Wolseley increases its 2015 interim dividend by 10%

DividendMax Ltd.

Wolseley increases its 2015 interim dividend by 10%

Financial highlights

Revenue of the ongoing businesses 10.3% ahead of last year at constant exchange rates, including like-for-like growth of 7.8%.

Trading profit of the ongoing businesses £390 million, 12.0% ahead of last year at constant FX rates. 

Trading margin for the ongoing businesses up 20 basis points to 6.1%.

Impairment charge of £245 million relating to acquired intangibles in the Nordics arising from the acquisition of DT Group in 2006.

Good cash generation with net debt of £1,221 million after dividends and share buybacks of £358 million in the first half.

Interim dividend of 30.25 pence per share, an increase of 10.0%.

Companies mentioned