Cyclical companies can also be steady dividend payers if boards grow the dividend in a sustainable way instead of in line with the movement in earnings, which can change rapidly because of operation gearing. This company currently has a dividend that is covered 2.3 times by forecast earnings. The shares are yielding nearly 5.7%.
In 20 years, this company has paid 76.2p/share in dividends, even before the latest payment. That is more than the current share price. The dividend payment was much...
You are unauthorized to view this page.