Carillion and Morrisons both went ex dividend on Wednesday.
Whilst you expect the share price to fall by the amount of the dividend, Carillion's share price has fallen way further than that. It is now offering a yield of around 6.8% with a current dividend cover of more than 2. As I already have a fair exposure I won't be buying any more but I think at these levels it's cheap and should only go in one direction. That said, as we've seen nothing is certain and it could fall further.
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