3 FTSE Dividends That Have Risen Todayhttp://www.fool.com/investing/international/2012/06/26/3-ftse-dividends-that-have-risen-today.aspx Alan Oscroft
June 26, 2012
LONDON -- On a day when the FTSE 100 (INDEX: ^FTSE ) has been going nowhere -- it was a mere five points up on 5,456 by early afternoon -- we have had news of several companies raising their dividends by 10%. With Europe wobbling in a week that awaits a much-hyped powwow between the heads of the eurozone, which companies are powering up their payouts amid the pessimism?
But the raised interim dividend of 7.24 pence per share is more than twice covered by underlying earnings per share of 17.2 pence, and the company ended the period with net cash on its books. If the full-year dividend is raised similarly, it should come to about 3.5%. The shares climbed 2% to 519 pence on the news.
After seeing adjusted EPS grow by nearly 7% to 25.4 pence in a year in which the company returned 340 million pounds in cash to shareholders, the dividend was lifted to a well-covered 7.8 pence per share. That’s a yield of around 3% on the current share price, and the shares have also put on about 12% this month, reversing a decline from February’s peak.
Travel and holidays might not make for the most robust sector at the moment, with Thomas Cook still struggling badly and competitor