Is Admiral’s excessive yield a warning to buyers? – UKValueInvestor


For causes that escape me, UK monetary shares are massively out of favour.

For instance, Admiral, one of many UK’s largest motor insurers, has a dividend yield of seven.5% at its present share worth of £25.

That form of yield is often reserved for cigar butts and basket circumstances, so does that describe Admiral, or is the market materially undervaluing this enterprise?

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