|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's range||3.7600 - 3.7600|
|52-week range||2.9000 - 4.3980|
|Beta (5Y monthly)||0.58|
|PE ratio (TTM)||3.25|
|Forward dividend & yield||0.12 (3.10%)|
|Ex-dividend date||14 Oct 2021|
|1y target est||N/A|
The supermarket chain, which is Britain’s largest grocer, raised its profit outlook for the second time in four months thanks to strong sales at large stores and convenience outlets.
“If Tesco doesn’t raise this year’s dividend by close to double digits I will be very disappointed.” So says one experienced fund manager who thinks the market has failed to appreciate the improving fortunes of this “quiet horse”.
Aldi has thrown down the gauntlet to traditional supermarkets and vowed to offer the lowest prices this year, as surging inflation piles pressure on household budgets.