Dunelm Group Plc Board has declared an interim ordinary dividend of 16.5 pence per share, an increase of 3.1% compared to FY24 (FY24 H1: 16.0p). The interim dividend will be paid on 8 April 2025. The ex-dividend date is 13 March 2025 and the record date is 14 March 2025.
In addition to this, the strong cash generation in the period has enabled the Board to declare a special dividend of 35.0 pence per share. The special dividend will also be paid on 8 April 2025. The ex-dividend date is 13 March 2025 and the record date is 14 March 2025. Whilst the period ended in a net cash position, excluding the working capital timing benefit of £88m, net debt of £31m represented 0.1x annualised EBITDA. After the committed dividend payments, the Group is within its target leverage range.
Other financial highlights include:
Good performance in a challenging environment, again underpinned by the quality of their customer proposition and advantaged business model
Sales growth of 2.4%, driven by volume, with total sales increasing to £894m (FY24 H1: £872m)
Another strong digital performance, with 39% of total sales generated through digital channels (FY24 H1: 36%)
Market share increased to 7.8%, up 30bps on a calendar year basis
Growth in active customers of 4.3% in 2024
Further progress with their strategic priorities: elevate their product offer; connect with more customers; and harness their operational capabilities
