Friday Email: 20 March 2020
Every Friday morning our lead analyst Mark Riding sends out his weekly run-down and upcoming events in the investor calendar, like this one:
It does not seem like it, but the FTSE 100 is actually trading up slightly this week and is trading at 5382 as at 8.15 in as volatile a market as we have ever seen. From a dividend perspective this week has been unprecedented. In the 9 years or so that DividendMax has been operating we have only seen a declared dividend overturned a few times; most notably by BP following Deepwater Horizon.
This morning we saw Travis Perkins 'suspend' their declared dividend and Intercontinental Hotels Group also 'withdrew' their declared dividend. Additionally, Marks & Spencer will not pay a final dividend this year and JD Wetherspoon also cancelled their Interim dividend.
On Thursday National Express stated that they are 'monitoring' their declared dividend, Playtech cut their declared dividend, Crest Nicholson cut their declared dividend, Elementis cut their declared dividend, Portmeirion reported no final dividend to conserve cash, NewRiver REIT reported that their Q4 dividend will be cut and Next plc deferred 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: 13 March 2020
The FTSE 100 has had another very bad week as Coronavirus fears grip the markets. It had fallen over 20% at one point and is currently down around 15% with very high volatility.
— Interested in a free trial? —