In my Stockopedia Blippy Defensive portfolio I sold SN (Smith & Nephew) and bought VOD (Vodafone). The rationale is that the prospects for SN do not look better than VOD, and the latter gives a much better dividend. VOD is the highest dividend yielder in the Footsie with a beta < 1.
VOD is like a ute (utility), but with better margins, and a better dividend.
Not expecting high growth out of VOD, and it should be interesting to see if safe and high-yielding (7.9%) will produce a decent return.
Powered by Blogilo