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Cash-generative ceramics maker shows its resilience

Geographically diversified ceramics maker Portmeirion (PMP:AIM) is showing resilience in the face of South Korean and Indian struggles. Full year results (9 Mar) revealed a 7.5% dividend hike to 32.25p, continuing Portmeirion’s record of never cutting or withholding the payout since its 1988 stock market debut. Cantor Fitzgerald has a £12 price target for Portmeirion, currently 960p and with potential to develop home fragrances brand Wax Lyrical overseas.

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