Royal Mail Dividend in Doubt

A cautious trading update and fears over the dividend have shaken investor confidence in FTSE favourite Royal Mail 

James Gard 6 February, 2020 | 11:18AM

Royal Mail

Long-suffering Royal Mail (RMG) investors were dealt another blow after a trading update knocked the shares down nearly 10% to a record low, continuing a bad run for the UK’s postal operator.

Ahead of the company’s full-year results in the spring, it put out a trading update for the last nine months that hit the shares despite it keeping the 2019-2020 profit target unchanged. 

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Royal Mail PLC137.55 GBX2.46

About Author

James Gard  is content editor for Morningstar.co.uk

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