DividendMax

Investor News

Recent articles for private investors with a focus on dividend announcements

DividendMax Limited
The International Public Partnerships Company aims to manage its finances efficiently, to provide the financial flexibility to pursue new investment opportunities, whilst minimising levels of unutilised cash holdings. Efficient financial management is achieved through actively monitoring cash held and generated from operations, ensuring cash covered dividends and managed levels of corporate costs. This is supported by appropriate hedging strategies and prudent use of the Company's corporate debt facility ('CDF').
DividendMax Limited
The Kenmare Board is recommending a 22% increase in dividends for 2020 with a final dividend of USc7.69 per share. In line with plans to increase shareholder returns, they are also increasing their target dividend payment from a minimum of 20% profit after tax to 25% for 2021.
DividendMax Limited
The TClarke Board is proposing a final dividend of 3.65p (2019: 3.65p), maintaining the 2019 dividend level. Total dividend for the year therefore remains at 4.4p (2019: 4.4p). The dividend is covered 2.2 times by underlying earnings. TClarke recognises that many of its shareholders invest for dividends.
DividendMax Limited
The proposed interim dividend was approved by the Bellway Board on 23 March 2021 and, in accordance with IAS 10 'Events after the Reporting Period', has not been included as a liability in these condensed consolidated interim financial statements. The interim dividend will be paid on Thursday 1 July 2021 to all ordinary shareholders on the Register of Members on Friday 21 May 2021. The ex-dividend date is Thursday 20 May 2021.
DividendMax Limited
The Softcat Board is pleased to declare an interim dividend of 6.4p per share (2020: 5.4p), amounting in total to £12.7m. The interim dividend will be payable on 14 May 2021 to shareholders on the register at the close of business on 1 April 2021. Shares in the Company will be quoted ex-dividend on 31 March 2021. The dividend reinvestment plan ("DRIP") election date is 23 April 2021.
DividendMax Limited
Following the outbreak of COVID-19, in May 2020 the Personal Group Board took the decision to reduce the second quarter dividend as a measure of prudence amidst the uncertain trading environment resulting from the pandemic. In November 2020, the Company also announced that, in light of further national lockdown restrictions and ongoing uncertainty at that time, any payment of its fourth and final dividend in respect of its financial year ending 31 December 2020 would be made following publication of its audited full year results in March 2021. 
DividendMax Limited
The Boot Board regularly reviewed the Group's financial position and considered the impact of CV-19 on trading conditions when deciding whether to continue paying a dividend during the pandemic. Given the Group's confidence in our strong balance sheet and that we operate in markets that will continue to deliver returns over the longer term, the Board has proposed to continue to pay a dividend and concluded to pay a final dividend of 3.3p, which together with the 2.2p interim dividend, gives a total of 5.5p (2019: 5.0p) for the year. Payment of the final dividend is subject to shareholder approval at the Annual General Meeting and will be paid on 28 May 2021 to shareholders on the register as at 30 April 2021.
DividendMax Limited
Mortgage Advice Bureau announce a proposed final dividend of 19.2p (payout ratio of 75% on adjusted profit after tax(2)), making proposed total dividends for the year of 25.6p (2019: 17.5p)
DividendMax Limited
The Judges Scientific Board is recommending a final dividend of 38.5p per share subject to approval at the forthcoming Annual General Meeting on 26 May 2021, which will make a total distribution of 55.0p per share in respect of 2020 (2019: 50.0p per share, excluding the special dividend). Despite the impact of the pandemic on financial performance in 2020, the total dividend per share is 3.2 times covered by adjusted earnings per share (2019: 4.5 times). Their policy of increasing the dividend by a minimum of 10% per year is only sustainable because there is ample cover.
DividendMax Limited
Alliance Pharma announce a proposed final dividend payment of 1.074p per share, giving a total dividend of 1.610p (2019: 0.536p)
DividendMax Limited
The Cenkos Securities Board is confident in the Group's strong capital position and encouraged by the strategic direction it is heading in and has announced a 2.5p final dividend which brings the full year dividend to 3.5p a share. Since being admitted to AIM they have returned £115.1m of cash to shareholders, equivalent to 178.3p per share, before the payment of the proposed 2020 final dividend of 2.5p per share.
DividendMax Limited
The Kingfisher Board have confirm that they will be resuming dividend payments beginning with a proposed total dividend of 8.25 pence per share (approximately £175 million) in respect of the year ended 31 January 2021. The proposed dividend of 8.25 pence per share comprises an interim dividend of 2.75 pence per share in respect of the six months ended 31 July 2020 and a final dividend of 5.50 pence per share. The final dividend is subject to the approval of shareholders at the Annual General Meeting on 30 June 2021, and will be paid alongside the interim dividend on 5 July 2021 to shareholders on the register at close of business on 4 June 2021.
DividendMax Limited
The Centamin Board has proposed a final dividend of 3 US cents per share, equating to US$34.7 million to be distributed to shareholders, subject to shareholder approval at the annual general meeting on 11 May 2021
DividendMax Limited
Sanne Group PLC remains well placed to continue delivering a resilient financial performance and capture the growth potential in their markets. Reflecting confidence in this, the Board is recommending a final dividend of 9.9 pence per ordinary share (2019: 9.4 pence), taking the total dividend for the year, including the interim dividend of 4.8 pence per share, to 14.7 pence per share (2019: 14.1 pence in total).
DividendMax Limited
Subject to shareholder approval at the Annual General Meeting on 6 May 2021, the EMIS Board proposes an increase in the final dividend to 16.0p (2019: 15.6p) per ordinary share, payable on 14 May 2021 to shareholders on the register at the close of business on 16 April 2021. This would make a total dividend of 32.0p (2019: 31.2p) per ordinary share for 2019. This is 3% higher than in the prior year, reflecting a balance of the challenging trading environment experienced in 2020 with the consistent underlying growth of the Group and its positive future prospects.
DividendMax Limited
The 888 Holdings Board of Directors is recommending a final dividend of 10.4¢ per share in accordance with 888's dividend policy, plus an additional one-off 1.6¢ per share to acknowledge the record-breaking performance of the Group in 2020, bringing the total for the year to 18.0¢ per share (2019: 6.0¢ per share).
DividendMax Limited
In 2019, the Genel Energy Boards confidence in their business plan to replace and grow producing asset cash generation at value accretive cost was demonstrated by the commencement of a material and sustainable dividend, and $41 million was distributed to shareholders in the year. 
DividendMax Limited
The Fevertree Group remains committed to a progressive dividend policy and as such, the Board is recommending a final dividend of 10.27 pence per share in respect of 2020 (2019: 9.88 pence per share) bringing the total dividend for the year to 15.68 pence per share (2019: 15.08 pence per share). If approved by shareholders at the AGM on 20 May 2021 the final dividend will be paid on 28 May 2021 to shareholders on the register on 9 April 2021.
DividendMax Limited
In respect of the strong operational and financial performance in 2020, coupled with transition to net cash position and continued healthy iron ore prices, Ferrexpo have announced a further special interim dividend is being proposed of 39.6 US cents. Total dividends paid in respect of 2020 amount to 72.6 US cents (2019: 19.8 US cents).
DividendMax Limited
Following the cancellation of the 2019 final and 2020 interim dividends, Centaur's resilience has given the Board confidence to propose a final dividend of 0.5p per share for the 2020 financial year. The Board is also recommending a resumption of their normal dividend policy which aims to distribute 40% of adjusted earnings after taxation, subject to a minimum of 1p per share, and will also consider resuming further returns of capital to shareholders once the longer-term impact of Covid on the Group's cash flows becomes clearer.
DividendMax Limited
Polypipe Group Directors intend that the Group would pay the total annual dividend in two tranches, an interim dividend and a final dividend, to be announced at the time of announcement of the interim and preliminary results respectively, with the interim dividend being approximately one half of the prior year's final dividend. During the Covid-19 pandemic, as part of cash preservation measures, the Directors cancelled the final 2019 dividend, and no interim 2020 dividend was paid. 
DividendMax Limited
The Antofagasta Board has declared a final dividend for 2020 of 48.5 cents per share, which together with the interim dividend of 6.2 cents per share amounts to a total dividend of 54.7 cents per share. This is equal to a 100% pay-out ratio.
DividendMax Limited
 The STV Board has recommended a return to cash dividend payments and a final dividend of 6.0p per share for 2020, giving a full year cash equivalent dividend of 9.0p, +43% on 2019
DividendMax Limited
Unite Group PLC are proposing a final dividend payment of 12.75p per share (2019: nil), making 12.75p for the full year (2019: 10.25p). The final dividend will be fully paid as a Property Income Distribution (PID) of 12.75p, which they expect to fully satisfy our PID requirement for the 2020 financial year.
DividendMax Limited
The interim dividend and special dividend will be declared in US dollars. Following the additional US listing of Ferguson ordinary shares which was effective on March 8, 2021 the default payment currency for dividends is US dollars. Shareholders who were on the register as at close of business on March 5, 2021 with no alternative currency election in place will have been defaulted to receive dividends in pounds sterling. Shareholders who were not on the register before close of business on March 5, 2021 and who would like to elect to receive dividends in pounds sterling or any shareholders who would like to amend their currency election with respect to the 2021 interim dividend and special dividend, may do so online or by contacting Computershare. The last day for election for the proposed interim dividend and special dividend is April 13, 2021 and any requests should be made in good time ahead of that date.
DividendMax Limited
The Sabre Insurance Directors have proposed a total final dividend of 11.7p per share in respect of 2020, consisting of an ordinary final dividend of 6.8p per share and a special dividend of 4.9p. The total amount proposed to be distributed to shareholders by way of dividends for 2020 is therefore 16.0p per share, including the ordinary interim dividend of 4.3p per share. This does not include the special dividend of 5.2p per share paid in August 2020, which represented a deferral of the 2019 special dividend. Including this, the total dividend paid and declared in respect of 2020 is 21.2p per share. Excluding the capital required to pay this dividend, the Group's SCR coverage ratio at 31 December 2020 would be 155%. This is consistent with the Group's policy to pay an ordinary dividend of 70% of profit after tax, and to consider passing excess capital to shareholders by way of a special dividend.
DividendMax Limited
The Close Brothers Group have annouced an interim dividend of 18.0p (H1 2020: £nil) reflecting the group's strong performance in the first half and continued confidence in our business model and financial position. The interim dividend is due to be paid on 28 April 2021 to shareholders on the register at 26 March 2021.
DividendMax Limited
Dividends are set in US Dollars and are normally paid annually. The Ocean Wilsons dividend policy is to pay a percentage of the average capital employed in the investment portfolio determined annually by the Board and the Company's full dividend received from Wilson Sons in the period after deducting funding for the parent company costs. The Board may review and amend the dividend policy from time to time in light of future plans and other factors.
DividendMax Limited
The Board is proposing a final dividend of 13.4p, which brings the total ordinary dividend for 2020 to 19.4p. This continues Bodycote's uninterrupted 30+ year track record of growing or maintaining the dividend and reflects the Board's confidence in the Group's future earnings and cash flow potential.
DividendMax Limited
The Brooks MacDonald Group has a progressive dividend policy, growing dividends in line with the Group's underlying earnings. The Board recognises the importance of dividends to shareholders and the benefit of providing sustainable shareholder returns. In determining the level of dividend in any year, the Board considers a number of factors such as the level of retained earnings, future cash commitments, statutory profit cover, capital and liquidity requirements and the level of profit retention required to sustain the growth of the Group. The Board has declared an interim dividend of 23.0p (H1 FY20: 21.0p). This represents an increase of 9.5% compared to the previous period. The interim dividend will be paid on 16 April 2021 to shareholders on the register as at 19 March 2021. Refer to Note 9 of the Condensed consolidated financial statements for more details.
DividendMax Limited
The Morrison's PLC announce a proposed final ordinary dividend is 5.11p per share, taking the full-year ordinary dividend up 5.6% to 7.15p (2019/20: 6.77p). This is both consistent with our announcement in December 2020 that the final 2020/21 dividend would be based on underlying profit before the impact of waiving £230m of business rates relief, and is in line with our policy to pay a sustainable ordinary dividend covered around two times by EPS before exceptionals. In addition, with the previously deferred H2 2019/20 special dividend of 4.00p declared in December 2020 and paid in January 2021, the full-year total dividend is up 27.1% to 11.15p (2019/20: 8.77p).
DividendMax Limited
Derwent London dividends declared in relation to 2019 earnings were 1.4 times covered by EPRA earnings and therefore, though EPRA earnings have dropped by 3.6% this year, they have been able to recommend a 1p per share increase in the final dividend for 2020 to 52.45p.
DividendMax Limited
The WPP Board is proposing a final dividend for 2020 of 14.0p per share, which together with the interim dividend paid in November 2020 gives a full-year dividend of 24.0p per share. The record date for the final dividend is 11 June 2021, and the dividend will be payable on 9 July 2021.
DividendMax Limited
As a result of the uncertainty caused by the pandemic, the Savills PLC final dividend and supplemental interim dividend for 2019 were cancelled and no interim ordinary dividend was declared during 2020. A final ordinary dividend of 17.0p is recommended, reflecting the resilience of the less Transactional business performance in 2020, making the aggregate ordinary dividend 17.0p for the year (2019: 4.95p, interim ordinary dividend). Due to the impact of the pandemic on the Group's transactional profits during 2020 and the advisability of maintaining liquid resources through 2021, no supplemental interim dividend is declared. The final ordinary dividend of 17.0p per ordinary share will, subject to shareholders' approval at the AGM on 12 May 2021, be paid on 18 May 2021 to shareholders on the register at 9 April 2021.
DividendMax Limited
FDM Group announce final dividend of 15.0 pence per share, following a first interim dividend of 18.5 pence per share declared in July 2020 and a second interim dividend of 13.0 pence per share declared in January 2021, giving a total dividend for the year of 46.5 pence, an increase of 191% on 2019's dividend of 16.0 pence
DividendMax Limited
In March 2020, the Hill & Smith Board made the decision to cancel the 2019 final dividend as a prudent measure to preserve £18m of cash given the COVID-19 related business closures and high levels of uncertainty. Given the improving trading performance and more positive outlook going into the third quarter, announced the resumption of dividend payments with the declaration of an interim dividend for 2020 of 9.2p per share in August 2020. Based on the strong trading performance and cash generation in the second half, the Board is recommending a final dividend of 17.5p per share, making a total dividend for the year of 26.7p per share. Underlying dividend cover remains a conservative 2.4 times.
DividendMax Limited
The Board of Directors of Tritax Big Box REIT plc (ticker: BBOX) has today declared an interim dividend in respect of the period from 1 October to 31 December 2020 of 1.7125 pence per ordinary share, payable on or around 1 April 2021 to shareholders on the register on 19 March 2021. The ex-dividend date will be 18 March 2021.
DividendMax Limited
A CLS PLC announce a proposed final dividend of 5.20 pence per share to be paid on 29 April 2021, resulting in a total 2020 dividend of 7.55 pence per share, an increase of 2.0% (2019: 7.40 pence per share) and total accounting return for the year of 8.1% (2019: 9.3%)
DividendMax Limited
The Legal & General businesses and balance sheet have shown resilience during the COVID-19 pandemic. As a long-term company, they act prudently and take into consideration all of their stakeholders. As indicated at the Capital Markets event in November, the Board has declared a final dividend of 17.57p per share, flat against the prior year.
DividendMax Limited
The Quilter Board has recommended a final dividend of 3.6 pence per share at a total cost of £61 million. Subject to shareholder approval, the recommended final dividend will be paid on 17 May 2021 to shareholders on the UK and South African share registers on 9 April 2021. For shareholders on our South African share register a dividend of 76.88786 South African cents per share will be paid on 17 May 2021, using an exchange rate of 21.35774. This will bring the dividend for the full year to 4.6 pence per share (2019: 5.2 pence per share).
DividendMax Limited
The Spirax Sarco Board is recommending an increase in the final dividend of 8% to 84.5 pence per share (2019: 78.0 pence). Subject to approval of the final dividend by shareholders at the Annual General Meeting (AGM) on 12th May 2021, the total Ordinary dividend for the year will be 118.0 pence per share, an increase of 7% over the 110.0 pence per share for the prior year.
DividendMax Limited
The Balfour Beatty Board is committed to a sustainable ordinary dividend which is expected to grow over time, targeted at a pay-out ratio of 40% of underlying profit after tax excluding gain on disposal of Investments assets.
DividendMax Limited
Ultra's dividend policy has a through-cycle target of circa two times normalised cash and earnings cover. The 2020 proposed final dividend of 41.5p (2019: 39.2p postponed final dividend paid in September 2020) per share is proposed to be paid on 14 May 2021 to shareholders on the register at 9 April 2021 subject to approval at the Annual General Meeting. This will result in a final full year dividend of 56.9p (2019: 54.2p), which will be covered 2.3 times by underlying EPS.
DividendMax Limited
Domino's Pizza PLC announce a total dividend for FY20 of 9.1p per share proposed as a final dividend to be paid on 4 May 2021
DividendMax Limited
The M&G PLC Board have announced a final dividend of 12.12pence per share
DividendMax Limited
The Science Group PLC Board announced in May 2020 that the final dividend in respect of 2019 would be withdrawn due to the Covid-19 pandemic. In October 2020, an interim dividend of 2.0 pence per share was paid at a cost of £0.8 million. 
DividendMax Limited
Notwithstanding the COVID-19 pandemic, the Board decided that it would be appropriate to maintain the 2019 final dividend and declare an interim dividend for 2020, prudently at the same level as in 2019. The continuation of dividend payments during 2020 reflected the financial strength of the Group, its significant liquidity position and the longer term confidence in the performance of the business.
DividendMax Limited
For 2020, the TP ICAP Board is recommending a final dividend per share (DPS) of 2p that equates to £16m. The dividend will be paid on 18 May 2021 (with a record date of 9 April 2021). 
DividendMax Limited
The Standard Life Aberdeen Board remains committed to delivering a dividend that is sustainable over the medium term. Reflecting current operating profitability, industry trends, and economic and market uncertainties, the Board is rebasing the dividend to a level from which it can be grown
DividendMax Limited
Headlam PLC will be paying a nominal ordinary dividend of 2 pence per share in May 2021. Details of the payment, alongside the payment timetable for future dividends, are given in the Financial Review.
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All DividendMax content is provided for informational and research purposes only and is not in any way meant to represent trade or investment recommendations. We accept no liability whatsoever for any decision made or action taken or not taken. Nothing shall substitute for the independent investigations and sound judgement of our users.
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