Recent articles for private investors with a focus on dividend announcements
Unite Group PLC announce a full year dividend of 12.75p
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.
Polypipe Group announce a proposed final 2020 dividend of 4.8p per share
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.
Antofagasta PLC announce final dividend of 48.5 cents per share declared
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.
Sabre Insurance announces a final dividend of 6.8pence per share combined with a special dividend of 4.9pence per share
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.
Ocean Wilson Holdings announces a proposed dividend unchanged at US 70 cents per share
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.
Bodycote PLC announces a final dividend of 13.4pence per share
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.
Brooks Macdonald announce interim dividend raised by 9.5% to 23.0p
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.
Morrison's PLC announce final ordinary dividend 5.11p, taking the full-year ordinary dividend up 5.6% to 7.15p
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).
Savills PLC announce final ordinary dividend of 17.0p reflecting the resilience of the less transactional business performance
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.
WPP announce a final dividend of 14pence per share
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.
Derwent London have proposed a final dividend raised 1.9% to 52.45p
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.
Hill & Smith announce a final dividend of 17.5p recommended, taking total dividend for the year to 26.7p
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.
CLS PLC announce final dividend of 15pence per share
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%)
Tritax announces 1.17125 pence per share
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.
FDM Group announce final dividend of 15pence per share
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
Balfour Beatty announce a recommended a final dividend of 1.5 pence, in accordance with new sustainable dividend policy
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.
Quilter PLC announces final dividend of 3.6pence per share
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).
Spirax Serco total dividend up by 7% to 118.0p
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.
Legal & General announces a final dividend of 17.57 pence per share
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.
M&G PLC announce an ordinary dividend of 12.23p per share, in line with policy of a stable or increasing dividend
The M&G PLC Board have announced a final dividend of 12.12pence per share
TP ICAP PLC announce final dividend of 2pence per share
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).
Keller PLC announce a recommended final dividend of 23.3p
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.
Domino's Pizza PLC announce a final dividend of 9.1pence per share
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
Headlam PLC announce a final dividend of 2pence per share
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.
Science Group PLC announce a recommended dividend of 4.0 pence
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.
Standard Life Aberdeen announce a final dividend of 7.3pence per share
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
Ultra Electronics announce a final dividend of 41.5pence per share
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.
Direct Line announce a proposed final ordinary dividend of 14.7 pence per share, increased 2.1%
The Direct Line Group's solvency capital ratio, prior to any dividends or incremental capital returns, was 213% as at 31 December 2020. The Board has recommended a final dividend of 14.7 pence, an increase of 2.1% on the special interim dividend of 14.4 pence announced at the time of their interim results, which reflected a full catch up of the cancelled 2019 final dividend.
Clarkson PLC announce a final dividend of 54pence per share
In March 2020, the Clarkson PLC Board announced that it had deferred its decision on the amount and timing of the 2019 final dividend to give the business the time it needed to assess the financial impact of COVID-19. The Company has clearly risen to the challenges presented and its robust cash position gave the Board confidence to announce in August that the Company would pay the equivalent of the 2019 final dividend of 53p per share as an interim dividend on 21 September 2020 and a further interim dividend for 2020 of 25p per share (2019: 25p per share) on 11 December 2020.
Pearson PLC announces 13.5pence per share final dividend
Pearson PLC announces a proposed final dividend of 13.5p (2019: 13.5p), which equates to a full year dividend of 19.5p (2019: 19.5p).
Diversified Gas & Oil have declared a dividend of $4cents per share
Diversified Gas & Oil are recommending a final quarterly dividend of $0.04/share, bringing the full-year 2020 dividend to $0.1525/share, 10% higher than 2019 ($0.1392/share), supported by accretive growth of its low-decline, long-life assets
Gore Street Energy Storage announces a final dividend of 2pence per share
The Board of Directors (the "Board") of Gore Street is today declares an interim dividend of 2.0 pence per share for the period 1 October 2020 to 31 December 2020. The dividend will be paid on or around 9 April 2021 to shareholders on the register on 18 March 2021.
Phoenix Group PLC announce a final dividend of 24.1pence per share
Phoenix Group PLC have recommended a final dividend of 24.1p per share reflects a 3% increase on the 2020 interim dividend (23.4p per share) and equates to a 2020 full year dividend of 47.5p per share (2019: 46.8p per share).
London Stock Exchange announces a final dividend of 51.7 pence per share
The London Stock Exhange Group announces a proposed final dividend of 51.7 pence per share, resulting in a 7% increase in the full year dividend to 75.0 pence per share, reflecting good performance and confident outlook for the new Group
ConvaTec announce final dividend of 3.983pence per share
The ConvaTec Board is proposing a final dividend of 3.983 cents to per share and therefore a 2020 full year dividend of 5.7 cents per share, in line with the 2019 full year dividend. This is outside their stated policy of 35% to 45% of adjusted net profit but is a reflection of the Board's confidence in the future performance of the Group, its underlying financial strength, realised distributable reserves position, cash generation and liquidity.
Essentra PLC announce a final dividend of 3.3pence per share
Given the Essentra's resilient performance, encouraging outlook and strong financial position, the Board recommends a resumption of dividend payments, with a FY 2020 final dividend of 3.3p per share. The dividend payment being proposed is to be funded in full from cash flows generated from the operations of the Company during 2020
Hunting PLC final dividend of 4.0 cents per share proposed
Final dividend proposed by the Board. Hunting's resilience through the past 12 months demonstrates its ability to respond decisively despite challenging market conditions, while also executing key strategic initiatives that will deliver future growth.
Synthomer PLC final 2020 dividend of 8.6 pence in line with Group's dividend policy
Following the reintroduction of the 2020 interim dividend the Synthomer Board has recommended a final ordinary dividend of 8.6p (2019: nil p) per share. Taken with the 2020 interim ordinary dividend of 3.0p (2019: 4.0p) per share, the total ordinary dividend is 11.6p (2019: 4.0p). The total dividend for the year is in line with the Group's dividend policy with the dividend representing 40% of the Underlying earnings per share. The final dividend per share is subject to shareholder approval at the Annual General Meeting on 29 April 2021 and will be payable on 5 July 2021 to those shareholders registered at the close of business on 3 June 2021.
Tyman PLC announce final dividend of 49pence per share
As a result of uncertainty surrounding the COVID-19 pandemic, the Tyman PLC Board took the decision to cancel the 2019 final dividend of 8.35 pence per ordinary share that was proposed with the 2019 results announcement on 5 March 2020. Furthermore, no interim dividend was declared in 2020. As a result of the strong performance in the second half of 2020 and the robust balance sheet position, the Board considers it appropriate to declare a modest final dividend for 2020. A final dividend of 4.0 pence per share (2019: nil pence), equivalent to £7.8 million based on the shares in issue as at 31 December 2020, will be proposed at the Annual General Meeting (2019: £nil). The total dividend declared for the 2020 financial year is therefore 4.0 pence per share (2019: 3.9 pence), an increase of 2.6%. This equates to a Dividend Cover of 6.8x. The Board intends to return to a progressive dividend policy when conditions allow.
Hansard Global proposes an interim of 1.8pence per share
Taking into account the current financial position and future outlook, the Hansard Gobal Board has resolved to maintain its interim dividend at 1.8p per share (H1 2020: 1.8p per share). This will be paid on 20 April 2021 with an ex-dividend date of 11 March 2021.
LondonMetric Property announces third quarterly interim dividend of 2.1 pence per share
LondonMetric Property Plc ("LondonMetric") today declares its third quarterly interim dividend of 2.1 pence per Ordinary Share ("Dividend"), which is a 5% increase on the previous year's third quarterly dividend.
Aviva announce final dividend of 14pence per share
On 3 March 2021, the Directors agreed a recommendation to shareholders of a final dividend of 14.0 pence per share on Aviva ordinary shares. Subject to shareholder approval at the 2021 Annual General Meeting, the final dividend for the year ending 31 December 2020 will be paid on 14 May 2021 to shareholders on the Register of Members at the close of business on the record date of 9 April 2021. Holders of Aviva American Depository Receipts (ADRs) will be paid the dividend approximately four business days after the payment to ordinary shareholders. The last election date for the Dividend Reinvestment Plan (DRIP) is 22 April 2021.
Galliford Try PLC announce a resumption of dividend under a new and enhanced dividend policy, with an interim dividend of 1.2p per share declared
The Galliford Try Board recognises the importance of dividends to shareholders, and in formulating its dividend policy has taken into account the Group's return to profitability, its strong balance sheet and high quality order book as well as its longer term prospects.
Schroders PLC announce final dividend of 79pence per share
The Schroders Board continues to maintain a robust capital position. Accordingly, and reflecting resilient financial performance, the Board will recommend to shareholders a final dividend of 79.0 pence (2019: 79.0 pence), which is unchanged from 2019. This will bring the total dividend for the year to 114.0 pence (2019: 114.0 pence). The final dividend will be paid on 6 May 2021 to shareholders on the register at 26 March 2021.
Vesuvius PLC announce a final dividend of 14.3pence per share
The Board Vesuvius has recommended a final dividend of 14.3 pence, bringing the total dividend for the year to 17.4 pence per share (2019: 6.2 pence per share, following the cancellation of the 14.3p proposed final 2019 dividend).
Melrose Industries PLC announces a dividend of 0.75pence per share
Having taken the decision to withdraw the final 2019 dividend and not pay an interim 2020 dividend due to the impact of the global pandemic, the Melrose Industries Board is pursuing the stability and performance of the Group and since then has enabled a proposed final dividend for 2020 of 0.75 pence per share (2019: nil). With no 2020 interim dividend having been paid, this represents the total dividend for the year (2019: 1.7 pence). It should be noted that all payments received by the Group under the UK Coronavirus Job Retention Scheme were fully repaid last year.
Morgan Advanced Materials announce a in a dividend of 3.5 pence per share
The Morgan Advanced Materials Board is recommending a final dividend, subject to shareholder approval, of 3.5 pence per share on the Ordinary share capital of the Group, payable on 21 May 2021 to Ordinary shareholders on the register at the close of business on 30 April 2021. The ex-dividend date is 29 April 2021.
Assura PLC announces a 0.71pence per share dividend
Assura PLC today announces that the next quarterly interim dividend of 0.71 pence per share will be paid on 14 April 2021 to shareholders on the register on 12 March 2021 (the "Record Date"). The Ex-dividend Date will be 11 March 2021.
Rathbone Brothers PLC announce final dividend of 47p
The Rathbone board recommends a final dividend of 47p for 2020 (2019: 45p), making a total of 72p for the year (2019: 70p), an increase of 2.9% on 2019. This reflects confidence in the outlook for the business and its strong capital position. The dividend will be paid on11 May 2021.
Vistry PLC announce a resumed final dividend of 20pence per share
The Vistry Board confirms the resumption of dividend payments with a 20 pence per share final dividend proposed in respect of 2020. Going forward the group is targeting to maintain a strong balance sheet while operating with a progressive dividend policy which allows the Group to move towards a 1.75x dividend cover over time.
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