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Market Update – United Carpets – Ken Odeluga

United Carpet’s board today recommended a final dividend today, at 25p/share, to be paid on 16th October.

On top of the £1/share special dividend announced earlier in the year, the pay-out increases UCG’s real yield slightly.

However it does not quite compensate investors for the four years during which the firm does not appear have offered a cash dividend, unlike say, Carpetright which did.

On the other hand, UCG stock has outperformed listed carpet retailers and the wider stock market so far this year and over the last two years.

For growth-orientated, less risk-averse investors in this specialist segment, UCG remains the ‘racier’ choice.

Ken Odeluga, a senior market analyst at www.cityindex.co.uk

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