toofast2live wrote:Why, with a 4% yield is Britvic not mentioned more often as a smaller company HYP candidate?
Possibly because you're understating the case? On a dividend of 24.5p and the current share price of 533p, it's got a yield of 4.6%. That's 15% more income than one would get from a 4%-yielder, which is fairly significant in an income-oriented strategy...
As a more serious answer to your question, probably because it's only recently moved back into range (I do remember it having been mentioned before on the TMF boards, probably about 5-10 years ago). Look at a share price chart, and you'll see that its price has fallen quite a bit in the last year from around 700p - a level it had been roughly at for the previous two years. So 1, 2 and 3 years ago, its yield was about 23p/700p = 3.3%, 20.9p/700p = 3.0% and 18.4p/700p = 2.6% - not levels that will get most HYPers excited.
Haven't looked at it properly yet, but it would have made an interesting alternative to Greene King for the current GDHYP purchase: a somewhat lower market cap (£1.4b compared with £2.1b), slightly lower yield (4.6% compared with 4.8%), but better diversified from Marston's, which I think is the closest existing holding to both of them. Oh well, too late now - and I must admit I'm glad there wasn't another candidate, since the current 9 plus the "none of them at all suitable" option maxed out the 10 options on the poll. (Yes, I know that I could ask stooz & Clariman to increase the number, and probably will - but there almost certainly wouldn't have been time to do so this time. What I do have now is evidence that 10 poll options is pretty marginal as regards being adequate, to support asking for an increase.)
Gengulphus
Market seems to like, SP up almost 5% this morning