Troy's Hugo Ure: 3 High Street Income Plays

While Troy Asset Management's Hugo Ure is bearish on the high street, he picks out two retailers and one logistics firm that are great dividend compounders

David Brenchley 31 August, 2018 | 2:39PM

Oxford Street, high street, retailers, Next share price, WH Smith share price, dividends, Troy Income & Growth

In investors’ hunt for income, it’s easy to get seduced by some of the high yields available in the FTSE 100. But firms that can compound their dividends over time can help investors gain sufficient diversification in their income portfolios.

Shell (RDSB), BP (BP.) and HSBC (HSBA) all yield above 5% and are the biggest contributors to the UK blue-chip index’s income. However, their contribution adds up to 25% of the FTSE 100’s 4% yield, with the top 10 dividend payers accounting for half the income produced by the index.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
BP PLC290.80 GBX0.28
British American Tobacco PLC2,878.00 GBX-1.44
Compass Group PLC1,115.00 GBX1.46
Experian PLC2,779.00 GBX-0.36
HSBC Holdings PLC377.80 GBX1.21
LondonMetric Property PLC219.40 GBX1.57
Nestle SA107.16 CHF1.50
Next PLC4,717.00 GBX0.36
Royal Dutch Shell PLC B1,188.80 GBX0.64
Troy Income & Growth Ord71.60 GBX-0.83
Unilever PLC4,193.00 GBX-0.52
WH Smith PLC1,039.00 GBX4.37

About Author

David Brenchley

David Brenchley  is a Reporter for Morningstar.co.uk

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