European Space Agency's Aschbacher on Funding, Launches
European Space Agency Director General Josef Aschbacher discusses the state of European space funding, and the need to "step up" spending. Aschbacher talks about European rocket launch capabilities and services. He speaks to Bloomberg's Guy Johnson from the Paris Air Show. (Source: Bloomberg)
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34 minutes ago
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FirstGroup (LON:FGP) Could Be A Buy For Its Upcoming Dividend
Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be intrigued to know that FirstGroup plc (LON:FGP) is about to go ex-dividend in just three days. The ex-dividend date is usually set to be two business days before the record date, which is the cut-off date on which you must be present on the company's books as a shareholder in order to receive the dividend. The ex-dividend date is an important date to be aware of as any purchase of the stock made on or after this date might mean a late settlement that doesn't show on the record date. This means that investors who purchase FirstGroup's shares on or after the 3rd of July will not receive the dividend, which will be paid on the 8th of August. The company's upcoming dividend is UK£0.048 a share, following on from the last 12 months, when the company distributed a total of UK£0.065 per share to shareholders. Looking at the last 12 months of distributions, FirstGroup has a trailing yield of approximately 2.8% on its current stock price of UK£2.312. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. As a result, readers should always check whether FirstGroup has been able to grow its dividends, or if the dividend might be cut. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. If a company pays out more in dividends than it earned, then the dividend might become unsustainable - hardly an ideal situation. FirstGroup paid out a comfortable 32% of its profit last year. Yet cash flows are even more important than profits for assessing a dividend, so we need to see if the company generated enough cash to pay its distribution. The good news is it paid out just 5.7% of its free cash flow in the last year. It's encouraging to see that the dividend is covered by both profit and cash flow. This generally suggests the dividend is sustainable, as long as earnings don't drop precipitously. See our latest analysis for FirstGroup Click here to see the company's payout ratio, plus analyst estimates of its future dividends. Stocks in companies that generate sustainable earnings growth often make the best dividend prospects, as it is easier to lift the dividend when earnings are rising. If business enters a downturn and the dividend is cut, the company could see its value fall precipitously. It's encouraging to see FirstGroup has grown its earnings rapidly, up 75% a year for the past five years. Earnings per share have been growing very quickly, and the company is paying out a relatively low percentage of its profit and cash flow. This is a very favourable combination that can often lead to the dividend multiplying over the long term, if earnings grow and the company pays out a higher percentage of its earnings. Many investors will assess a company's dividend performance by evaluating how much the dividend payments have changed over time. In the last three years, FirstGroup has lifted its dividend by approximately 81% a year on average. Both per-share earnings and dividends have both been growing rapidly in recent times, which is great to see. Is FirstGroup an attractive dividend stock, or better left on the shelf? We love that FirstGroup is growing earnings per share while simultaneously paying out a low percentage of both its earnings and cash flow. These characteristics suggest the company is reinvesting in growing its business, while the conservative payout ratio also implies a reduced risk of the dividend being cut in the future. FirstGroup looks solid on this analysis overall, and we'd definitely consider investigating it more closely. In light of that, while FirstGroup has an appealing dividend, it's worth knowing the risks involved with this stock. In terms of investment risks, we've identified 1 warning sign with FirstGroup and understanding them should be part of your investment process. A common investing mistake is buying the first interesting stock you see. Here you can find a full list of high-yield dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
News24
an hour ago
- News24
Israel orders Gaza City evacuation as 37 Palestinians killed
Israel ordered Palestinians to evacuate parts of Gaza City. 37 people were killed in Israeli strikes on Saturday. France offered to conduct aid distribution in Gaza. Israel's military issued on Sunday an evacuation order for the northern Gaza Strip, warning Palestinians in parts of Gaza City and nearby areas of imminent action there, more than 20 months into the war with Hamas. Israeli forces 'will operate with intense force in these areas, and these military operations will intensify and expand... to destroy the capabilities of the terrorist organisations', military spokesperson Avichay Adraee said in a statement posted on X alongside a map of northern Gaza, telling residents to 'evacuate immediately south to Al-Mawasi' for safety. Gaza's civil defence agency said Israeli forces killed 37 people in the devastated territory on Saturday, including at least nine children who died in strikes. Civil defence spokesperson Mahmud Bassal told AFP 35 people were killed in seven Israeli drone and air strikes in various locations, and two others by Israeli fire while waiting for food aid in the Netzarim zone in central Gaza. He said the dead included three children who were killed in an air strike on a home in Jabalia, in northern Gaza. READ | 'We are not going to stand for this': Trump demands Israel drops 'witch hunt' case against Netanyahu Bassal said at least six more children died in a neighbourhood in the northeast of Gaza City, including some in an air strike near a school where displaced people were sheltering. The Israeli military did not respond to a request for comment by Saturday evening. As international criticism mounted over civilian deaths in Gaza, French Foreign Minister Jean-Noel Barrot said on Saturday that his country 'stands ready, Europe as well, to contribute to the safety of food distribution' in Gaza. Such an initiative, he added, would also deal with Israeli concerns that armed groups such as Hamas were intercepting the aid. Barrot did not provide any details on how France could help secure aid distribution to Gaza's civilians. READ | Spain PM Sanchez accuses Israel of 'genocide' in Gaza, demands EU suspend cooperation Restrictions on media in Gaza and difficulties in accessing many areas mean AFP is unable to independently verify the tolls and details provided by rescuers. AFP images showed mourners weeping over the bodies of seven people, including at least two children, wrapped in white shrouds and blankets at Al-Shifa hospital in Gaza City. Video footage filmed from southern Israel showed smoke rising over northern Gaza after blasts. Yair Palti/Anadolu via Getty Images Other AFP footage filmed in Gaza City showed a cloud of smoke rising from buildings after a strike. In Jabalia, an AFP photographer saw civil defence rescuers aiding a man with blood on his back. Israel launched its offensive in Gaza in October 2023 in response to a deadly attack by Palestinian militant group Hamas. After claiming victory in a 12-day war against Iran that ended with a ceasefire on 24 June, the Israeli military said it would refocus on its offensive in Gaza, where Palestinian militants still hold Israeli hostages. Qatar said on Saturday that it and fellow mediators the US and Egypt were engaging with Israel and Hamas to build on momentum from the ceasefire with Iran and work towards a Gaza truce. 'If we don't utilise this window of opportunity and this momentum, it's an opportunity lost amongst many in the near past. We don't want to see that again,' said Qatar's foreign ministry spokesperson Majed al-Ansari. Hamas' October 2023 attack resulted in the deaths of 1 219 people, mostly civilians, according to an AFP tally based on Israeli official figures. Israel's retaliatory military campaign has killed at least 56 412 people, also mostly civilians, according to Gaza's health ministry. The United Nations considers these figures to be reliable.
Yahoo
an hour ago
- Yahoo
Is Now The Time To Put Cranswick (LON:CWK) On Your Watchlist?
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to investors, even if it currently lacks a track record of revenue and profit. But as Peter Lynch said in One Up On Wall Street, 'Long shots almost never pay off.' While a well funded company may sustain losses for years, it will need to generate a profit eventually, or else investors will move on and the company will wither away. If this kind of company isn't your style, you like companies that generate revenue, and even earn profits, then you may well be interested in Cranswick (LON:CWK). Even if this company is fairly valued by the market, investors would agree that generating consistent profits will continue to provide Cranswick with the means to add long-term value to shareholders. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. Generally, companies experiencing growth in earnings per share (EPS) should see similar trends in share price. So it makes sense that experienced investors pay close attention to company EPS when undertaking investment research. Cranswick managed to grow EPS by 8.5% per year, over three years. That's a good rate of growth, if it can be sustained. Top-line growth is a great indicator that growth is sustainable, and combined with a high earnings before interest and taxation (EBIT) margin, it's a great way for a company to maintain a competitive advantage in the market. Cranswick maintained stable EBIT margins over the last year, all while growing revenue 4.8% to UK£2.7b. That's a real positive. In the chart below, you can see how the company has grown earnings and revenue, over time. For finer detail, click on the image. View our latest analysis for Cranswick Of course the knack is to find stocks that have their best days in the future, not in the past. You could base your opinion on past performance, of course, but you may also want to check this interactive graph of professional analyst EPS forecasts for Cranswick. It's pleasing to see company leaders with putting their money on the line, so to speak, because it increases alignment of incentives between the people running the business, and its true owners. Shareholders will be pleased by the fact that insiders own Cranswick shares worth a considerable sum. To be specific, they have UK£35m worth of shares. That's a lot of money, and no small incentive to work hard. Even though that's only about 1.2% of the company, it's enough money to indicate alignment between the leaders of the business and ordinary shareholders. As previously touched on, Cranswick is a growing business, which is encouraging. For those who are looking for a little more than this, the high level of insider ownership enhances our enthusiasm for this growth. The combination definitely favoured by investors so consider keeping the company on a watchlist. If you think Cranswick might suit your style as an investor, you could go straight to its annual report, or you could first check our discounted cash flow (DCF) valuation for the company. Although Cranswick certainly looks good, it may appeal to more investors if insiders were buying up shares. If you like to see companies with more skin in the game, then check out this handpicked selection of British companies that not only boast of strong growth but have strong insider backing. Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
