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Dividend investors looking for shares to buy have a lot of choices when it comes to the FTSE 100. But I think Associated British Foods (LSE:ABF) is worth a look right now.
The stock has fallen 8% in the last week after its latest set of results. And while these were clearly disappointing, the stock looks interesting from a long-term perspective.
Retail challenges
For those that don’t know, Associated British Foods is – among other things – the company behind value fashion/lifestyle retailer Primark. And I think that’s the firm’s most interesting asset by some margin.
The company has a reputation for low prices and outstanding value. This usually has a pretty durable appeal, but things haven’t gone so well over the last few months.
In the 24 weeks leading up to the start of March, Primark’s revenues grew 1%. That’s not particularly inspiring, but the…
