It has also been a busy couple of weeks on the results front:
- MMI kept their final dividend flat (slightly up on full year basis - SENS)
- Bidvest (BVT) decreased their dividend but these must be seen in the context of the Bidvest unbundling (SENS)
- First Rand (FSR) increased their final dividend ever so slightly (by 1c per from 117c to 118c! - SENS)
- RMB Holdings (RMH) decreased its final dividend from 154c to 153c (SENS)
I relentlessly write about "forgetting the noise" but this is not noise. Dividends are the key metric I monitor. I am concerned about the increasing lack of real dividend growth. I am not panicking just yet but I am aware the number of "Reds No's" in my table is growing. Not a pretty picture!
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Disclaimer: I have tried my best to ensure that the table above is accurate. It is based on factual data and does not contain any recommendations. Errors and Omissions are Excluded (E&OE).