2024-04-25 14:37:53 ET
Summary
- The market was caught off-guard by Associated British Foods' first half results for 2024, after a nearly 50% increase in its interim dividend.
- The share price remains conservatively priced with a trailing free cash flow yield of more than 7%.
- Margins are on track to improve further through the rest of the year and topline growth is likely to remain robust.
Associated British Foods plc ( ASBFY ) just reported its first half results for FY 2024 and the market was very surprised by the results....
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Associated British Foods: A Nearly 50% Dividend Increase Is A Rare Sight