MARKET TALK: Look To Dividend-rich UK Sectors - UBS

21st Jun 2010 08:06

0706 GMT [Dow Jones] As earnings and cash flows for UK companies' continue to grow at above average levels, UBS recommends buying dividend-rich sectors, companies and the FTSE 100 dividend futures. Sees significant upside for the FTSE 100 dividends versus the futures, estimates dividends that are 26% higher than the futures for 2011 and 44% higher for 2012. "We see risks to growth, but are not forecasting a double-dip," says UBS. And even when BP's (BP.LN) are removed between now and the end of 2012, "we still find upside to the current value of the FTSE 100 dividend futures of 12% (2011) and 30% (2012)," it says. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires June 21, 2010 03:06 ET (07:06 GMT)