Friday Email: 03 April 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:
The FTSE 100 is up approximately 350 points on the week and still subject to very high volatility as the virus continues to affect the markets.
We have seen a very large number of rescinded dividends this past week as companies seek to preserve cash in the face of the lockdown and this is affecting members portfolios.
We continue to work tirelessly to keep up to date with events as the normal rules seem to be changing. Covid announcements of dividend rescindments are usually following the established rules and are being announced by companies at 7am before the market opens, but there have been a good number after market open.
The scale of the move is now apparent and further rescindments and announcements by companies that they will not pay dividends will come in the next few weeks. Until the lockdown is over, most companies and many sectors will be unable to operate normally. We believe that dividends will be affected over a period of 6 to 12 months.
We would like to thank all of our clients for their kind and supportive messages during the past week and hope that you are all in good health.
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.