Income Boosters: Strong cash flows support rising payouts
February has seen several of the big names in our Income Boosters portfolio issue results. The news is broadly positive, but as we explain below there are some potential areas of concern.
Dunelm: another special dividend suggests 7% yield
Homeware retailer Dunelm Group (LON: DNLM) traded well through the pandemic lockdowns thanks to a strong online operation. Even so, performance has benefited from a return to regular store trading.
Revenue for the half year to 25 December rose by 10.6% to £795.6m, compared to the same period one year earlier. Pre-tax profit climbed 25.3% to £140.8m, while free cash flow was 8.5% higher, at £106.3m. Customer numbers…
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