Analyst Research Report Snapshot

Title:

Peel Hunt: Next (Hold) - Modest upgrades and special dividend

Price:

$23.00

Provider:

Peel Hunt

Date:

03 Jan 2014

Pages:

3

Type:

AcrobatPDF

Companies referenced:

NXT.L

Available for Immediate Download
Summary:

Next (Hold) Modest upgrades and special dividend Next’s Christmas trading was ahead of PHe and consensus expectations following a strong December outcome, a notable outperformance against a weak and heavily discounted apparel market. Next has announced a 50p special dividend (£75m) to be paid in February, with future quarterly special dividends to be paid given the share price is ahead of the group’s buyback limit, implying an attractive yield of c6%. John.Stevenson@peelhunt.com

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