Tesco company dividend policy has been a bit pasty in recent years just 2 years ago their dividend history shows that they have benefited from a 6 year average dividend growth of 11.4%. Having seen dividend growth of only 2.1% last year and a dividend policy to freeze the dividend this year due to profits being hit as a result of the ailing Fresh and Easy in the U.S.A. the average dividend growth has shrunk to 7.5%.
Whilst it is a shame to see any reduction in the average dividend, the dividend policy hasn't swung far enough for us to see a reduction in the dividend and I'm hoping now that the Fresh and Easy debacle has been put to bed we will again see the profits and dividend growth of a couple of years ago.
No comments:
Post a Comment