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Tip update: Hargreaves Services increasing dividend despite German slowdown

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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...

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