moorfield wrote:And the important bits (which we already knew):• Intention to recommend a final dividend of 60.2p for payment on 22 September 2022, representing a
weighted average annual RPI rate of 5.8%, making a full-year dividend of 85.7p per share.
• Continue to target RPI increase for FY23 followed by rebase to 60p in FY24, with attractive annual
growth of at least 5% to FY26.
So, a ~30% dividend cut coming down the track in two years time, taking perhaps another seven (ish) years growth at 5% to get back to current nominal level. God knows what inflation will do to the real value of that dividend in the meantime, perhaps halve it.
Personally I am not persuaded to buy more of a share near its all time high price, for income, knowing that cut is coming. No, it's more ITs for me...
Thanks, I am partially in the same frame of mind. But the income producing ITs are going to be at or close to ATHs too? Kind of a quandary, I think?