Gengulphus wrote:Their last final dividend was 12.39p for their financial year ending in March 2019, which makes 5p a 59.6% cut from that, and their last full-year dividend was 18.57p for that same financial year, so 9p is a 51.5% cut from that. So while the reinstatement of its dividend is good news, it's rather feeble good news as good news goes...
Gengulphus
Not only that, but end March 2019 the SP was only 232p, giving a 7.5% forecast divi.
Ideally though we’d all have bought toward the end of March 2020 at between 70-80p and an advertised forward yield of 15%.
As it is, if they’re going to do 5p + 9p this year, 14p/80p would’ve been 17.5% on cost.
Hindsight’s a wonderful thing.