Tesco is to release it's results later this week
however it has been suggested that it may be taking a £1bn hit as a result of
the failure to penetrate the American market with their venture Fresh and Easy.
Tesco has had a robust dividend policy of year on year dividend growth in recent
history. They slogged away at this Fresh and Easy venture for a few years and
like any other attempt by other companies to get into the market in America they
failed and finally decided to cut their losses. This came as a relief to many
shareholders believing the venture to be a money pit. We shall see what dividend
is announced in the results on Wednesday and whether they stick with their
dividend policy. I hold Tesco currently but will reassess my position following the results.
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