In 2023 the Keller Board rebased the full year dividend to 45.2p, a 20% increase on 2022 in recognition of the step-change in profitability in 2023, and increased the 2023 final dividend by 28%. The Board currently expects to return to a more normal progressive 5% dividend growth in 2024 and reverting to the normal balance of the full year dividend being payable 35% as an interim dividend and 65% as the final dividend. The Board is therefore declaring an interim dividend of 16.6p (2023: 13.9p). Keller has a notable 30-year history of a maintained or growing dividend with a CAGR of just under 9% since flotation in 1994 and is one of only a very few FTSE listed companies to have consistently paid a dividend over such a period. The interim dividend is payable on 13 September 2024 to shareholders on the register as at 16 August 2024.
