Income Boosters: COVID costs hit Morrison’s profits
The dividend is still safe and we remain optimistic about the outlook for this well-run retailer, as our latest research here reveals.
Wm Morrison Supermarkets (LON: MRW) chief executive David Potts says that the pandemic has led to "the renaissance of British supermarkets". It may seem an odd claim for a half-year that saw Morrison's pre-tax profit fall by 28%, but we think investors should look through this short-term disruption and stay focused on the bigger story.
Continue reading our content…
- Unlimited access to our market-beating portfolios
- In-depth coverage of many of the world’s great companies
- Unique insights from our top research team
- Company and markets insights
- Sponsored content
- Podcasts
Previous article Next article
DON'T MISS OUT!
Get top investment ideas to help safeguard and grow your wealth.
Invaluable insight from the exciting world of smaller companies.
REGISTER FREE
More on WM Morrison
Income Boosters: replacing Morrisons with a quality family firm
This week we're revealing a new share for the Income Boosters portfolio. We'll also look at…
Income Boosters: dividend recovery continues
Our high-yield portfolio continues to provide a market-beating yield and is benefiting from a recovery in…
