The Property Franchise Group has been named as one of just three listed companies to be a ‘dividend diamond’.
Investors Chronicle has eight criteria which include: a dividend higher than average; dividends covered at least twice by earnings; operating cash conversion of 100% of more – in other words, earnings are turned into cash with which to pay dividends; and earnings growth forecast in the next two financial years.
No company on the main FTSE passed all eight tests this month, although 17 passed seven.
On the AIM junior market, the Property Franchise Group was one of three companies to pass all eight tests.
The firm’s great rival, Belvoir Lettings, also on AIM, is listed by Investors Chronicle as passing six out of the eight tests.
Of the larger firms listed on the FTSE, LSL is also listed as having passed six tests.
Comments (3)
CWD share price in freefall this morning,I guess sponsors left with unsold shares looking to dump before year end
Belvoir are like a breath of fresh air amongst their listed brethren and others sharply in the public focus.Unlikely to see them across the media spectrum beating their own drum or pontificating on all matters property.Refreshing to be able to comment positively!
Going about their business in a professional manner.Providing a great backup and service for their franchisees allowing them to offer great service,Baby steps incremental acquisition strategy
Speaking from my pocket I remain invested!!!!
Clearly an employee of Belvoir… tragic