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Who's for Greggs?
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Thrugelmir
Posted: 07 March 2025 22:47:31(UTC)
#30

Joined: 01/06/2012(UTC)
Posts: 5,316
Hilda Ogden;336498 wrote:
With a well covered prospective forward yield of around 3.8% (final dividend increased, declared today) I can sit and wait. It's a 1% portfolio holding, something I don't normally do.


Are you factoring in increased employment costs from next month ? Dividends are only covered to the extent that the future year's profits are only better than the last's.
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Hilda Ogden
Posted: 08 March 2025 08:24:25(UTC)
#31

Joined: 31/07/2023(UTC)
Posts: 883
Thrugelmir;336883 wrote:
Hilda Ogden;336498 wrote:
With a well covered prospective forward yield of around 3.8% (final dividend increased, declared today) I can sit and wait. It's a 1% portfolio holding, something I don't normally do.


Are you factoring in increased employment costs from next month ? Dividends are only covered to the extent that the future year's profits are only better than the last's.

Yes. It hasn't stopped being a very well run company which has investment plans in place to stay that way. Another 10p on a sausage roll or a donut because of a rise in minimum wage or NIC is unlikely to result in the queue being any shorter at your local Greggs. I suspect also where there's five people behind the counter today, next month there's going to be four.
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