ASHTF Stock Recent News

Ashtead Group PLC (LSE:AHT) has proposed switching its primary listing from the UK to the US, marking yet another blow to London. “The board has concluded that the US market is the natural long-term listing venue for the group and that moving to a US primary listing is in the best interests of the business and its stakeholders,” the industrial equipment rental firm said on Tuesday.

Plant hire giant has Ashtead Group PLC (LSE:AHT) copped a downgrade from analysts at Deutsche Bank the day before its latest quarterly update Hold from buy is the new recommendation though Deutsche Bank says that Ashtead is the second-largest US equipment rental operator in the US and longer-term prospects are fine. Specifically, there is a structural shift from buy to rental, which will the larger sector operators from scale and high service levels to customers.

Ashtead Group PLC (LSE:AHT) shares have risen strongly since its last update in September with the prospect of a bumper construction spending spree by new US President Donald Trump adding to the momentum. Next week's second-quarter update will not have any benefit from that, but the US-focused plant hire group maintaining its full-year guidance in September has eased many of the concerns that surfaced mid-year.

The list ranks stocks based on their market cap and dividend yield alone. What I am looking for is quality dividend stocks with long track records of progressive dividend growth, and while dividend yield is still important, it's a secondary consideration.