspective that was a very busy week. In the main the numbers coming from companies were pretty good and the dividend picture remains very robust.

From time to time we have a look at some of the big dividends due to go ex in the next week and Centamin stands out as a pretty hefty yield alongside the very high payout from Plus 500. Plus 500 have been trading well as their current business stands but there are regulatory issues surrounding the industry which makes their future somewhat uncertain. The other thing to be aware of is the Israeli withholding tax which is a pretty hefty 25%, so any expected payout must be reduced by that.

Both companies are paying their dividends in US dollars with Centamin paying 13.5 cents a share and Plus 500 are paying a 37.99 cents final dividend and a 27.29 cents special dividend.

The week ahead is also very busy with the reporting season in full swing and there are number of FTSE 100 companies reporting including ITV, Direct Line, Admiral, Taylor Wimpey and WPP.

New into DividendMax this week at the request of a member we have Numis.

This email was originally sent on Friday 24 February 2017

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.

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