PageGroup (LON:PAGE) Has Announced A Dividend Of £0.1124
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 28 2024
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Source: Yahoo Finance
- PageGroup's Dividend Payment: Investors of PageGroup plc (LON:PAGE) will receive a payment of £0.1124 per share on June 21, with a dividend yield of 7.2%.
- Earnings Coverage: The company has been earning enough to cover dividends but is paying out a large proportion of its free cash flows, focusing on returning cash to shareholders rather than business growth.
- Dividend Volatility: PageGroup has a long dividend history but has experienced cuts in the past decade, growing distributions at 12% annually. Cuts may indicate an overly ambitious payout policy.
- Doubtful Dividend Growth: Despite recent dividend growth, declining earnings per share by approximately 5.5% annually over five years raise concerns about sustaining dividend increases.
- Overall Assessment: While the dividend has been raised, there are doubts about its sustainability. The company's low payout ratio is a positive aspect, but it may not be a strong income stock option for investors.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
