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%