Friday Email: 23 March 2018
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 continued its bad run this week and is now trading below 7000 for the first time in over a year. It currently stands at 6884, down over 750 points on the year, almost 10%. It is starting to look overdone to me, but markets can and often do stretch the nerves of investors.
The past week has been quite busy and with some good dividend increases including Softcat (13.8%), Mortgage Advice Bureau (17%), Bellway (28%), Polypipe (9.9%), Ted Baker (12.1%) and Sanne Group for 31.3%.
The week ahead is also reasonably busy with a good level of corporate activity albeit we are slowing down now as the main reporting season draws to a close.
Going ex-dividend this week with a dividend yielding more than 2% from the single payout we have 4imprint (4% - 2.4% from a special and 1.6% from their final ordinary dividend) and Bovis Homes with 2.7% from their final dividend.
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: 16 March 2018
The FTSE 100 has fallen about 80 points this week as the market remains jittery. There were plenty of double digit dividend increases declared this week including Clarkson (12%), John Menzies (11%), Antofagasta (177%), Fevertree (70.4%), Brooks Macdonald (13.3%), EMIS (10%), Morrisons (12.2% plus special), Burford Capital (20%), Marshalls (17.5% plus special), Onesavings Bank (22%), Cineworld (14.5%) and Spirax-Sarco with 16%.
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