Friday Email: 10 November 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 had a down week falling about 90 points.
The past week has seen decent dividend increases from workspace (up 30%) and Vedanta resources (up 20%). Imperial brands increased its dividend by the usual 10% and Associated British foods produced its first double digit full year increase in four years (11.6%). Auto Trader increased its dividend by 11.7%.
The week ahead gets busy with plenty of companies that we cover reporting to the market. Going ex on Thursday for a yield of over 2% from the single dividend we have Marks & Spencer (2.1%) and Vedanta Resources who declared this morning for 2.1%. Please note that Gattaca announced the amount of their dividend earlier this week (17p), but have so far not released the ex-dividend date or payment date and so it remains flagged as an estimate in DividendMax. The yield from the single dividend is 5.5%.
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: 03 November 2017
The FTSE 100 has had a good week and is up about 75 points having reacted favourably to the Bank of England MPC raising interest rates by 0.25% on Thursday. This is the start of what is expected to be a very gradual process to 'normalise' interest rates. This means that the substantial yield gap between equities and bank interest will remain for a good wile yet. With the Bank of England expecting inflation to peak at 3.2%, this leaves interest bearing deposits eroding your capital in real terms.
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