SCTBY - Securitas: Excellent Q3 2020 Results FY20 Dividend Reinstated
- Securitas reported 3Q20. As this is one of the larger positions I have in security and related businesses, it's of immense interest to me personally.
- The company had an excellent quarter, seeing organic growth trends across segments despite COVID-19.
- The company also reinstated the previously suggested 2019/2020 dividend in full, giving a current yield of 3.7% (and a YoC of 4.4%).
- Securitas has shown that it has what it takes to uphold its dividend tradition despite the pandemic, and it remains a "BUY" at this valuation.
For further details see:
Securitas: Excellent Q3 2020 Results, FY20 Dividend Reinstated