Not the most exciting share, but with safeway conversion now complete (and how much better the old safeway stores are now) the shares should start to come back. Already started a nice rise from a recent low. Costs for conversions will still hold the price back but when that is out of the way, should be be nice. 190p

Any idea when they announce the dividend dates?

Harry - I can't put my hands on it, but it must be imminent - the last 3 years have been 10th,11th & 13th Mar.

Just seen on their website, it will be 16th May 2012 ex-divi. (also 28th Sept 2012 for interim ex-divi date).

http://www.morrisons.co.uk/Corporate/Investor-centre/Financial-calendar/#

Good news then Harry ...Nice.

Morrisons profits rise 8pc

http://tgr.ph/ycHPup

I was alluding to the "announcement date" above :-)

Of course! My question should have read 'what is the ex-divi date?' Strange that the dates are not 6 months apart, or do they pay more than 2 divis per year (I can only see 'Final' & 'Interim')? (Question has been checked for ambiguity!) ;o)

Harry - that's quite common - the 2 dates not being 6 months apart I mean :-)

BRIEF-Morrisons to open 15-20 M Local stores in 2012, 50 in 2013
08 Mar 2012 - 07:45

LONDON, March 8 (Reuters) - WM Morrison Supermarkets PLC :

* Morrisons FD says will open 15-20 more M local stores in 2012,

accelerate roll-out with 50 stores in 2013

* Morrisons FD sees capex spend in 2012 of 1.2 billion stg, 100 million

stg on convenience and online activities

((London Equities Newsroom; +44 20 7542 7717))

They are certainly moving up market with their re-furbs, the ` continental` foods on the Deli` counter are particularly attractive- pity about The Pie Shop though-lol

From HL - Morrison (Wm) Supermarkets

skin i sold 8443 of these at 292 40p or about that

Broker Upgrade......

WM Morrison Supermarkets FTSE 100 Consumer, Non-cyclical Buy 350 292.7 19.6% Jefferies

350p SP Target 19.65% Upside.

From HL - Morrison (Wm) Supermarkets

http://www.hl.co.uk/shares/shares-search-results/m/morrison-wm-supermarkets-ordinary-10p?tab=security_research

GF - see post 259.

Harry - in case you didn't know :-)

RNS Number : 9667Y

Morrison(Wm.)Supermarkets PLC

08 March 2012

Wm Morrison Supermarkets Plc

8 March 2012

Dividend

Following the preliminary announcement of its results for the period ended 29 January 2012 made this morning and in accordance with the provisions of Listing Rule 9.7A.2, Morrisons announces that the final dividend of 7.53 pence per share will be paid on 20 June 2012 to shareholders on the register on 18 May 2012.

End

Profits and dividend rise at Morrisons
By Ruya Niazi | Thu, 08/03/2012 - 12:45

Supermarket chain Morrisons (MRW) boasted of a 8% increase in pre-tax profits as it announced its results for the year ended 29 January.

Turnover came in at £17.7 billion. Store sales grew by 3.9% to £13.4 billion (excluding fuel), while the average basket spend increased by 0.6%. Throughout the year the group opened 34 new supermarkets, which contributed to 2.1% of the total growth.

The supermarket confirmed that value was becoming an important decision for consumers, stating that "retailer own-brand sales, which carry a lower average unit price, have been performing more strongly than branded products as shoppers look for ways to manage their expenditure".

Capital expenditure and investments was £306 million higher than the previous year, totalling £901 million. The company announced the commencement of a refurbishment program, with 15% of space under new format/concept at the end of the first half, bringing the total capex for the year to £1.2 billion.

Additionally, the company confirmed that acceleration in convenience and online development was continuing, with the changes expected at the end of 2012 and beyond.

Morrisons promised that it was "on track" to meet the objective of returning £1 billion to shareholders over the two years to March 2013. It increased its dividend for the year by 11% to 10.7p.

Looking ahead, 2012 was expected to be a "challenging year". However, more encouragingly, the company expects to "continue to deliver profitable growth".

Shares in the company are trading on a 2012 price to earnings ratio of about 10 times

Morrisons chief delivers as fresh approach points the way ahead

Dalton Philips has been a busy man in his first two years as chief executive of Morrisons

http://www.telegraph.co.uk/finance/comment/damianreece/9131782/Morrisons-chief-delivers-as-fresh-approach-points-the-way-ahead.html

the buy back is not giving holders any more benefits . so i have started to sell .

once the div is ex the share 9 times out 10 drops more than the div that is why i buy per ex and sell before ex div date and if they drop a lot more than the div i buy them back for a few more pennys