dropped back some again some sellers ,can be good to see sellers out some times ,especially on a blue day ,wnen hopefully share price may move up more if more buyers who may be watching for a buy in price in , one of my other shares which some other here may hold is wres which is 2% down even after recent good news there and more news expected , so for me its good to look at a blue share this morning like mks ,hoping mks may have a good volume day today and may see share price move up more today and this week
With regards the interim dividend amount mks will pay this year. If you look at historical dividends it tends to not deter to far from 1.7 to 2 times dividend cover to its earnings. So i suspect the dividend will be within this dividend cover range. However mands are generating more free cash flow than they ever have, which is also supportive to a good dividend payment (especially in short term). So i personally think there profits may be little lower than last year, but the dividend will be pretty much the same. Which at current share price and current int rates and current p.e of 11 ish vs ftse 100 avge of 17 having a dividend yield still of 6 per cent, seems to me theres still loads of upside room on these shares.
You do need to buy the shares before the ex div date i.e 17 nov and not before the dividend payment date to be eligible for the dividend.
So if you bought shares after 17 nov you would not be paid that dividend in January. However the mkt is efficient and will drop the same price on ex divi date as is the dividend. i.e if divi was 10p and shares on 16 nov was 340 at close on open will open 330 to allow for the dividend payment, otherwise mkt would arbitrage the share price buying 16 nov and selling 17nov if the share price didnt reflect the ex dividend date.
Thanks fruitster, very informative on your charting. if interim is around 6.8-7p then that is a nice 2% return on todays price.I reckon that they will have to keep divi at similar levels as not to spook the SP any more IMO. Half year will be profits broadly level with last year, and clothing sales down if I were a betting man.
6.8p was last interim divi and is not guaranteed to be next interim amount. However you will find out the exact interim dividend on the next interim results on 8th Nov.
I do think though mands shares are going to test 3.40/3.50 in the coming days, looking at the chart and the triangular formation looking to break out recent ranges. So in my opinion i would probably look to get on board these shares if you are not already long soon.
below is full dividend history of amounts and dates.
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