Recent articles for private investors with a focus on dividend announcements
Air Partner declares an interim dividend of 1.80p, an increase of 0.05p (2.9%) on the prior year
Despite the underlying profit before tax being down year-on-year, the Board is proposing to increase the interim dividend by 0.05p (2.9%) to 1.80p, which is in line with our stated dividend policy of cover being between 1.5 and 2.0 times underlying earnings per share.
Ted Baker cuts dividend by 56.4% to 7.8p per share
The Board has declared an interim dividend of 7.8p (2018: 17.9p), which will be payable on 22 November 2019 to shareholders on the register at the close of business on 11 October 2019.
PHP announces quarterly interim dividend of 1.4pence per share
PHP announces the payment of its fourth quarterly interim dividend in 2019 of 1.4 pence per ordinary share of 12.5 pence each (Ordinary Shares). The dividend will comprise a Property Income Distribution (PID) of 0.5 pence per share and an ordinary dividend of 0.9 pence per share. The Company will be offering a scrip alternative with this dividend.
Tesco announce an interim dividend of 2.65p, +58.7%; expect full year dividend pay-out ratio of 50%
The interim dividend has been set at 2.65 pence per ordinary share, an increase of 58.7% year-on-year. The interim dividend was approved by the Board of Directors on 1 October 2019. As previously announced, they anticipate a split of broadly one-third to two-thirds between the interim and final dividend and expect a full year dividend pay-out ratio of 50%.
ScS announce a recommended final dividend of 11.20p per share, full year dividend of 16.70p per share, an increase of 3.1%
The ScS dividend policy aims to ensure they target improving returns to shareholders, with earnings cover in the range of 1.25x to 2.00x and cash cover in the range of 1.75x to 2.25x. With this in mind, the Board is proposing a final dividend of 11.20p. If approved, this would give a full-year dividend of 16.70p, an increase of 3.1% on the full-year dividend for 2018.
NewRiver has declared a second quarterly dividend of 5.4 pence per share
NewRiver is pleased to announce that it has declared a second quarterly dividend of 5.4 pence per share in respect of the year ending 31 March 2020. This dividend will be paid as a Property Income Distribution (PID).
Ferguson Plc are proposing a final dividend of 145.1 cents which brings the total dividend to 208.2 cents, 10 per cent ahead of last year.
Since the end of the financial year, the Directors have proposed a final ordinary dividend of $332 million (145.1 cents per share). The dividend is subject to approval by shareholders at the Annual General Meeting and is therefore not included in the balance sheet as a liability at 31 July 2019.
Next Fifteen interim dividend up 15.7% from 2.16p to 2.5p per share
The Next Fifteen Board has resolved to pay an interim dividend of 2.5p per share, which is a 15.7% increase on the interim dividend for last year. This will be paid on 22 November 2019 to shareholders whose names appear on the register of members at close of business on 25 October 2019.
James Halstead announce final dividend per ordinary share proposed of 10.0p- up 3.6%
The James Halstead board proposes an increased final dividend. The final dividend will be 10.0p (2018: 9.65p) representing a 3.6% increase which, combined with the interim dividend paid in June 2019 of 4.0p (2018: 3.85p), makes a total of 14.0p (2018: 13.5p) for the year, an increase of 3.7%.
Caledonia Mining announce dividend of 6.857 US cent per share
Caledonia's strategy to maximise shareholder value includes a quarterly dividend policy which the board of directors adopted in 2014. It is expected that the current dividend of twenty-seven and a half United States cents per annum, paid in equal quarterly instalments, will be maintained.
CVS announces dividend increase of 10% to 5.5p per share
CVS has proposed to pay a dividend of 5.5p per share in December 2019, a 10.0% increase on the 5.0p per share paid in 2018. The financial performance of the business and its strong cash generation support an increase in dividends whilst enabling the Group to retain sufficient funds for further investment in the business.
DFS Furniture announce a maintain dividend of 7.5p
The DFS Furniture Board has carefully considered the balance between regular dividends supported by the performance, expectations and capital needs of the Group and the return of capital where there is a surplus. They anticipate that value created over time will be delivered to shareholders through a combination of capital growth and dividends.
Centaur today announce a dividend equivalent to 3.5p per share, including a special dividend
Centaur media is today announcing a dividend payment of £5m, equivalent to 3.5p per share, payable on 25 October 2019. This includes a 2p per share special dividend as the first distribution of the proceeds from the recent disposals. Centaur intends to make further returns of cash in 2020 with these payments being subject to, inter alia, satisfactory group performance and ensuring the group has sufficient working capital to continue to invest in its strategy.
Close Brothers Group proposes a full year dividend per share of 66.0p, up 5%
The Close Brothers Group board is proposing a full year dividend of 66.0p (2018: 63.0p) per share, up 5%, in line with their progressive dividend policy.
Animalcare plc have declared an interim dividend of 2.0 pence per share, in line with the prior period
The Animalcare Board is proposing an interim dividend of 2.0 pence per share, in line with 2018. The interim dividend will be paid on 22 November 2019 to shareholders whose names are on the Register of Members at close of business on 25 October 2019. The ordinary shares will become ex-dividend on 24 October 2019.
Card Factory Plc announce an interim ordinary dividend of 2.9p per share, and a special dividend of 5.0p per share
The Card Factory Board has declared an interim ordinary dividend of 2.9 pence per share (FY19: 2.9 pence).
Mortgage Advice Bureau announce an interim dividend up 5% to 11.1p
The Board is pleased to confirm an interim dividend for the year ending 31 December 2019 of 11.1 pence per share (H1 2018: 10.6 pence per share), amounting to a cash outlay of £5.7m.
The AA declare a maintained interim dividend of 0.6p, in line with prior year
The AA Board has declared that the interim dividend will be 0.6 pence per share, in line with last year. It will be paid on 8 November 2019 to shareholders on the register on 4 October 2019 with the ex-dividend date set for 3 October 2019.
Flowtech Fluidpower Board announces a dividend increase of 5%
Flowtech Fluidpower Board is again pleased to confirm a 5% increase in our half-year dividend to 2.13p (2018: 2.03p), This interim dividend will be paid on 29 October 2019, to members on the Register at close of business on 4 October 2019. The shares will become ex-dividend on 3 October 2019.
An interim dividend of 4.00 pence per share has been declared by Barr (A.G.)
The Board has declared an interim dividend of 4.00 pence per share, payable on 25 October 2019 to shareholders on the register on 4 October 2019. This represents an increase on the prior year of 2.5% and reflects the Board's confidence in the Group's long-term growth prospects.
S&U declare interim dividend: up 6% to 34p per ordinary share
S & U propose to pay a first interim dividend this year of 34p per ordinary share (2018: 32p). This will be paid on the 15th November 2019 to shareholders on the register on the 25th October.
Moss Bros declares no dividend to be paid amidst "volatile trading environment"
Given the ongoing volatile trading environment, the Moss Bros Board is not recommending an interim dividend payment, continuing to give the business maximum flexibility for investment, whilst retaining a strong debt free balance sheet (2018/19 interim dividend 1.5 pence). Dividend Policy will be reviewed throughout the year, considering the overall yield, balanced against the wider investment needs of the business.
Smiths Group declare proposed final dividend of 31.80 pence per share. Full year dividend increased by 3%
The Smiths Group Board has a progressive dividend policy, aiming to increase dividends in line with long-term underlying growth in earnings and cash-flow. This policy enables them to retain sufficient cash-flow to finance investment in the drivers of growth and meet their financial obligations. In setting the level of dividend payments, the Board considers prevailing economic conditions and future investment plans, along with the objective to maintain minimum dividend cover of around 2.0x.
Kier group cut their dividend amidst poor financial performance
Kier group paid an interim dividend of 4.9p on 17 May 2019. However, the Company has suspended the final dividend for FY2019 and the dividend for FY2020. The Board will continue to review the Company's dividend policy for future financial periods.
Next are declaring an ordinary interim dividend of 57.5p per share, which is up +4.5% on last year.
Next are declaring an ordinary dividend of 57.5p, up +4.5% on last year, to be paid on 2 January 2020. Shares will trade ex-dividend from 5 December 2019 and the record date will be 6 December 2019.
Saga announce interim dividend of 1.3p, in line with the rebased dividend policy
The Saga Board of Directors has considered the early progress made in the implementation of the Group's revised strategy and is confident in the ability of Saga to achieve the full year target for Underlying Profit Before Tax of between £105m and £120m.
Games Workshop declares dividend of 35p per share
The Games Workshop Board has today declared a dividend of 35 pence per share. This is in line with the Company's policy to distribute truly surplus cash. This will be paid on 8 November 2019 for shareholders on the register at 27 September 2019, with an ex-dividend date of 26 September 2019. The last date for elections for the dividend re-investment plan is 11 October 2019.
Cenkos Securities declares an interim dividend of 2.0p
Cenkos' dividend policy, as stated in the 2018 Annual Report, is to use earnings and cash flow to underpin shareholder returns through a combination of dividend payments and share buy-backs into treasury. Their goal is to pay a stable ordinary dividend, reinvest in the firm and return excess cash to shareholders subject to capital and liquidity requirements and the prevailing market conditions and outlook. As at 30 June 2019, Cenkos had a capital resources surplus of £15.9 million (30 June 2018: £12.0 million) above the Pillar 1 regulatory capital requirement.
Kingfisher maintains an interim dividend of 3.33p per share
The Kingfisher Board has declared an interim dividend of 3.33p, flat on last year (2018/19: 3.33p). They continue to be comfortable with medium term dividend cover in the range of 2.0 to 2.5 times based on adjusted basic earnings per share, a level the Board believes is prudent and consistent with the capital needs of the business.
NAHL declares an interim dividend of 2.6p per share
The NAHL Board is declaring an interim dividend of 2.6p per share payable on 31 October 2019 to ordinary shareholders registered on 27 September 2019. Their policy is to have a dividend cover of twice underlying EPS, before exceptional costs and non-cash charges.
Central Asia Metals declares a dividend of 6.5p per share
The CAML Board of Directors is pleased to declare an interim dividend of 6.5 pence per ordinary share, which is in line with the Company's stated policy and consistent with the previous corresponding period. This will be paid on 25 October 2019 to shareholders registered on 4 October 2019.
Wetherspoons maintains dividend at 12.0p
The Wetherspoons board has proposed, subject to shareholders' approval, to pay an unchanged final dividend of 8.0p per share, on 28 November 2019, to shareholders on the register on 25 October 2019, giving an unchanged total dividend for the year of 12.0p per share. The dividend is covered 5.8 times (2018: 5.3 times).
Brooks Macdonald announces final dividend of 30.0p per share
The Brooks Macdonald Board has recommended a final dividend of 32.0 pence (FY18: 30.0 pence) which, subject to approval by shareholders, will result in total dividends for the year of 51.0 pence (FY18: 47.0 pence). This represents an increase of 8.5% on the previous year and reaffirms the Board's confidence in the strength of the business and their commitment to a progressive dividend policy. The final dividend will be paid on 8 November 2019 to shareholders on the register at the close of business on 27 September 2019.
Morrison Supermarkets announce their interim ordinary dividend is up 4.3% to 1.93p, and a special dividend of 2.0p
Morrison Supermarkets have proposed an interim ordinary dividend which is up 4.3% to 1.93p. In addition, they are again proposing a special dividend of 2.00p per share, which will take the total interim dividend up 2.1% to 3.93p (2018/19: 3.85p).
Epwin Group have declared an interim dividend of 1.75p per share, up 3%
The Epwin Board is pleased to announce a 3% increase in the interim dividend to 1.75 pence per ordinary share (2018: 1.70 pence), to be paid on 18 October 2019 to shareholders on the register on 20 September 2019.
Galliford Try PLC declare a full-year dividend of 58.0p. down from 77.0p the previous year
The directors of Galliford Try PLC are recommending a final dividend of 35.0 pence per share which, subject to approval at the AGM, will be paid on 4 December 2019 to shareholders on the register at 8 November 2019. This is in line with their policy of paying a dividend which is 2x covered by earnings. Together with the interim dividend of 23.0 pence per share paid in April, this will result in a total dividend for 2019 of 58.0 pence per share.
Bakkavor announce Interim dividend of 2.0p per share payable on 11 October 2019
The Board has declared an interim dividend of 2p per share payable on 11 October 2019 to shareholders registered on the record date 20 September 2019.
Hilton Foods announce interim dividend increase from 5.6p to 6.0p, an increase of 7.1%
The Directors of Hilton Food have approved the payment of an interim dividend of 6.0p per share payable on 29 November 2019 to shareholders who are on the register at 1 November 2019.
Bovis Homes have announced their interim dividend is up 8% to 20.5p per share reflecting confidence in business
An interim dividend of 20.5 pence per share (H1 2018: 19.0 pence) has been declared and will be paid on 22 November 2019 to holders of ordinary shares on the register at the close of business on 27 September 2019.
Sanne Group PLC declares interim dividend of 4.7p
The Sanne Board has declared an interim dividend of 4.7 pence per share (H1 2018: 4.6p). The dividend will be paid on 18 October 2019 to shareholders on the register as at the close of business on the record date of 20 September 2019.
JD Sports announces an interim dividend of 0.28p, a 3.7% increase
The JD Sports Board has proposed paying an interim dividend of 0.28p (2018: 0.27p) per ordinary share, an increase of 3.7%. This dividend will be paid on 3 January 2020 to shareholders on the register at 29 November 2019. They continue to believe that it is in the longer term interests of all shareholders to keep dividend growth restrained so as to maximise the available funding for their ongoing growth opportunities.
Vectura confirms proposed special dividend of approximately £40m in aggregate plus a £20m buyback programme
The Vectura Board has announced a proposed special dividend of approximately £40m to be accompanied by a share consolidation, both subject to shareholder approval, with a £10m on-market share buyback to commence following the share consolidation. The Board also intends to undertake a further on-market £10m buyback, to be announced in due course after the completion of the first tranche.
Abcam have proposed final dividend of 8.58p, taking the proposed total annual dividend to 12.13 pence per share, an increase of 1.1%
The Abcam's strong balance sheet and cash generation capability has allowed the Directors to propose an increase in the dividend for the year. Subject to approval at the AGM on 13 November 2019, the Board proposes to pay a final dividend of 8.58 pence (2017/18: 8.58 pence) per share.
SIG PLC maintain an interim dividend of 1.25p per share
The Group is declaring an interim dividend for 2019 of 1.25p (H1 2018: 1.25p) in line with its dividend policy of maintaining 2-3x earnings cover. The interim dividend will be paid on 8 November 2019 to shareholders on the register at close of business on 4 October 2019. The ex-dividend date is 3 October 2019.
Ashmore announce a final dividend of 12.10p per share
The Ashmore Board intends to pay a progressive ordinary dividend over time, taking into consideration factors such as the prospects for the Group's earnings, demands on the Group's financial resources, and the markets in which the Group operates.
Redrow declare final dividend of 20.5p per share, making 60.5p cash return per share to shareholders for the full year (including the B Share Scheme), up 116%
The Board has proposed a 2019 final dividend of 20.5p per share which will be paid on 13 November 2019 to Shareholders on the register on 20 September 2019, subject to Shareholder approval at the 2019 Annual General Meeting.
McBride announces reduced total dividend of 3.3p in-line with policy
In line with the policy on payments to shareholders, the McBride Group expects to distribute adjusted earnings to shareholders based on a dividend cover range of 2x-3x progressive with earnings of the Group, taking into account funding availability.
Go-Ahead maintain total dividend of 102.08p per share
The Go-Ahead Board is proposing a total dividend for the year of 102.08p per share (2018: 102.08p), consistent with the prior year.
Alumasc maintain dividend at 7.35p per share
The Alumasc Board has decided to recommend to shareholders an unchanged final dividend of 4.4 pence per share (2017/18: 4.4 pence), applicable to members on the share register on 27 September and to be paid on 31 October. This takes the total dividend for the year to 7.35 pence, again unchanged on the prior year.
Melrose have declared an interim dividend of 1.7 pence per share up 10%
The Melrose Board declared an interim dividend of 1.7 pence per share (2018: 1.55 pence), which is a 10% increase on last year and will be paid on 11 October 2019 to shareholders on the register at the close of business on 13 September 2019. The Board continues to align its dividend policy with the earnings of the Group and will use this basis to set future dividends, including for the final dividend for this year.
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