simoan wrote:I was only pointing out that the vast majority of the market has no interest in the dividend and so a 20% increase is not going to move the share price on its own.
Yes, I agree entirely Diploma investors are not the typical 'equity income' holders and your point is absolutely valid.
However, I do find it noteworthy that the proportional increase in the interim dividend is significantly higher than existing 'consensus' forecasts for the full year payout. Perhaps they will slow the growth in the final accordingly, but this is on the surface a very positive signal of confidence.
Best wishes
Mark.