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3 FTSE Shares With Positive Dividend News This Week
Published Fri, 06 Jul 2012 14:43:17 EDT on The Motley Fool
The FTSE 100 (INDEX: ^FTSE) index, at 5,651, now offers a trailing 3.8% dividend yield -- not bad, and quite a bit better than the 2.9% on offer when the index reached 6,091 in February last year. But the dividend returns from the FTSE indexes only tell part of the story, and there's a huge variation in the yields to be had from individual companies. Today we look at three from various indexes that have announced good dividend news this week.
IT assurance and escrow firm NCC Group (LSE: NCC.L) boosted its full-year dividend by 24% on Thursday to 16.1 pence, compared with 13 pence last year.
That nice growth comes as a result of revenue increasing by 24% to 88 million pounds -- with 17% of that being organic growth -- and adjusted pre-tax profit being boosted by 27% to 22.6 million pounds. Adjusted earnings per share came to 46.7 pence, up 24% from last year's 37.7 pence.
The dividend yield, at about 2%, is not high. But we're looking at the track record of a growth company here: The share price has risen from 280 pence three years ago to 810 pence today.
Anite (LSE: AIE.L), which produces software for handset and chipset manufacturers, network operators, and travel companies, was able to raise its dividend by a whopping 53% to 1.125 pence on Tuesday, the day of its final results announcement.
Thanks to strong demand for data on smartphones and other mobile devices, Anite saw revenue grow 31% to 122.5 million pounds, with pre-tax profit growing by 75% to 28.8 million pounds and diluted EPS coming in 76% ahead at 6.7 pence.
Again, this is very much a growth company: Its share price has risen from 30.5 pence in 2010 to 132 pence today, which puts the yield at about 1%.
Begbies Traynor (LSE: BEG.L), a provider of rescue service for companies in trouble, announced a 2.2 pence full-year dividend for a yield of 7.3%, based on Wednesday's closing price of 30 pence.
Results were weak, as the number of companies failing and requiring its services was lower than expected, despite the recession. The net result was a statutory pre-tax loss of 5.7 million pounds, including losses from discontinued operations, though there was an underlying 5.5 million pound profit from continuing operations. But that high dividend yield must have pleased the market, as the shares have risen to 32.5 pence.... Read more
Stock name ISIN Last trade P/E Earnings/Share Dividend/Share Dividend yield ANITE GB00B3KHXB36 126.00 21.4 6.01 1.70 1.35