I am trying to understand how to read the Financial Times FTSE Actuaries Share Indices UK. In two of the columns it says Cover and Exadj. Cover is between Dividend Yield % and P/E ratio. Exadj is located between P/E ratio and total returns.

Does anybody know what Cover and Xdadj means?

I have attached a link for people to have a look at.


Any help much appreciated :)


It appears to be dividend coverage, which is the ratio of earnings to dividend amount.

The formula (using other items from the report) would be 1 / (Div Yield/100 * P/E ratio)

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