The year Tesco dividend policy waivers

This year Tesco has announced a freeze in its dividend. The below is the 7 year dividend history and the 6 year average dividend growth.

              Dividend      Dividend Growth

2007         9.64                
2008        10.90                13.07%
2009        11.96                 9.72%
2010        13.05                 9.11%
2011        14.46                10.80%
2012        14.76                 2.07%
2013        14.76                 0.00%


Tesco have a solid 6 year average dividend growth of 9.42% which makes it pretty attractive. Up until this year Tesco have had a strong dividend policy and from the dividend history it can be seen that year on year Tesco have offered substantial dividend growth. This year however with one thing and another, primarily the failure that was Fresh and Easy and the downturn in the economy, Tesco has been forced to freeze the dividend. So they've not reduced the dividend to ensure that investors don't see their dividend policy falter too much. Hopefully this year there'll be further increases. I took a position following poor results in January 2012 at a price of £3.27, I'll continue to hold.