Credit Suisse has named 20 of the best stocks with the ability to return capital to shareholders through special dividends and buybacks, with UK names such as clothing retailer Next and Paddy Power included on the list.
In a research note, the firm said as corporate balance sheets look strong, companies are deciding whether to re-invest excess cash, spend it in on acquisitions or return money to shareholders. The note highlights 20 stocks the group thinks are most likely to return cash to investors either through buybacks or special dividends. It includes Paddy Power, which is the top holding in Standard Life Investments' £1bn UK Smaller Companies fund run by Harry Nimmo. Credit Suisse did not specify over what time period the stocks are likely to pay out cash to investors, but it will rebalance the ...
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