M.P. Evans Group PLC announced a dividend for FY23 of 45p per share (2022 - 42.5p per share) with a proposed final dividend of 32.5p per share (2022 - 30p per share). An interim dividend of 12.5p per share (2022 - 12.5p per share) was paid on 3 November 2023 and the firm recommended a final dividend of 32.5p per share (2022 - 30p per share). The total figure of 45p per share represents, once again, an increase in the normal, annual dividend payable to shareholders and continues the Group's unbroken track record, which can be traced back for more than thirty years, of maintaining or increasing normal dividends. The ex-dividend date will be 25 April 2024, the record date 26 April 2024, and the dividend payable on or after 19 June 2024.
Other financial highlights include:
- Results affected by lower CPO price environment when compared to exceptionally high prices during 2022
- Average mill-gate price for Group CPO US$729 per tonne (2022 US$854 per tonne)
- Revenue for the year US$307.4 million (2022 US$326.9 million)
- Operating profit US$75.3 million (2022 US$101.6 million)
- Operating cash generation US$107.0 million (2022 US$129.5 million)
- Earnings per share 78.1 pence (2022 - 108.0 pence)
