Tesco seem to be shrinking the business which can only lead to smaller profits in the long term, I have experienced employment with Tesco and there is a lot of underhand things going on at the top, Tesco have got my sympothy as a business due to the people who have been given trust but are letting them down,
It is a no brainer as long as the divi is maintained but quarterly divi only gives us the same payout over the year, just hope the sp can go up to stop the decline in the value of our investment,
I would go for it but not brave enough, who knows what is happening behind the scene, although I have seen the sp go to 15p before and come back to £1.50 or more,
so if you bought today and down 6% and divi is going to be 6% you will break even on the 15th August unless sp falls further which I don't think it should as this fall in sp should not have happened considering good second quarter results,
I sometimes think they try to flush out or frighten a lot of the smaller investors out before x divi day which is next week, Lloyds are in a far better position than they were when about 4 yrs ago they were still on the mend and sp touched 89p