Who would have thought it? SuperGroup, once derided as one of those flyaway fashion stocks whose profits multiple was impossible to justify rationally, is now an income stock. Admittedly, if you add the ordinary payment to the 20p special dividend announced with the full-year figures to the end of April, you get to a dividend yield that is still below 3 per cent.
There is the prospect of more to come. The 6.2p interim payment announced in December was only the first in the company’s six years on the stock market. The special, at a cost of £16 million, was bound to go down well in a market where income is all and should place the shares within the range of those funds specialising