Is this the best dividend stock in the FTSE right now?

Is this the best dividend stock in the FTSE right now? By John Kingham Most of the time, when a stock has a dividend yield which is significantly higher than the market average there's a good chance the dividend is about to be cut or suspended. It happened recently to BHP Billiton and Rio Tinto, although perhaps that is understandable since both are highly cyclical companies. It can also happen to more defensive "blue chip" stocks, with Tesco being a good example. Like Tesco a few years ago, Legal & General (LON:L&G) is a relatively defensive company offering investors a very high yield (6.5% as I write). As a dividend-focused investor my interest is certainly peaked, but will L&G just turn out to be another Tesco? This isn't the first time L&G has offered investors an enticing dividend yield. The most recent and extreme example came during the financial crisis. As a financial company in a world undergoing a financial crisis, it's not surprising that the company's shares were clobbered. Between 2007 and 2009 the share price declined by more than 80% from almost 160p to less than 30p. For several weeks in early 2009 L&G's shares offered a dividend yield of more than 20%, and no, that isn't a typo… Click HERE to read the full story The Master Investor Market Report The FTSE 100 closed the day at 6,730.30, an increase of 56.99 points. The FTSE 250 rose 121.05 points to finish at 17,752.05. The FTSE All Share climbed 29.14 points to finish at 3,674.94. The FTSE AIM All Share ended the day at 801.97, down by 0.06 points. Clothing outfit Next (NXT) increased group revenues by 2.6% to £1.95 billion during the six months ended 30th July, but retail sales stagnated at £1.08 billion. The bricks and mortar element also saw its profits drop by 16.8% to £133.9 million, which dragged the firm's overall profits before tax down to £342.1 million. Management said that trading picked up in July, but the improvement was largely due to a large end of season sale. The shares dropped by 253p to 4,957p. Don't miss our September issue! Click HERE to read. Shares in supermarket Morrisons (MRW) shot up by 7.5% to 208.10p after the chain reported a 13.5% improvement in its pre-tax profits for the half year ended 31st July. Total turnover fell by 0.4% to £8.03 billion, but was up slightly on a like-for-like basis once fuel and VAT were excluded. The company remains focused on reducing its costs and is targeting a £1 billion reduction by the end of the financial year. Electrocomponents (ECM) shares surged 15.97% to 350p after it announced that it expected half-year profits before taxation to show a 72.5% improvement over the first six months of the prior financial year. Management said that cost control programmes were proceeding well and sales in North America had returned to growth. Tomorrow's news today Finsbury Foods (FIF) will release final results. Quote of the day "All I ask is the chance to prove that money can't make me happy." - Spike Milligan Latest Stories Management Resource Solutions in 'golden cross' buy signal By Zak Mir Although it has not exactly been a smooth ride in recent months on the daily chart of Management Resource Solutions, it does appear that the bulls will be in charge once again over the near term in quite a significant way… Click Here To Read The Full Story Weir Group recovery to pump-up returns By Robert Sutherland Smith I had started this rummage in the hope of finding an underpriced investment. What I have discovered is a fairly valued share with, up until now, strong upward momentum, which seems to be coming back to its established trend support at around 1,500p... Click Here To Read The Full Story Volatile markets can make you money By Filipe R Costa With volatility at its lowest in two years during August, it may be the right time for investors to make a play on a volatility spike, either by entering the options market or by playing with the VIX index… Click Here To Read The Full Story S&P 500: Further pain in store By Zak Mir I usually take a look at stocks in the Chart of the Day, but on the big turns I do switch back to the indices and currencies. In the case of today's market, the spotlight is on the S&P… Click Here To Read The Full Story Ocado: Time to get short By Evil Knievil I was forwarded a crowdfunding proposal yesterday where EBITDA was less than the 'E'. The entire proposition was and remains fraudulent and is surely in breach of any sort of conduct rules one can imagine… Click Here To Read The Full Story Join the movement on social media: Copyright 2016 Master Investor Ltd, All rights reserved. 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