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premium content from Motley Fool Share Advisor United Kingdom
Our monthly Ice Best Buys Now are designed to highlight our team’s three favorite and most timely buys from our growing list of income-focused Ice recommendations, to help suckers build their portfolios.
“Best Buys Now” Pick #1:
B&M European Retail Stock (LSE: BME)
- Past periods of economic stress have generally been positive for discount retailers, and so far we see little reason to believe that this latest period of rising inflation and falling disposable income will be any different.
- That bodes well for B&M, whose store numbers and customer awareness (particularly in areas outside its traditional northern heartland) grew rapidly during the pandemic as competing stores closed.
- All three parts of the business – B&M UK, Heron Foods and B&M France – are doing well with growing sales and high cash flow. While margins may be below pandemic-driven levels, they are still substantially higher than they were before the pandemic, showing the benefits of all that increased consumer awareness as footfall remains significantly higher. to previous levels.
- The company’s outstanding ordinary dividend of 16.5 pence equates to a hearty yield of 3.4% today. But add the additional special payment of 20 pence per share due in February and that yield jumps to 7.7%. Now, investors shouldn’t count on special dividends continuing to be an annual occurrence, but B&M’s board remains committed to returning excess cash to shareholders when it deems leverage has fallen too low.
“Best Buys Now” Pick #2:
Written up
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