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The firm could increase its dividend at a rate of about 25% a year for three years – so the payout could reach £400m by 2017 Welcome to the FTSE 100 index, Royal Mail. Shares in the privatised postal service may have fallen on their first day as a designated blue-chip stock, but the rise since flotation at 330p in mid-October is still 75%. Even the most belligerent investment banker ought to be …
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