I’ve looked at Tesco after having researched Morrisons.
The main takeaway is that the dividend looks safe to me. Not just because of high sales during the Covid-19 lockdown*, but because the finances are in good shape and the firm is still selling its Asian operation later in the year.
*although we’re back to normality with the weekly shop
While the share price is lower than the level at the end of April, the “buy” team may still probably win over time:
We have to understand this against a benchmark, eg how online shopping grew on average, but it’s of course great that Tesco benefited from the growth.
interesting, personally though, I’ve pretty much stopped shopping at Tesco, it just feels so overpriced when you compare to Lidl (who I surprisingly found has really nice products if eaten in a timely manner ;))
so I think Tesco will struggle to compete on price with them etc.
Yeah that’s true, especially if u compare the big Tesco’s and variety’s of products etc, but u get like two baskets worth at Lidl of food compared to one at Tesco for same amount cash, which makes a big difference for a big family (not that I have one haha)…
Sentinelgre
(The Spaniel in my photo is Archie)
#17
For those of you waiting on new about this
It’s been declared at 50.93 per share but not updated on the corporate pages of Tesco’s website yet…
Short and sweet explanation is if you buy before the ex date and hold until on or after the ex date !!!
you are entitled to payouts including special ones etc.
If the above link doesn’t help try investopedia’s explanation which is a bit more concise
Yes there is also a share consolidation taking place simultaneously on the basis of 15 new shares for every 19 existing which aims to prevent the share price falling by 50p on the ex dividend date.
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Sentinelgre
(The Spaniel in my photo is Archie)
#21
Well it’s up to you if you want to buy anymore, only you can answer that. But in terms of the dividend to get this you just need the amount of shares you want and hold this through past the 15th of Feb and the payment is on the 26th (give or take a few days after to get to your account)
