Morrison (wm) Supermarkets Dividends - MRW

Morrison (wm) Supermarkets Dividends - MRW

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Morrison (wm) Supermarkets Plc MRW London Ordinary Share GB0006043169 ORD 10P
  Price Change Price Change % Stock Price High Price Low Price Open Price Close Price Last Trade
  0.15 0.08% 181.80 183.75 181.40 181.55 181.65 16:35:11
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Industry Sector

Morrison (wm) Supermarkets MRW Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

muffinhead: net assets for 2018/19 of GBP4,325m restated for IFRS16 181p hTtps:// 32% eps growth forecast PEG 0.4 Dividend cover 2.4 hTtps:// Tesco, Morrisons and Sainsburys joined at the hip...sector sentiment Sainsburys is the company I worry about. Cheap funding and weak sterling is major generational opportunity to take it private. Beginning to think Coupe is the useful idiot to take the company down for the bankers
ric0chet: share price fall seems overdone. Perhaps Asda or Sbry should look at Morrison for a possible merger? Shares are cheap.....
barbar7619: To all holders of this share. This share price will not last and imo you need to sell. The company have a bad reputation of fresh produce running out in stores across the uk on a daily basis. They are poorly run and the management are from the 70s 80s style of managing. If you have any knowledge of shares and investing then there are many other quality shares about with growth potential far better than Morrison's. Anyone who doesn't want to listen then...... Good luck
scotches: hTTps:// Sains/Asda merger comment. "Mr Potts said that while he and others in the industry were awaiting the final verdict on the combination with interest, “our turnround isn’t predicated on anyone else’s deal”." Brexit: “We are blessed that two-thirds of what we sell is produced in the UK, and 100 per cent of our beef, pork and fresh poultry is British.” “We’ve looked for alternative routes into the country, we have taken authorised economic operator status, which is a way to be slightly speedier unloading in some checks, and we have brought forward purchases of some goods..." Analysts said the results were solid and that investors were increasingly focusing on the company’s cash generation. “At yesterday’s share price, this is a 5.6 per cent dividend yield for a company with almost no leverage, solid execution and more earnings and free cash flow growth to come,” said Bruno Monteyne at Bernstein.  James Grzinic at Jefferies said Morrisons’ high proportion of freehold stores meant that as new accounting standards were applied its cash flow generation would become more evident.
trcml: "Some of the recent posters may not have been here long enough to appreciate what a transformation has taken place. " I don't know whether I fall into that category based upon my first post here earlier this week but amongst my treasured possessions is something that Sir Ken Morrison remark to me in response to an article I'd written and sent to him (and others) about Morrisons proposed acquisition of Safeway. (The monopolies commission (or whatever it was called at the time) launched an investigation, whereupon Tesco's share price sunk from its giddy heights at that time to around £1.64.) His remark?"Don't give up your day job." I am not a customer of Morrisons. I did once buy petrol from the Wolverhampton store, also some dealings in my capacity as a professional adviser with the old guard (can't go into details, but upshot one of their small tenants was put out of business) and have on rare occasions dry cleaning service at another store. Despite years of observing M's share price never really moving much out of a narrow trading range, I bought a few shares this week. I rather think that a supermarket heavily into selling British home-grown foodstuffs and a wholesaler to Amazon and Ocado is in a much stronger position to capitalise on Brexit than other supermarkets whose import costs are volatile.
thelastrealhero: Automated trading systems manipulating the share price to make money for big dealers. AI in action.
gregmorg: Only criticism from my point of view is the timid increase in the interim dividend. The 17% increase in pre tax profits is applauded and one might have hoped for the interim dividend, in the light of a savage dividend cut some three years or so ago,to show a more robust sign of a somewhat faster recovery in shareholder income. That may not be the answer to the reasons behind the share price fall. It maybe just that expectations got ahead of themselves!
kazoom: Interesting Walbrock thanks for that. But you don't appear to understand what went on with the Tesco accounting scandal; it wasn't a matter of delaying payments to suppliers at all, it was a question of recognising profits before they had actually been earned. Delaying payments to suppliers is a very different beast altogether and quite legitimate, so long as the suppliers are agreeable to it. Morrisons are booking their profits in the appropriate period, they are just holding on to the payments to suppliers for longer. It is a worthwhile question as to whether this is sustainable, but even if it reverses it won't materially impact profits just working capital. Oh and I would also dispute that the 70% share price rise was anything (or at least very little) to do with any potential Amazon takeover. The financials explain the shareprice, there is not really any material M&A premium in the price currently IMHO.
walbrock82: Having done some research there are some interesting patterns emerging from Morrisons. Morrisons saw improving earnings in the last three years, most are down to selling and leasing back properties this process contributed £280m to earnings when compared to £924m in underlying earnings. The company still own properties and has a low operating lease and rental expenses in comparisons with Sainsbury’s and Tesco. Operationally I see two weaknesses. First, net book value of fixtures and equipment aren’t written off in the balance sheet, despite £1.5bn original costs write down. It distorts the shareholder equity by £300m. Second, is average payables are at their highest of 50 days and higher than both Tesco and Sainsbury’s of 34 days and 38 days. Those who remember Tesco accounting scandal would know is delaying to suppliers were the main accusation. Elephant in the Room The takeover rumour is possible and the likely candidate is Amazon because of their partnership to supplying Amazon Fresh. That’s why the share price rose by 70%. For more analysis on Morrisons, especially its comparison to rivals and valuation, click
kev0856153: Will Wm. Morrison Supermarkets plc Cut Its Dividend Next Week? By G A Chester - Tuesday, 2 September, 2014 | See also: MRWMRWSY Will the supermarkets’ dividends fall like dominoes after Tesco’s announcement of a 75% cut to its interim payout last Friday? In particular, will Wm. Morrison Supermarkets (LSE: MRW) – which many investors thought was more vulnerable to a cut than Tesco — similarly slash its payout when its half-year results are released next week? Well, I think Morrisons might just defy the dividend doomsters! Am I mad? If Tesco cut its dividend, when it would still have been covered by forecast earnings-per-share (EPS), what hope for Morrisons when its dividend will be uncovered by EPS? Certainly, on the face of it, things don’t look promising. Morrisons is expected to deliver EPS of about 11.8p this year, which doesn’t support a repeat of last year’s dividend of 13p. However, there are three big differences between Tesco and Morrisons that can give the latter’s shareholders cause for optimism. Commitment In its annual results for the year ended 2 February 2014, announced in March, Morrisons made a “commitment to 5% minimum increase in dividend for 2014/15 and a progressive and sustainable dividend thereafter” — the 2014/15 dividend being “not less than 13.65p”. Management was perfectly aware of the tough trading environment for the supermarkets, even going so far as to suggest that the success of the discounters, such as Aldi and Lidl, is “structural, rather than cyclical”. There was no need for Morrisons’ board to make such a bullish commitment on the dividend, yet it did. Free cash flow Forget EPS, it’s cash that pays dividends. Morrisons set out a credible strategy for generating the free cash flow to deliver on its bold dividend commitment. The company expects to generate £2bn of free cash flow in the three years to 2016/17. A 13.65p dividend this year would cost the company about £323m. Over three years, then, with modest annual increases the dividend would be covered a very healthy two times by free cash flow. No kitchen-sinking I said in the past that I thought the biggest threat to Tesco’s dividend would be the ousting of chief executive Philip Clarke, and the all-too-frequent ‘kitchen-sinking’ that occurs when a new boss takes over a struggling company. That has, of course, now happened. Morrisons’ chief exec, Dalton Philips, has also been under pressure. If his strategy shows signs of failing, we could see him, too, being manhandled into the ejector seat — and an almost certain re-basing of the dividend to follow. However, there’s been no indication from the company that things aren’t on track, and recent market-share figures are positively encouraging. A 7.9% yield If Morrisons delivered that 13.65p dividend, we’d be looking at a whopping yield of 7.9% at a current share price of 173p. What should we be looking for in next week’s results that might confirm Morrisons as just about the biggest income bargain in the market? Well, the board maintaining the interim payout at last year’s 3.84p would be something. But, if it increases the interim by the percentage it intends to increase the full-year dividend (meaning an interim payout of about 4p), it would be something else altogether: a massive signal of managements’ confidence in delivering for shareholders. There is, of course, a risk that Morrisons will renege on its dividend commitment, which has perhaps increased after the precedent set by Tesco. As such, there’s a good argument for waiting to see what happens next week. If Morrisons lifts its interim dividend, the shares are likely to rise. Even if they were to shoot up 10%, though, we’d still be looking at a prospective income of over 7%.
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