First purchases this week are Stobart Group (STOB) and Cable & Wireless Communications (CWC) which both go ex-dividend on Wednesday.
STOB were picked up for 119.9p, they pay a 2p dividend on 9th December. Forecast dividend payment for year ending 28 February 2012 is 6.07p which represents a yield of 5.06% based on today’s buying price.
CWC are due to pay a dividend of 2.67¢ on 12 January 2012. Forecast yield for year ending 31 March 2012 is 11.9%
Looking ahead, MAN Group (EMG) go ex-dividend on 23rd November and should pay a dividend of 9.50¢ on 13 December. Made a small purchase at 147.6p per share. Forecast yield for year ending 31 December 2012 is 10.2%
RM have taken a hammering this year. They stood at around 170p at the beginning of 2011, hitting a close of day low of just under 40p in October.
On 25th October it was announced that, by mutual agreement, Terry Sweeney had left the company after 13 years as chief executive officer, with Martyn Ratcliffe taking his place.
Shares have been on an upward path since the low in October, and I tucked a few shares away at 73.3p in the hope that the upward momentum continues.
Final purchase today was Home Retail Group (HOME). The purchase at 91p reduced my average buying price of the stock from 95p to 93p. HOME shares go ex-dividend on Wednesday and are scheduled to pay a dividend of 4.7p on 18 January 2012.
Forecast yield for year ending 28 Feb 2013 is 8.8%, a fall from 10.9% in year ending 28 Feb 2012.