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BUZZ-Stobart: best day ever as investors gear for larger payouts

Thu, 30th Jun 2016 08:51

** Stobart Group +c.13% & on track for best dayever after support services co says plans to increase level &frequency of divs

** Co says expects to pay quarterly div of probably 3p,starting in Oct

** Stifel hikes TP to 200p from 155p & ups div est to assume6% yield on doubled payout

** Top of FTSE All Share Industrial Transportation index & touches its highest since early 2011

** Stobart sees scope to increase div level or return cashvia share buybacks or special divs as circumstances permit

** About 70% 30-day avg vol through in 1.5 hr on stock,which is +28% YTD

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