- Sainsbury offers a 5% dividend yield and 9 years of uninterrupted dividend growth.
- Valuation is extremely low at 11x P/E, 1.0x book value for the number 3 UK supermarket chain.
- Profitability is at a decade high measured by operating profit margins, despite intense pricing pressures.
- UK Food Retail Sales growth hit 7.7% year-on-year in April, running at the highest rate since 1988.
- The share price chart shows a recent upside breakout from a multi-month downtrend.