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I have all kinds of different investments in my Stocks and Shares ISA, but they all have one thing in common. I’m expecting a good return from the underlying business over time.
Right now, B&M European Value Retail (LSE:BME) looks set to return over 12% of its current price to investors in the next year. So should I look to buy it for my ISA?
Dividends… and more dividends
Over the last 12 months, B&M has returned 30p per share to investors in the form of dividends. With the stock currently trading at £2.40, that implies a 12.5% dividend yield.
At that level, the company only needs to maintain its current distribution for shareholders to get their money back within eight years. It’s hard to find that anywhere else at the moment.
B&M’s dividend comes in two parts. The first is the regular distribution (which itself is split into two parts, paid in December and…
