The Grafton Group Board has declared an interim dividend of 10.0 pence per share, an increase of 8.1 per cent on last year's interim dividend of 9.25 pence.
The interim dividend will be paid on 20 October 2023 by Grafton Group plc to shareholders on the Register of Members at the close of business on 22 September 2023, the record date. The ex-dividend date is 21 September 2023.
Other financial highlights include:
Full year adjusted operating profit expected to be in line with Analysts' expectations
Decline in first half adjusted operating profit (before property profit) as anticipated
Strong operating profit margin and return on capital employed
Excellent cashflow of £191.3 million from operations
£132.7 million returned to shareholders in dividend payments and share buybacks
Net cash at 30 June 2023 of £438.4 million (before IFRS 16 lease liabilities) was almost unchanged from the year end position after returning cash to shareholders
New share buyback programme for up to £50.0 million announced
