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… Read More
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… Read More
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.
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