Pennon increases 2013 full year dividend by 7.3%

DividendMax Ltd.

Pennon increases 2013 full year dividend by 7.3%

FINANCIAL HIGHLIGHTS

 


 

·    

Profit before tax down 1.1% to £198.2m

 


-

South West Water up 7.5% to £152.1m

 


-

Viridor down 36.6% to £36.5m

 

·    

Net exceptional charges £176.4m (post tax £140.2m)

 

·    

Earnings per share down 9.9% to 42.6p

 

·    

Dividend

 


-

Full year dividend up 7.3% to 28.46p

 


-

Recommended final dividend per share up 7.7% to 19.70p

 

·    

Group capital expenditure up 61% to £439m(3)

 

·    

Strong liquidity and funding position

 


-

£782m(4) new/refinanced facilities since 31 March 2012

 


-

£1,150m cash and facilities at 31 March 2013(5)

 

·    

£300m hybrid capital issuance provides substantial additional funding and strengthens balance sheet

 

·    

Group businesses well positioned for the future

 

 

Companies mentioned