LONDON -- You probably already know that many shares within the FTSE indexes can offer decent incomes when compared to the interest received from a savings account. Indeed, the FTSE 100
But the global financial crisis, coupled with ongoing troubles in the eurozone and fears of a Chinese growth slowdown, has pushed the FTSE 100 lower. Investors are clearly concerned that dividends will start to dry up. But the index is only an average, and some sectors are doing well and raising dividends. If you want to uncover the sectors identified by Motley Fool analysts as presenting the best value in these troubled times, please help yourself to a copy of "Top Sectors for 2012" while it's still free.
Let's look at three companies from various FTSE indexes that have announced higher dividends today.
DS Smith
DS Smith
Smith's shares climbed 0.4% to 137.5 pence, which equates to a 1.3 billion pound market cap and a yield of 4.3%, based on the new 5.9 pence-per-share payout.
Greene King
Pub manager and brewer Greene King
Even in these tough economic times, the company saw revenue up 9.4% to 1.14 billion pounds, leading to a pre-exceptional pretax rise of 8.6% to 152 million pounds, with adjusted EPS rising by 10% to 53 pence. Good margins and a year of strong cash-generation allowed the firm to up its dividend to 21.3 pence per share, which represents a yield of 4% on the current share price of 531 pence. That price is marginally down on the day -- just 0.5 pence for a negligible 0.1% fall, valuing the company at 1.2 billion pounds.
Photo-Me International
The last of our trio today is Photo-Me International
A hefty 25% boost in year-end net cash to 51.8 million pounds helped the firm raise its dividend by 25% to 2.5 pence per share. On the current share price of 41.4 pence, that's a substantial yield of 6%. The company is currently valued at a shade short of 150 million pounds.
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