Performance of stocks vs index since 2020 low
Inflation
Rock up Dobbie adds : “ It ’ s been unusual how incredibly resilient mining sector dividends were through the pandemic . Possibly because China entered the pandemic first and – in as much as anyone can say they ’ re out of it – has been coming out of it first . The mining sector was incredibly strong : Rio and BHP became two of the biggest dividend payers in the FTSE All Share .” He says you might have expected such an ultra-cyclical sector to implement big dividend cuts , yet instead there was strong growth in normal and special dividends , albeit not yet back to pre-pandemic levels . On the flipside , certain fastmoving consumer goods ( FMCG ) giants saw widespread de-ratings against rising bond yields , such as Unilever and Reckitt .
Performance of stocks vs index since 2020 low
BHP Group ( 137.3 %)
Rio Tinto ( 93.1 %)
FTSE All Share ( 62.0 %)
160 % |
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140 % |
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120 % |
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100 % |
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80 % |
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60 % |
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40 % |
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20 % |
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0 % |
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-20 % |
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Apr20 |
Jun |
Aug |
Oct |
Dec |
Feb21 |
Apr |
Jun |
Aug |
Oct |
Dec |
Source : FE Analytics
Issue 81 - February 2022 / 31 /