Royal Mail was undervalued – but the point to watch is a dividend increase

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 able now to admit that Royal Mail was woefully underpriced at sale.

Read more: Royal Mail was undervalued – but the point to watch is a dividend increase | UK news | The Guardian.