James Halstead increases its 2014 final dividend by 16.7%

DividendMax Ltd.

James Halstead increases its 2014 final dividend by 16.7%

Key Figures

 

 

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Revenue at £223.5 million (2013: £217.1 million) - up 3%

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Profit before tax  £41.8 million (2013: £40.5 million) - up 3.1%

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Earnings per 5p ordinary share of 15.2p  (2013: 14.5p) -  up 4.8%

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Final dividend per ordinary share proposed of 7.0p (2013: 6.0p) - up 16.7%

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Nil net gearing

 

 

 

 

Mr Mark Halstead, Chief Executive, commenting on the results, said:

 

"We remain on track to continue growth, and following a decade which has seen a financial crisis and a global construction contraction and in which we have doubled turnover, tripled our profit after tax and quadrupled the dividend, I can only say not bad at all."

Dividend

 

Our profit and earnings per share have increased and our cash reserves remain robust. It is pleasing to report that the Board proposes, once again, an increased final dividend. The final dividend will be 7.0p (2013: 6.0p) representing a 16.7% increase which combined with the interim dividend, paid in June 2013, of 3.0p (2013: 2.75p) makes a total of 10.0p (2013: 8.75p) for the year, an increase of 14.3%.

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