LONDON -- The FTSE 100
In such times, sensible investors turn to shares paying high and rising dividends, and we look at three that have increased their payouts this week...
Who says engineering is dead? Renishaw
The share price did nicely too, putting on 82 pence (6.5%) to 1,346 pence after the high-tech engineer reported a 5% boost to annual pre-tax profits, from a 15% rise in revenues. Forecasts for next year are looking good, with a dividend of around 40 pence expected.
British American Tobacco
One of Neil Woodford's favorites, British American Tobacco
Though the price fell, by 40 pence (1.2%) to 3,268 pence, the dividend is still very well covered, and if we see a final dividend raised by the same 11%, we'll be looking at 140 pence, for a yield of 4.3%.
Pay TV technology specialist Pace
A similar rise in the full-year payout would give shareholders a yield of 2% on the current 133 pence share price.
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Alan Oscroft does not own any shares mentioned in this article. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.