National Express (NEX.L) is best known in the UK for its coach services. However, it’s actually a multinational transport group running rail, bus, tram and coach services and operating in Europe, Africa, North America and the Middle East. Headquartered in Birmingham, it employs around 45,000 people and 80% of its income comes from overseas operations. The company reckons to carry passengers on 800 million individual journeys each year. The company is becoming famous for the regularity with which it delivers dividend increases, of which more below. Suffice to say that there have been seven consecutive increases in the dividend – a record few companies can beat. National Express has been making acquisitions which have helped growth and it expects to make more in the next year. It’s also targeting new contracts in the North American charter and transit market and in German and Moroccan rail services. Read More
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