Recessions aren't bad news for everyone. There's one particular recession-proof sector we've been tipping for quite some time now pawnbroking.
And with good reason. Britain's largest pawnbroker, Albemarle & Bond (LSE: ABM), has just reported its full-year results for the year to 30 June. Pre-tax profit jumped to £14.6m, from £9.74m the year before, on sales of £55.5m (up 18%). The final dividend was hiked by 44% on last year to 6.5p a share, giving a total dividend of 8.85p.
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