Kier Group increases its 2017 full year dividend by 5%

DividendMax Ltd.

Kier Group increases its 2017 full year dividend by 5%

Kier Group 2017 Final results

·      Revenue of £4.27bn, up 5%

·      Underlying profit from operations of £146m, up 3% after £7m interest and tax cost from joint ventures

·      Net debt of £110m, at the lower end of market forecasts and maintaining <1x ratio to EBITDA

·      Strong underlying operating cash conversion of 113%

·      Underlying earnings per share of 106.8p, up 7%

 

Dividend

·      Proposed full-year dividend per share increased by 5% to 67.5p (2016: 64.5p) reflecting the Board's confidence in the Group's prospects

 

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