CPYYY - Centrica's 8% Dividend Yield Means It's Priced For Energy Armageddon
In this month’s Master Investor magazine I reviewed Centrica (CPYYF) (CPYYY), a large and mature business operating in a very defensive sector, which at the time of writing had a dividend yield of more than 8%.
At first glance this seems odd. Most of the time when you’re looking for very high yield stocks, you’ll end up finding companies which are either small, young or highly cyclical. Sometimes though you’ll find the exact opposite, and that’s what we have today with Centrica.
So why would a company with such an entrenched market position, operating in