Weighting in Satrix Divi ETF
Coronation Fund Managers
Kumba Iron Ore
Altron Preference Share
Before tackling the individual small caps, it is important to unpack the dividend forecasts for the small-cap shares, which are far more unpredictable; it is a valuable exercise to look at these two counters as they are likely to be held by individuals either directly or through their pension funds.
According to analyst consensus forecast on FT.com, Vodacom has 16 analysts covering the stock and making forecasts on what will happen with the dividend. Consensus forecast is that the company will deliver R8.34 in dividends, which represents a 6.1% increase year on year. It is interesting to note that Vodacom has in fact beaten analyst consensus forecast on its dividend increase for the last three years.
A point raised by Imara SP Reid analyst Sibonginkosi Nyanga is that management