CMC Markets – a dividend yield approaching 7% warrants investigation
The provider of financial trading products, notably CFDs and spread betting, has had a challenging past few months. With the share price now close to all-time lows and the forecast dividend yield approaching 7%, a closer look seems justified.
CMC’s most recent trading update on 25 September 2018, which covered the period from 1 July 2018 to 25 September 2018, confirmed that the second quarter of its financial year had been impacted by a sustained period of low market volatility and a decrease in overall client trading activity following regulatory changes. The result of this was that net operating income for 2019 was expected to be below previous guidance.
CMC Markets was…
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