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WPP reboots dividend

The ad titan has committed to a half-year dividend of 10p, despite a first half that was battered by the pandemic
WPP reboots dividend

It might seem unusual that the market would bump up a company’s share price 5 per cent after it had just swung to a pre-tax loss of £2.6bn. But for WPP (WPP), the reboot of its dividend and a sign that it had survived the worst of the fall in the ad market offered investors some relief.

IC TIP: Hold at 652p

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