Recent articles for private investors with a focus on dividend announcements
Headlam group increases its 2016 full year dividend by 8.9% and pays a special
Financial Highlights:
Travis Perkins increases its 2016 full year dividend by 2%
Revenue increased by 4.6%, like-for-like revenue up 2.7% (6.6% two-year like-for-like)
Adjusted operating profit, excluding property profits, increased by £3m to £392m (2015: £389m)
The balance sheet was further strengthened with net debt reduced by £69m to £378m
Strong free cash flow generation of £436m at a cash conversion rate of 107% (2015: 77%), used to fund £187m of growth capital expenditure
Full-year dividend increased 2.3% to 45.0p per share, reflecting confidence in cash generation
Network expansion continued, with net 25 new branches and stores opened (82 gross)
Lease adjusted return on capital employed reduced to 10.9% reflecting continued investment in network expansion, store refits and IT which will underpin future earnings growth and cash generation
An exceptional non-cash impairment charge of £235m has been taken against the goodwill and intangible and tangible assets, principally in the plumbing & heating and tile businesses
An exceptional charge was taken to the income statement of £57m to cover the previously announced closure of underperforming branches, supply chain rationalisation and central restructuring.
Arrow Global increases its 2016 full year dividend by 28.7%
Final dividend of 6.4p proposed, bringing total dividends for 2016 to 9.1p per share, up 28.7% on 2015 and representing a 35% pay-out
ITV increases its 2016 final dividend by 20% and pays special
Revenue growth driven by double-digit increase in non-NAR
Meggitt increases its 2016 full year dividend by 5%
Good organic order intake supports 2017 growth expectations
Provident Financial increases its 2016 full year dividend by 12.1%
Strong financial performance and dividend increase
Moneysupermarket increases its 2016 full year dividend by 8%. Announces Buyback.
Group revenues up 12% led by strong quarter four trading.
Persimmon increases its Capital return plan
Given the strong progress the Group has made, the Board announced an acceleration of, and an increase to, the Capital Return Plan on 23 February 2016. Minimising financial risk and retaining flexibility for reinvestment in the business remain key priorities. The Board is of the firm belief that the prioritisation of capital discipline through the housing cycle is critical to the successful delivery of sustainable, superior shareholder value and, therefore, maintained the original long term Capital Return Plan period commitment to 2021.
Rightmove increases its 2016 full year dividend by 19%
Revenue up 15% year on year with growth across all business areas
Lloyds Bank increases its 2016 full year dividend by 13%
Good underlying performance with strong improvement in statutory profit
John Wood increases its 2016 full year dividend by 10%
Oil & gas markets remained very challenging in 2016; lower oil prices endured and activity fell
EBITA of $363m in line with expectations2, down 22.8% on 2015. Adjusted EPS of 64.1c down 23.7%.
Despite lower volumes and pricing pressure, impact on EBITA and margin partly offset by: - Robust management of utilisation and decisive action on cost: headcount down 18%, overheads reduced by a further $96m - Commercial contract close outs on significant and legacy projects contributed $29m of EBITA
Balance sheet remains robust: Net debt, including JVs of $331m. Net debt to EBITDA of 0.8x
Proposed dividend up 10% in line with stated intention. Dividend cover of 1.9 times (2015: 2.8 times). Intention is to pursue a progressive dividend policy from 2017, taking into account cash flows and earnings
Exceptional costs of $140m net of tax include $89m in respect of further impairment and restructuring of EthosEnergy and charges in respect of reorganisation, delayering and back office rationalisation in our core business
Oil & gas market continues to present challenges in 2017. Modest recovery anticipated only in selected areas such as US onshore and greenfield offshore projects
One Wood Group reorganisation together with sustainable overhead savings position the Group well for the longer term
Segro increases its 2016 final dividend by 5.7%
Strong results, financial position and momentum, with a high quality pipeline of growth opportunities.
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