Bloomberg News

Burberry, Vodafone, SABMiller May Raise Dividends

May 18, 2012

Burberry Group Plc (BRBY), Vodafone (VOD) Group Plc and SABMiller (SAB) Plc are among 13 companies in the Stoxx Europe 600 Index that may boost dividends next week, according to data compiled by Bloomberg.

Burberry, the U.K.’s largest luxury-goods maker, may raise its final dividend by 19 percent to 17.8 pence, according to Bloomberg Dividend Forecasts that factor in earnings and options prices. Vodafone, the world’s largest mobile-phone company, may increase its final dividend by 6.9 percent to 6.47 pence. SABMiller, the second-biggest brewer by volume, may boost its final payout to shareholders by 9.8 percent to 67.5 cents, the data show.

Companies in the Stoxx 600 (SXXP) may increase shareholder payouts by 14 percent in the next 12 months, according to estimates compiled by Bloomberg. Per-share earnings are forecast to grow 46 percent in that period.

Homeserve Plc (HSV), a U.K.-based emergency-repair company, might raise its payout by 8.1 percent to 7.57 pence, while United Utilities Group Plc (UU/), a U.K. water company, may do so by 6.7 percent to 21.34 pence.

Victrex Plc (VCT), Firstgroup Plc (FGP) and Intermediate Capital Group Plc (ICP) are also among the companies that may increase their dividends next week.

The Stoxx 600 has slumped 5.2 percent this week, heading for its biggest weekly selloff since September, as Greece moved closer to a possible exit from the euro currency union and China’s growth showed signs of slowing. The benchmark measure dropped 1 percent to 239.24 at 10:33 a.m. in London.

To contact the reporter on this story: Corinne Gretler in Zurich at cgretler1@bloomberg.net

To contact the editor responsible for this story: Andrew Rummer at arummer@bloomberg.net


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