Only one company, a specialist property player, passed all eight of the Dividend Diamonds screen tests among the FTSE All Share universe this month although a host of companies passed all but one of the tests with housebuilders to the fore. No companies achieved a perfect score in the FTSE Small Cap index while three companies scored eight out of eight on Aim.
Among the large caps, only one company in the FTSE All Share passed all eight of the tests set by our dividend diamonds screen in the form of Germany-focused real estate specialist Sirius Real Estate (SRE). The company has been through a process of spring cleaning its portfolio of commercial assets to give it a more focused strategy and looks well set to deliver on its dividend promise. Among the host of companies who passed seven of the eight tests housebuilders are notable in the form of Taylor Wimpey (TW.), Barratt Developments (BDEV), Redrow (RDW) and Bellway (BWY), the first two boosted by their special dividend plans.
The FTSE All Small failed to produce any companies with a perfect score but eight companies passed seven of the eight tests with forward EPS growth being the failed test in four cases.
Aim three companies passed all eight tests with Park Group (PKG), The Property Franchise (TPEG) and Fulcrum Utility Services (FCRM) again topping the pile.
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