Investors Chronicle29 Nov 2017 13:27
Record is top of the list in an IC article on high-yield small caps. Very long article (will be in the magazine on Friday) highlights:
"Dividends and capital returns are a key draw for investors in the shares of currency manager Record (REC). The company�s robust balance sheet means almost all Record�s earnings are being paid out as dividends at the moment. That�s likely to mean a 2.3p payout this year, equivalent to a near 5 per cent yield, with the first half of the payout going ex-dividend on 30 November (before print publication of this article). In addition to this, the company returned �10m to shareholders earlier this year through a tender offer which eliminated about a tenth of its share capital. Further capital returns look a distinct possibility based on the company�s policy of returning anything in excess of a buffer set at one year�s expected overheads."
Article also says there may be bumps in the road "but the shares look an enticing bet for income hunters"