FTSE 100 Dividends May Peak in 2023, But Hurdles Linger
1037 GMT - FTSE 100 dividends might hit a record in 2023, but slowing profits and recession could stem longer-term gains, AJ Bell says. Total ordinary dividend payouts look set to rise 8% to GBP85.8 billion next year, versus an expected GBP79.1bn in 2022 and GBP78.5bn in 2021, Bell says. Shell is the blue-chip index's largest dividend payer in sterling terms, just ahead of Glencore and Rio Tinto, the financial-services firm says. Still, rising costs and interest rates and a possible recession could limit progress, Bell says. "Analysts do expect 2023 to (just) set a new record high for FTSE 100 ordinary dividend payments, even if profit growth is expected to slow--and then grind to a complete halt in 2024," Bell's investment director Russ Mould writes. (philip.waller@wsj.com)
Companies News:
DP Eurasia Mulls Sale of Russian Operations
DP Eurasia NV said Wednesday that it is considering the sale of its Russian operations, but cautioned that there is no certainty any deal will proceed.
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Applied Graphene in Talks Over Sale of Trade, Assets, Main Operating Business
Applied Graphene Materials PLC said Wednesday that it is in talks with various interested parties regarding the sale of its trade and assets, or of the shares in its main operating subsidiary, but said there isn't any certainty that any deal will be struck.
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Argo Blockchain To Sell Helios Facility To Galaxy For $65 Mln
Argo Blockchain PLC said on Wednesday it is selling its Helios facility in Texas and its related operations to Galaxy Digital Holdings Ltd. for $65 million.
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Trafalgar Property 1H Pretax Loss Widens on Lower Revenue, Higher Costs
Trafalgar Property Group PLC on Wednesday reported a widened pretax loss for the first half of fiscal 2023 on lower revenue and after booking higher costs.
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Streaks Gaming to Raise GBP3 Mln in London IPO; Trading Expected Jan. 5
Streaks Gaming PLC said Wednesday that it is planning to raise 3 million pounds ($3.6 million) as part of its initial public offering on the London Stock Exchange, with trading expected to start on Jan 5.
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Mirada 1H Pretax Loss Narrowed; Expects Higher Revenue in 2H
Mirada PLC said Wednesday that its pretax loss for the first half of fiscal 2023 narrowed and that it expects higher revenue in the second half due to the timing of its product deployments.
Contact: London NewsPlus; paul.larkins@wsj.com
(END) Dow Jones Newswires
12-28-22 0554ET
