Has the question about Weir Group and its dividend gone away after the engineer lifted its payout by 5 per cent at its most recent annual results last month? It had remained unchanged for the previous four years and it was debatable whether the FTSE 250 oil and gas specialist was being prudent with its cash or a little stingy.
Weir Group was founded in Glasgow in 1871 by two brothers, James and George Weir, who developed a pump to help improve the performance of steamships.
While the group remains known for its pressure pumps, used in the oil and gas sector, it also makes products for handling slurry in the minerals sector and, after its acquisition of Esco last year, heavy machinery tools for