The Dunelm Group Plc Board has declared an interim ordinary dividend of 15 pence per share, totalling £30m. The interim dividend will be paid on 11 April 2023 to shareholders on the register on 17 March 2023.
Strong cash generation in the period has enabled the Dunelm Group Plc Board to also declare a special dividend of 40 pence per share, totalling £81m, returning the Group to its target leverage range. The special dividend will be paid on 11 April 2023 to shareholders on the register on 17 March 2023.
Other Financial Highlights:
- Tight commercial discipline and operational grip delivered gross margin of 51.1%
- PBT of £117.4m, down on the prior year as expected, reflecting impact of Sale timing and strong post-pandemic demand in the prior year, and inflationary impacts
- £17m of investment in digitalisation, capability and capacity to support future growth opportunity
- Free cash flow of £102.1m, an excellent cash conversion of operating profit of 84%
- Interim dividend of 15p (FY22 H1: 14p), an increase of 7.1%
- Special dividend of 40p declared to return to target leverage range of 0.2× - 0.6× net debt:EBITDA
