OMGI's Message: Corporate confidence is on its way back

ON UK INCOME

Renewed corporate confidence could mean more positive dividend surprises, but wage inflation could threaten future profits, explains Old Mutual's Stephen Message.

What do a US plumbing merchant, an Asia-focused life insurer and a television broadcaster have in common? In the case of Wolseley, Prudential and ITV these are just some of the companies that have positively surprised the stock market when announcing their dividends. Dividend surprises We actively look for businesses with the potential for surprise dividends. The companies mentioned here operate in differing industries and geographies but the underlying theme is one of growing confidence; a trait that has perhaps been lacking more generally among both businesses and consumers in th...