Q: Your thoughts on Alaris please. Have they ever cut dividend and do you feel it is safe going forward
5i Research Answer:
AD cut its dividend in 2020 and in 2009. Its small size makes it higher risk, but generally we like it for high small-cap income. It owns a collection of decent business royalties, and has generally managed its portfolio well. Its low valuation we think reflects the additional risks fairly well. Not for everyone, certainly, but we are comfortable with it for higher-risk income.