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.
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Covid-19 has caused significant disruption for these former dividend stalwarts. What comes next?