OVER FIVE PER CENT.
If, as I anticipate, we are about to witness a gradual broaden- ing of investment interest in the stock markets, there should be a quick revival of inquiry for reasonably well-secured preference shares offering attractive yields. To those seeking 5 per cent. or more in this field I commend the following list :
No. of times Dividend Current Allied Newspapers 64% Cunt. £i
Yield d.
First Pref. Armstrong Siddeley Development .. 4.1 24/6 5
7 6
Co. 64% Cum. First Pref..
261-
5
I 0 Cable & Wireless (Holding) 54% Cum.
Pref. £100 stock .. .. 1.2 Pm 5 9 3 English Electric 64% Cum. Li Pref. .. 3.9 25/6 5 2 3
Union-Castle 6% Cum. A LI Pref. ..
24 23/6 5
3 3 The cover is ample in each case, with the single exception of the Cable and Wireless preference, but I feel that this stock is worth its place in the light of the drastic scaling-down of the combine's capital. Given normal business activity, there should be no doubt about the maintenance of preference dividends with a rather stronger cover percentage than the above figures indicate.
Previous page
