RE: Shape of the business.30 Apr 2021 09:01
Gerry - we're not far out numbers wise, and we obviously agree it's only fractionally down during the pandemic, so basically it's paid about 11-12p in dividends, every year, for the past 3 years, and this is all fact so obviously we can't disagree (using calendar years makes no sense and that's why your figures have a blip in 20 because that's not how business works).
You can't rely on any dividend from any company 100%. However, Morrisons was still comfortable enough in their position to continue paying theirs at the 11-12p level, during a pandemic.
So where I maintain you were being misleading was when you said:
"Well when you put it in context its not as good as you make out. 2018 and 2019 had much higher total dividends albeit made up with special dividends like the 4p you quoted. So its been "cut in reality" over the last few years."
The dividends weren't MUCH higher in previous years. They've pretty much maintained their good level of dividends, with this years dividend during a pandemic still 90% of what it was in previous years. It's not been cut significantly, or completely, like many companies.
Which rather shows their commitment to it, does it not?