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16 December 2023
By Maynard Paton
I love ‘owner managers’ — company bosses with significant shareholdings who want to build wealth for the long haul.
Such leaders do seem to act differently to standard chief executives. A hefty investment complemented by substantial dividends should certainly focus the mind on long-term operational matters…
…versus more typical executive considerations such as bonuses, expense accounts, awaydays and career progression.
I have attempted to identify promising ‘owner managers’ by screening for companies with the following criteria:
- At least ten years of annual dividend increases, and;
- A minimum 10% total director shareholding.
SharePad returned only eight companies, including James Halstead, Judges Scientific and Craneware:
I selected Lok’nStore as it offered the highest forecast dividend growth among the shares I had not previously evaluated for SharePad.
Lok’nStore’s history of annual dividend increases runs to 13 years, with another three years of payout advances predicted:
SharePad reveals Lok’nStore’s ‘owner manager’ to be executive chairman Andrew Jacobs, who controls 13% of the business:
Let’s take a closer look.
Read my full LOK’NSTORE article for SharePad >>Maynard Paton
