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JPM's yield stocks to beat a dividend drought
by David Campbell on Dec 03, 2013 at 07:40
It’s the poster-child for share buybacks – it has spent something like £500 million on buying its own shares in recent years and over that period has offered something like a 500% total return. [It’s not cheap at £54] but Next still has a lot of valuation potential.
It is focusing on lower cost, higher-grade metals rather than investing a lot of capital in exploration and development, which is generally a big drain [on capital] in the mining sector. That means the dividend cover is increasing and the company is not so dependent on the market price of any specific metal. It currently yields around 4%.
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on Apr 24, 2014 at 14:30