No companies in the FTSE All Share Index pass all our dividend diamond tests this month. There are 17 companies that pass 7/8 tests, however. Of these, eight are property-related companies which fail the requirement that cash conversion is 100 per cent or above.
The FTSE Small Companies index has cross-over with the All Share but excludes large-cap shares. There are no companies meeting all eight criteria of this screen either and only four companies pass at least seven tests. The small-cap screen is more focussed on prospective earnings and dividend growth, although of the four companies that fail just one test, three miss on EPS growth forecast and one misses on dividend growth rate.
The Aim Index screen follows the small-cap criteria and there are three companies which pass all 8 tests. These are The property Franchise Group (AIM:TPFG), Somero Enterprises (AIM:SOM) and Park Group (AIM:PARK).
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