Tesco just raised its dividend by more than 20%. Is it now one of the best UK shares to buy?

first_imgSimply click below to discover how you can take advantage of this. Image source: Getty Images. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. See all posts by Kevin Godbold Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Tesco just raised its dividend by more than 20%. Is it now one of the best UK shares to buy? Enter Your Email Address Kevin Godbold has no position in any share mentioned. The Motley Fool UK has recommended Tesco. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.center_img Click here to get access to our presentation, and learn how to get the name of this ‘double agent’! There’s a ‘double agent’ hiding in the FTSE… we recommend you buy it! The standout figure for me in today’s half-year results report from Tesco (LSE: TSCO) is the almost 21% increase in the interim dividend. With the shareholder payment on the rise, is the stock now one of the best UK shares to buy?For context, the increase arose because Tesco aims to pay the interim dividend at the rate of 35% of the prior full-year dividend. And the last full-year dividend went up by almost 60%. At first glance, these robust increases in shareholder returns are encouraging to me. I reckon we can judge a lot about the health of a business by the directors’ decisions surrounding dividends.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Why Tesco could be one of the best UK shares to buyThe firm’s policy is to maintain a full-year payout ratio of 50% going forward. And that means the total amount of dividends paid out to shareholders will be 50% of the company’s net income. As such, dividend decisions are automatic in some ways, because if earning slip, so will the dividend.But today’s increase in the shareholder payment is backed by some convincing figures. At constant currency rates, overall sales rose by almost 7% year on year. But within that figure there’s variation. More than 90% of sales came from operations in the UK and the Republic of Ireland (ROI). Sales rose by 8.5% in those combined regions. But in Central Europe, there was a decline of 1.5% and Tesco’s banking operation saw sales plummet by more than 31%.Meanwhile, Tesco has been retreating from its international operations. In the report, for example, the company tells us sales of businesses in Thailand, Malaysia and Poland are “progressing well.” Indeed, the core operations remain in the UK and the ROI and Tesco’s turnaround has been powered by refocusing on them.But the bank’s performance has been abysmal. The figures today reveal a £155m loss from the division. I reckon Tesco is best shot of it. After all, who wants to own a bank these days? They’re terrible, cyclical enterprises quick to get into trouble when economies turn down. And while Tesco is at it, why not get rid of all the other non-core operations abroad? My guess is we’ll see such further disposals in the fullness of time with Tesco becoming completely focused on the British Isles.I want a lower valuationI reckon an ongoing intense focus on core operations is what Tesco needs to hold its ground in the war with the big-discounting competition such as Aldi, Lidl and others. Meanwhile, looking ahead, chief executive Ken Murphy said in the report he expects a “broadly even balance” to the year in terms of retail profitability in the first and second halves. And retail operating profit in the current year will likely be “at least” the same level as 2019/20. But he reckons the bank will report a loss between £175m and £200m for the full year.With the share price near 219p, Tesco’s forward-looking dividend yield is just above 4.2% for the trading year to February 2022. So, is Tesco one of the best UK shares to buy now? Not for me. I want the yield to be at least 5% before buying and see no rush to buy the shares now. Kevin Godbold | Wednesday, 7th October, 2020 | More on: TSCO Our 6 ‘Best Buys Now’ Shares Don’t miss our special stock presentation.It contains details of a UK-listed company our Motley Fool UK analysts are extremely enthusiastic about.They think it’s offering an incredible opportunity to grow your wealth over the long term – at its current price – regardless of what happens in the wider market.That’s why they’re referring to it as the FTSE’s ‘double agent’.Because they believe it’s working both with the market… And against it.To find out why we think you should add it to your portfolio today…last_img read more

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Face your case, AWOL cop in twin city murders told

first_imgPolice Colonel Eric Dampal (center), director of the Iloilo City Police Office, urges Police Corporal Joseph Andrew Joven, suspect in two murder cases, to surface and defend himself in court. Joven has not reported to the city police office since March after failing to undergo a drug test. IAN PAUL CORDERO/PN “It was the Britanico family’s choice to go to the NBI. We helped the NBI,” said Dampal who was appointed ICPO on Feb. 20, a month after the Britanico-Muller killings. “Hence, after inflicting several fatal wounds at Britanico, they took his mobile phone,” the NBI surmised./PN ILOILO City – Where is Police Corporal Joseph Andrew Joven, one of the two policemen charged in the killing of a son of former assemblyman Salvador “Buddy” Britanico and a call center agent? “Much better siguro na mag-surface s’ya. Harapin n’ya ang kaso n’ya para madepensahan n’ya ang sarili n’ya,” said Police Colonel Eric Dampal, director of the Iloilo City Police Office (ICPO). Joven had been AWOL (absent without official leave) from the ICPO since March 12. Britanico spotted the men while on his way home to Prime Estate Subdivision in Barangay Nabitasan. He was eventually charged administratively for grave neglect of duty (failure to report for duty) and less grave neglect of duty (failure to undergo mandatory drug test). Charged with Joven for murder and theft for the Britanico-Muller slays were Police Corporal Jerry Villanueva assigned at the Regional Personnel Holding and Accounting Unit of the Police Regional Office 6 (PRO-6) and two other unidentified persons. “Joven admitted (to the car rental owner) he was the driver of the group. Further, (he) said that after killing Muller, they stopped at a vacant lot in (Barangay) Nabitasan, La Paz to strip off the white stickers from the Adventure. Britanico saw and confronted them so they shot Britanico to death,” read part of the NBI statement announcing its findings and the eventual filing of charges. Joven had not reported to the ICPO after failing to undergo a drug test that Dampal ordered for all city policemen in March. The NBI conducted its own investigation on the killings upon the order of President Rodrigo Duterte whose help was sought by former assemblyman Britanico. Its probe took some four months. According to Distor, the car rental owner told the NBI that Joven confessed to him that “the Adventure was used by his group as getaway vehicle in killing Muller and Britanico.” The ICPO, on the other hand, remained vague as to the status of its own investigation. The ICPO under Defensor had a poor track record in solving crimes, particularly shootings. Dampal said the ICPO respects the NBI’s filing of charges against Joven and the three others. In a press conference yesterday, Dampal said policemen would be hunting Joven down once a warrant for the suspect’s arrest has been issued. According to NBI officer-in-charge Eric Distor, the same vehicle – a Mitsubishi Adventure was seen in both killings, and that witnesses further saw one of the suspects taking something from Britanico. Thesuccessivekillings – just minutes apart – of Muller first then Britanico were initially thought as separate incidents. The NBI, however, discovered they were related by circumstance. “Gagawin natin ang lahat para maging mabuti ang ang ating pamamahala sa ICPO. I have to study all unsolved cases,” said Dampal on Feb. 20 when he formally assumed the city police’s directorship. The NBI traced the vehicle to the PAPO Car Rental and determined that it was Joven who rented it for two days or until Jan. 20, 2020. Dampal was a former director of the Compostela Valley Police Provincial Office. He also had a stint at the Police Regional Office 11 or Davao Region. According to the NBI, Britanico’s wife described her husband as having a “temper for traffic violators and does not hesitate to take photographs or videos of such and post them on social media.” Villanueva is now under restrictive custody at the PRO-6. Taking this into consideration, according to the investigators, the suspects may have assumed that Britanico reported their activities to the authorities when he made a call or took photos or videos of them. He was charged on May 29 with murder and theft by the National Bureau of Investigation (NBI) for the Jan. 19, 2020 fatal shooting of 36-year-old businessman Delfin Britanico of La Paz district and 42-year-old call center agent and drug surrenderer Alain Muller of Jaro district. The city police director at the time of the killings was Police Colonel Martin Defensor, now reassigned to the PRO-6.last_img read more

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