Tip update: Hargreaves Services increasing dividend despite German slowdown

Premium Member Content

Trading has not gone to plan but Hargreaves Services (LON: HSP) is able to offer an enhanced dividend pay out. The pre-tax profit forecast for the year to May 2023 has been slashed, but the shares remain modestly rated and the yield is more than 8%.

The core services operations are doing better than expected, thanks to HS2 demand, and the land division is likely to make the anticipated contribution. Reduced commodity prices and a slowdown in the German economy have hit the performance of Ger...

You are unauthorized to view this page.

More Member Content

Tagdiv Cloud library - template content.