FTSE 100 Falls 0.68% to 10,338.95 on June 01

By Danny Kontos

June 2, 2026

02:21 AM

2 min read

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Key Points

FTSE 100 fell 70.33 points to 10,338.95, a 0.68% decline on June 01.

Eighteen FTSE 100 firms pay dividends in June with yields between 3% and 6.6%.

Land Securities leads with 6.6% yield, Persimmon offers 3.55% dividend impact.

Meyka rates index C+ with 12-month target of 11,026.47, suggesting 6.6% upside potential.

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The FTSE 100 fell 70.33 points to 10,338.95 on June 01, a decline of 0.68%. Eighteen FTSE 100 companies will go ex-dividend in June, with dividend yields ranging from 3% to 6.6%. Investors face key dates this month to capture these payouts before shares trade without dividend rights.

Big Dividend Payouts Arrive in June

Sainsbury (J)’s will pay 9.6p per share on 10 July for shareholders on the register before 4 June. The supermarket’s shares fell to 306.2p, down from 353.1p before the dividend announcement, creating a 3% dividend impact. Persimmon housebuilder shares offer a 3.55% dividend impact with a 40p final dividend due 10 July, ahead of the 18 June ex-dividend date.

Property Firms Lead Yield Race

Land Securities will distribute 22.2p per share on 24 July with a 6.6% yield, the highest among property firms. British Land Co pays 10.8p per share on the same date with a 6% yield and 2.66% dividend impact. These ex-dividend dates in June mark the cut-off points for investors to claim the payouts.

Index Weakness Amid Market Headwinds

The FTSE 100 trades with a 50-day moving average of 10,346.54 and a 200-day average of 9,935.84. Meyka rates the index C+ with a 12-month price target of 11,026.47, suggesting limited upside from current levels. The RSI sits at 47.11, indicating neutral momentum with no clear trend forming.

Final Thoughts

The FTSE 100’s 0.68% decline reflects broader market caution, though June dividend season offers 3% to 6.6% yields to patient investors. With Meyka targeting 11,026 by year-end, the index remains in holding territory.

FAQs

What is an ex-dividend date and why does it matter?

The ex-dividend date is the cut-off to own shares and receive the next dividend. After this date, shares trade without dividend rights, so investors must buy before it.

Which FTSE 100 company offers the highest June dividend yield?

Land Securities offers the highest yield at 6.6%, paying 22.2p per share on 24 July for shareholders registered by 18 June.

What is Meyka’s price target for the FTSE 100?

Meyka targets 11,026 for the FTSE 100 over 12 months, representing 6.6% upside from the current level of 10,338.95.

Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.

About Author

Danny Kontos

Co Founder

Danny Kontos has been a stock investor since 2007 and co-founded Meyka in 2023. He keeps a small, focused portfolio and only moves when the numbers are hard to argue with. He has waited years on a single position before. Before Meyka, he ran a web hosting company and a mortgage lending platform, so he knows what a well-run business actually looks like under the hood. This article did not come from a news cycle. It came from someone who has been watching this space for a long time.