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24 Nov 2015
“Eroded” dividend support and “top ten” update
Aberdeen Asset Management (ADN:LON), 0 | Bodycote plc (BOY:LON), 789 | Elementis plc (ELM:LON), 170 | Hansard Global plc (HSD:LON), 53.0 | Jupiter Fund Management plc (JUP:LON), 184 | Victrex plc (VCT:LON), 692 | Braemar PLC (BMS:LON), 214 | Cobham (COB:LON), 0 | Cobham (COB:LON), 0 | Fenner (FENR:LON), 0 | Oxford Instruments plc (OXIG:LON), 2,658 | TT Electronics plc (TTG:LON), 124 | Weir Group PLC (WEIR:LON), 3,504 | ZIGUP PLC (21W:FRA), 0
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“Eroded” dividend support and “top ten” update
Aberdeen Asset Management (ADN:LON), 0 | Bodycote plc (BOY:LON), 789 | Elementis plc (ELM:LON), 170 | Hansard Global plc (HSD:LON), 53.0 | Jupiter Fund Management plc (JUP:LON), 184 | Victrex plc (VCT:LON), 692 | Braemar PLC (BMS:LON), 214 | Cobham (COB:LON), 0 | Cobham (COB:LON), 0 | Fenner (FENR:LON), 0 | Oxford Instruments plc (OXIG:LON), 2,658 | TT Electronics plc (TTG:LON), 124 | Weir Group PLC (WEIR:LON), 3,504 | ZIGUP PLC (21W:FRA), 0
- Published:
24 Nov 2015 -
Author:
Singer CM Team -
Pages:
6 -
In our recent note “Income support – “the top ten”” dated 9th November, we screened large and mid-cap stocks for characteristics that were supportive of positive “dividend surprise”. In this note we briefly update on the latest news flow at those top ten stocks and run a new screen of the same universe of companies, looking for eroded dividend support, which has been taking place over a period of time. In some cases this could potentially lead to dividend disappointment, which is usually a significant alpha event. 8 stocks emerged and we comment briefly on these in this note, in the case of N Brown reaffirming our positive fundamental stance.