Pearson Interim results for the six months to 30th June 2021 posted on Company News.

[idpickering]

Here; viewtopic.php?p=431345#p431345

I believe some HYPers hold PSON so this should be of interest here; The item includes this;

The directors are declaring an interim dividend of 6.3p per equity share, payable on 20 September 2021 to shareholders on the register at the close of business on 13 August 2021. This interim dividend, which will absorb an estimated £48m of shareholders' funds, has not been included as a liability as at 30 June 2021.

Ian.

[Gengulphus]

A 5% rise on last year's 6p. That's after Pearson held its dividend last year, but of course holding a dividend last year is a good deal better than many other HYP candidates managed, so IMHO it's one of the more forgivable HYP 'sins'. Its cut by about 2/3rds back in 2017 is rather worse, and although it's been recovering decently since then (apart from last year's hold), it takes over 20 years of 5%ish rises to recover from a cut by 2/3rds... Of course, once the damage is done, there's a 'no use crying over spilt milk' principle: recovering the lost income is likely to take many years no matter which share the capital is redeployed into.

Its yield of 2.35% is of course quite a bit too low to qualify as a new HYP purchase. So it only poses a question for those who (like me) already have it in their HYPs, and it's the classic one: stick with the devil you know, or jump into the arms of another that might turn out to be worse...

Gengulphus