Stagecoach increases its 2016 full year dividend by 8.6%

DividendMax Ltd.

Highlights

 

·      Adjusted earnings per share up 3.7% to 27.7 pence (2015: 26.7 pence)

 

·      Dividend per share up 8.6% to 11.4 pence (2015: 10.5 pence)

 

·      £187.0m (2015: £140.9m) net capital investment from strong cash generation

 

Investing in further enhancing customer experience on bus and rail to drive future growth

 

·      Sale of "retail" part of megabus Europe to FlixBus

 

·      Actions to stimulate growth in UK Bus: low fares strategy, digital improvements and continued investment

 

·      One of two shortlisted bidders for new South West Trains rail franchise

 

·      Strong financial position - successful re-financing of £400m bonds

 

·      No significant change to our expected 2016/17 adjusted earnings per share