Recent articles for private investors with a focus on dividend announcements
Pennon GP The Pennon Group Board has evaluated the Group's dividend for H1 2020/21 in light of the COVID-19 pandemic and has concluded that it is appropriate for Pennon to continue to deliver on its dividend commitment. The Group has significant cash and liquidity of c.£3.5 billion, has not received any Government support measures and has delivered on its WaterShare+ commitment, sharing £20 million of outperformance with customers. c.60% of Pennon's shareholders are UK based pension funds, charities, employees, customers and other retail holders who rely on this income. In addition, one in 16 household customers opted to become Pennon shareholders through WaterShare+, marking significant customer ownership for a listed utility and more than tripling the number of Pennon shareholders.
Severfield announce an interim dividend of 1.1p per share The Severfield board considers the dividend to be a very important component of shareholder returns. Accordingly, based on its current assessment of the performance of the business, the outlook for the year and a strong balance sheet and cash position, the board has decided to maintain the interim dividend at 1.1p per share (2019: 1.1p per share).
Caledonia plc announce dividend maintained, with the interim increased by 2.4% to 17.0p per share The Caledonia board has declared an interim dividend of 17.0p per share, an increase of 2.4% on last year's interim, at a total value of £9.3m. This will be paid to shareholders on 7 January 2021.
UDG Healthcare announces a proposed 1.6% increase in final dividend to 12.54 $ cent per share, giving a full year dividend increase of 1.2% to 17.00 $ cent per share The UDG Healthcare directors are proposing a final dividend of 12.54 $ cent per share representing an increase of 1.6% on the 2019 final dividend of 12.34 $ cent per share. This represents 1.2% growth in the total dividend for the year to 17.00 $ cent per share. This continues the Group's 30 year history of consistently increasing dividends.
Pets at Home announce an interim dividend of per share of 2.5p, maintained with the prior year The Pets at Home Board has recommended an interim dividend of 2.5 pence per share, maintained with the prior year. The interim dividend will be payable on 8 January 2021 to shareholders on the register at the close of trading on 4 December 2020.
Treatt plc announces a final dividend of 4.16pence per share The Treatt Directors are to propose a final dividend of 4.16p per share (2019: 3.80p), which represents an increase in the total dividend for the year of 9.1% to 6.00p (2019: 5.50p). If approved by shareholders at the Annual General Meeting, the final dividend will be payable on 18 March 2021 to all shareholders on the register at the close of business on 5 February 2021.
Cranswick announces an interim dividend increased by 12.0% to 18.7p The Cranswick interim dividend is being increased by 12.0% to 18.7 pence per share from 16.7 pence per share previously. The dividend will be paid on 29 January 2021 to Shareholders on the register at the close of business on 18 December 2020. Shareholders will again have the option to receive the dividend by way of a scrip issue.
LXI announces an interim dividend of 1.35 pence per share As guided in its announcement on 17 September 2020, the Board of LXi REIT plc (ticker: LXI), the specialist inflation-protected very long income REIT, has declared an interim quarterly dividend in respect of the quarter ended 30 September 2020 of 1.35 pence per ordinary share, payable on 30 December 2020 to shareholders on the register at 4 December 2020. The ex-dividend date will be 3 December 2020.
Sirius Real Estate announces a 2.8% increase in 1.5x covered dividend per share to 1.82c The Sirius Real Estate Board has declared a dividend for the six months ended 30 September 2020 of 1.82c per share, representing a pay-out ratio of 65% of FFO, and an increase of 2.8% on the 1.77c dividend relating to the same period last year that was based on 67% of FFO.
Daily Mail announces a full year dividend increased +1% to 24.1p The Daily Mail Board reconsidered the dividend policy carefully during the year and, despite the weaker profit outcome and deteriorating global economy, resolved to leave it unchanged. The policy is to grow the dividend per share in real terms and, in the medium term, to distribute around one-third of the Group's adjusted earnings. It aims to deliver a reliable and predictable dividend growth trajectory, unaffected by fluctuations in earnings or capital gains, while also being sufficiently prudent to make significant investments in the long-term future growth of the business.
Carr's Group announces a final dividend of 2.5pence per share The Carr's Group Board is proposing a final dividend of 2.5 pence per share which, together with the interim dividend of 2.25 pence per share declared in July 2020, makes a total dividend for the year of 4.75 pence per share (2019: 4.75p). The final dividend, if approved by Shareholders, will be paid on 15 January 2021, to shareholders on the register on close of business 4 December 2020, and the shares will go ex-dividend on 3 December 2020.
Euromoney announces a return to paying dividends In recognition of the strong balance sheet and confidence in the business, the Euromoney Board has decided to resume dividend payments and recommend a final dividend for the financial year 2020 of 11.4 pence per share. (2019: 22.3 pence per share). The dividend policy is to pay out approximately 40% of adjusted diluted earnings per share, subject to the capital needs of the business. This recommendation is subject to shareholder approval at the AGM on 11 February 2021 and, if approved, will be paid on 16 February 2021 to shareholders on the register at the close of business on 27 November 2020. The Board chose not to declare an interim dividend, so the total dividend for the year ended 30 September 2020 is 11.4 pence per share, (2019: 33.1 pence dividend).
Johnson Matthey announces an interim dividend of 20.0p per share The Johnson Matthey group maintains a strong balance sheet, good access to liquidity and is cash generative. In a challenging period, operating performance improved progressively through the first half, although remains below the prior year with heightened levels of uncertainty persisting. In considering all these factors and recognising the importance of dividends to shareholders, the board has approved an interim dividend of 20.0 pence per share (1H 2019/20: 24.5 pence per share).
CMC announces an interim dividend of 9.20 pence The CMC Board has declared an interim dividend of 9.20 pence per share (H1 2020: 2.85 pence per share), with a view to paying a final dividend in line with the Group's policy of 50% of profit after tax. The interim dividend will be paid on 18 December 2020 to those members on the register at the close of business on 27 November 2020.
Halma announce an interim dividend increase by 5% The Board has declared an increase of 5% in the interim dividend to 6.87p per share (2019/20: 6.54p per share). The interim dividend will be paid on 5 February 2021 to shareholders on the register on 29 December 2020.
Mortgage Advice Bureau proposes a final dividend of 12.8p per share The Mortgage Advice Bureau Board hads intended to propose an increased final dividend of 12.8 pence per share for the year ended 31 December 2019, but in light of the Coronavirus pandemic the Board proposed and shareholders approved a final dividend of 6.4 pence per share, with the Board stating its intention to pay a further dividend of 6.4 pence per share when it was considered prudent to do so.
LondonMetric Property announces dividend progression of 5% to 4.2p LondonMetric Property plc has continued to declare quarterly dividends and has offered shareholders a scrip alternative to cash payments.
British Land announce interim dividend of 8.4p per share The British Land board confirm that they will be resuming dividend payments with an interim dividend of 8.4p per share, which is set at 80% of Underlying EPS. Going forward, dividends will be paid semi-annually as opposed to quarterly, to be announced at the interim and full year results based on the most recently completed six-month period. This policy ensures dividends will reflect the impact of development completions, acquisitions, disposals and trading conditions as they change over time. It maximises future strategic and financial flexibility.
SSE have announced an interim dividend of 24 pence, down 18% reflecting dividend policy outlined in May 2018 SSE have announced an intention to recommend full-year dividend of 80p per share plus RPI inflation and continue to target RPI increases in the two subsequent years as set out in the 2023 dividend plan.
Homeserve announces interim dividend up 7% to 6.2p The interim dividend of 6.2p per share (HY20: 5.8p), an increase of 7%, will be paid on 8 January 2021 to shareholders on the register on 11 December 2020.
Imperial Brands announces an annual dividend of 137.7 pence per share reflecting rebased payment announced in May The Imperial Brand Board approved a further interim dividend of 48.00 pence per share and will propose a final dividend of 48.01 pence per share, bringing the total dividend for the year to 137.71 pence per share. The third interim dividend will be paid on 31 December 2020 with an ex-dividend date of 26 November 2020. Subject to AGM approval, the proposed final dividend will be paid on 31 March 2021, with an ex-dividend date of 20 February 2021.
Intermediate Capital announces interim ordinary dividend up 13% to 17.0p per share In line with their stated policy that the interim dividend will equate to a third of the prior-year total, the Board has approved an interim dividend of 17.0p, an increase of 13%. The dividend will be paid on 8 January 2021 to shareholders on the register on 11 December 2020. They will continue to make the dividend reinvestment plan available.
Telecom Plus announces an interim dividend maintained at 27p per share An interim dividend of 27.0p per share will be paid by Telecom Plus on 11 December 2020 to shareholders on the register at close of business on 27 November 2020. The estimated amount of this dividend to be paid is approximately £21.2m and, in accordance with IFRS accounting requirements, has not been recognised in these accounts.
Experian announces first interim dividend of 14.5 US cents per ordinary share A first interim dividend of 14.5 US cents per ordinary share will be paid by Experian on 5 February 2021 to shareholders on the register at the close of business on 8 January 2021 and is not included as a liability in these interim financial statements. The first interim dividend for the six months ended 30 September 2019 was 14.5 US cents per ordinary share and the total dividend per ordinary share for the year ended 31 March 2020 was 47.0 US cents, with a total full year cost of US$424m. Further administrative information on dividends is given in the Shareholder information section on page 46. Dividend amounts are quoted gross.
Big Yellow announces 17.0 pence per share interim dividend Big Yellow have declared an interim dividend of 17.0 pence per share, which is a decrease of 0.6% on the prior period, broadly in line with adjusted earnings per share. This has all been declared as Property Income Distribution ("PID"). The total dividend for the full year will be determined in line with their stated policy.
Qinetiq announces 2.2p interim dividend The Qinetiq final dividend in respect of the year ended 31 March 2020, usually payable in August, had been deferred whilst the impact of COVID-19 on the Company was being assessed. Due to the success of the Company's COVID-19 mitigating actions and a strong cash performance in the first half of 2021, the final dividend for 2020 will now be paid on 16 November 2020. The final dividend per share of 4.4p ensures that the total dividend for 2020 remains at the same level (of 6.6p) as the prior year.
Redcentric announces the reinstatement of a dividend Further to the business' good trading performance throughout the COVID-19 pandemic, the closure of the restitution scheme, as detailed below, and the low levels of net debt, the Redcentric Board has decided to reinstate their dividend payments and with these results announces an interim dividend of 1.2p per share which will be paid on 31 December 2020 to shareholders on the register at the close of business on 20 November 2020. As part of its review of strategy going forward, the Board will consider its final dividend policy and will make its recommendation at the time of release of the Company's preliminary results for FY21.
Volex announces a reinstated interim dividend of 1.2p per share Further to the business' good trading performance throughout the COVID-19 pandemic, the closure of the restitution scheme, as detailed below, and the low levels of net debt, the Volex Board has decided to reinstate dividend payments and with these results announces an interim dividend of 1.2p per share which will be paid on 31 December 2020 to shareholders on the register at the close of business on 20 November 2020. As part of its review of strategy going forward, the Board will consider its final dividend policy and will make its recommendation at the time of release of the Company's preliminary results for FY21.
Great Portland Estates announces an interim dividend maintained The Great Portland Estates Board has declared an interim ordinary dividend of 4.7 pence per share (2019: 4.7 pence) which will be paid on 5 January 2021. All of this dividend will be a REIT Property Income Distribution (PID) in respect of the Group's tax-exempt property rental businesFRS and EPRA NTA per share of 800 pence, down 7.8% over six months
3i Infrastructure announces a 3.9pence interim dividend The 3i Infrastructure Board is announcing the payment of an interim dividend of 4.9 pence per share, scheduled to be paid on 11 January 2021 to holders of ordinary shares on the register on 27 November 2020. The ex-dividend date will be 26 November 2020. As an investment trust, the Company is permitted to designate dividends wholly or partly as interest distributions for UK tax purposes. The Board is designating 3.9 pence of the 4.9 pence interim dividend as an interest distribution.
DCC plc interim dividend increased by 5.0% to 51.95 pence per share Notwithstanding the uncertainty created by the Covid-19 pandemic, DCC has traded strongly during the first half of the financial year, has a very resilient business model and an extremely strong and liquid balance sheet. As with the prior year final dividend and having regard to all relevant considerations, the Board has decided to pay an interim dividend of 51.95 pence per share, which represents a 5.0% increase on the prior year interim dividend of 49.48 pence per share. This dividend will be paid on 9 December 2020 to shareholders on the register at the close of business on 20 November 2020.
Electrocomponents announce dividend reinstated supported by strong free cash flow generation Electrocomponents announce aividend payments resumed given increased confidence in business model and financial strength
The Oxford Instruments board supports an interim dividend of 4.1p Robust trading and positive cash generation through the period has resulted in the The Oxford Instrument Board declaring an interim dividend of 4.1p per share, following last year's declared interim dividend of 4.1p, which, during the early stages of the pandemic, the Board decided not to pay.
Land Securities announce a reinstated dividend of 12.0p per share One of the first steps Land Securities took to manage the effects of Covid-19 was to suspend dividend payments in April in order to conserve cash in the face of significant uncertainty. Over the subsequent six months, they claim to have seen trading conditions, particularly in terms of rent collection and outlook, begin to improve and consequently they are pleased to be reinstating our dividend alongside these interim results. They are resuming quarterly dividends commencing with a 12.0p per share payment on 4 January 2021, representing an aggregated payment for the first two quarters of the year.
RDI announces an interim dividend of 5.0pence per share The RDI board of directors of the Company has approved an interim dividend (the "cash dividend") of 5.0 pence per share in respect of the year ended 31 August 2020.
Tate & Lyle announces an interim dividend maintained at 8.8p per share The Tate & Lyle Board is recommending an unchanged interim dividend for the six months to 30 September 2020 of £41 million or 8.8p per share. This will be paid on 6 January 2021 to all shareholders on the Register of Members on 20 November 2020. In addition to the cash dividend option, shareholders will continue to be offered a Dividend Reinvestment Plan alternative.
Sainbury's announces an interim dividend of 3.2p, in line with policy of paying 30 per cent of prior full year dividend In April the Sainsbury's Board chose, due to limited visibility at the time on the potential impact of COVID-19 on the business, to defer dividend payment decisions and did not pay a final dividend for the 2019/20 financial year. In the light of improved visibility, strong trading and a strong balance sheet position, the Board has chosen to pay a special dividend in lieu of a final dividend for the 2019/20 financial year. The dividend of 7.3p is aligned to policy of 1.9x full year dividend cover by underlying earnings. This will be paid on 18 December 2020 to shareholders on the Register of Members at the close of business on 13 November 2020.
AVEVA plc announces interim dividend maintained at 15.5 pence per share AVEVA intends to pay an interim dividend of 15.5 pence per share. The interim dividend will be payable on 5 February 2021 to shareholders on the register on 8 January 2021. If, as expected, the proposed Rights Issue to facilitate the acquisition of OSIsoft has completed prior to the record date of 8 January 2021, then the Rights Issue shares will also be eligible to receive the interim dividend and the proposed dividend per share will be adjusted to reflect the bonus element of the Rights Issue. The revised dividend per share will be notified as soon as this is known.
Lok'NStore announces an annual dividend of 13 pence per share up 8.3% The Lok’NStore Board is confident in the strength of the business and capacity of the management team to trade effectively through this period, on the basis of their results, and accordingly deems it appropriate to continue to pursue the Group's progressive dividend policy.
Diversified Gas & Oil has declared an interim dividend of 4.00 cents per share Diversified Gas & Oil PLC (LSE: DGOC), the U.S. based owner and operator of natural gas, natural gas liquids, oil wells and midstream assets, has announced that the Board has declared an interim dividend of 4.00 cents per share in respect of 3Q20 for the three month period ended 30 September 2020, a 14% increase over 3Q19 (3.50 cents) and a 7% increase over 2Q20.
Hipgnosis Songs Fund announces interim dividend Hipgnosis Songs Fund Limited is to announce the Company's interim dividend (the 'Dividend') for the period from 1 July 2020 to 30 September 2020 in respect of the Ordinary shares.
Airtel Africa announces an interim dividend Airtel Africa plc ("Airtel Africa"), a leading pan-African provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, today announces that the Board has confirmed an interim dividend of $1.5c per ordinary share which will be paid on or around 11 December 2020. The Interim dividend will be paid in U.S. Dollars, although Airtel Africa plc offer their shareholders the opportunity to elect to receive their dividend payments in Pounds Sterling or Naira via Currency Elections.
Softcat announces reinstatement of dividend Softcat announces a total ordinary dividend of 16.6p including the previously cancelled interim dividend of 5.4p. In aggregate the ordinary dividend is 11.4% up on the combined interim and final dividend of prior year (14.9p).
Vesuvius plc announces 3.1 pence per share The Vesuvius Board has declared an interim dividend for 2020 of 3.1 pence per share (2019: 6.2 pence per share), to be paid on 4 December 2020 to shareholders on the register at the close of business on 30 October 2020. Any shareholder wishing to participate in the Vesuvius Dividend Reinvestment Plan needs to have submitted their election to do so by 13 November 2020.
Bellway plc announces a dividend payment resumed, reduced to 50.0p per share Bellway plc announces dividend payments resumed, with a Board proposal to pay a reduced final dividend of 50.0p per share (2019 - 100.0p). The Board expects to increase the quantum of future dividend payments over time, commensurate with the Group's recovery in earnings.
Bioventix announces a second interim dividend of 52p per share and a special dividend of 53p per share After a strong performance of the business during the year generating cash balances at the year-end of £8.1 million. Whilst considering the impact of the pandemic on the core business, the Bioventix Board has determined that is appropriate to maintain the established dividend policy in the immediate future. For the current year, the Board is pleased to announce a second interim dividend of 52 pence per share which, when added to the first interim dividend of 36 pence per share makes a total of 88 pence per share for the current year.
Tristel plc announce dividend per share for the full year increased by 12% to 6.18p The Tristel Group has continued to be cash generative and on 30 June 2020 the cash balance was £6.2m (2019: £4.2m). During the year, the Group spent £0.6m to acquire 80% of Tristel Italia Srl from its local management. In line with the Company's ordinary dividend policy, the Board is recommending that the final dividend is 3.84 pence (2019: 3.50 pence), an increase of 10%. Including the interim dividend of 2.34 pence (2019: 2.04 pence), and the proposed final dividend, the total dividend for the year will be 6.18 pence (2019: 5.54 pence), an increase of 12%.
Netcall announces final ordinary dividend of 0.25p, an increase of 25% The Netcall Board is proposing a final dividend for this financial year of 0.25p (FY19: 0.20p). If approved, the final dividend will be paid on 9 February 2021 to shareholders on the register at the close of business on 29 December 2020
Tesco plc announces an interim dividend per share 3.20p The interim dividend has been set at 3.20 pence per ordinary share, 20.8% higher year-on-year, in line with a pre-determined policy of setting an interim dividend at 35% of the prior year full-year dividend. The interim dividend was approved by the Board of Directors on 6 October 2020. As previously announced, Tesco plc expects to maintain a full year dividend pay-out ratio of 50% going forward.
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