Simon Thompson 

Bloomsbury’s magical results

Simon Thompson

Simon Thompson
Bloomsbury’s magical results

It’s taken time for shareholders in Bloomsbury Publishing (BMY:230p) to reap the financial rewards for their loyalty since I included the shares in my 2015 Bargain Shares Portfolio, but investors are certainly warming now to the company best known for publishing author JK Rowling’s best-selling Harry Potter books. Having paid out dividends per share of 25.1p in the past four years, the board has just hiked the final payout by 13.5 per cent to 6.36p to take the total to 7.51p for the financial year to the end of February 2018, covered by EPS of 13.9p, up 10 per cent year on year. Their optimism is well founded.

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