kempiejon wrote:Pennon. Change of company focus, selling of Viridor, return of capital and rebased dividend was a bit of an annoyance but I'm a determined sloth so the balance in my HYP can stay there. 6% yield is good enough for me. I see the sp has been declining for a couple of years. I usually like a utility that has a commitment to my income and Pennon says
This represents an increase of 8.3% and maintains our sector-leading dividend policy confirming growth of CPIH +2%.
I like that.
https://www.pennon-group.co.uk/dividends
Yes, my sale was uncharacteristic and I was a little surprised the stop loss triggered. However, having had a useful rise in SP, I wasn't willing to risk it evaporating.
I didn't like disposing of Viridor, profit was well down as was free cash flow. Loads of investment being made - which is a good thing - but as Warren Buffett said of large Cap EX "You'd better be darned sure of that investment making good returns".
Now, the capital released will probably go into a couple of ITs which fits my general move towards letting someone else do the worrying in preparation for my "retirement"
Arb.
PS AAMOI my HYP is still bigger than my IT basket.