Halfords (LON:HFD) has raised its dividend but it may not maintain this for long with profit set to dip further and cash generation limited by the high payment.
The share price has more than halved in the past four years and one of the main attractions is the yield. The total dividend was raised from 18.03p a share to 18.57p a share and both the interim and final were increased.
The automotive and cycling products retailer and autocentres operator reported underlying pre-tax profit of £58.8m, which was in line with the previous trading statement. This was down from £71.6m the previous ye...
