WPP increases its 2015 interim dividend by 36.9%

DividendMax Ltd.

WPP increases its 2015 interim dividend by 36.9%

Reported billings up 5.0% at £23.156 billion, up 5.0% in constant currency

Reported revenue up 6.8% at £5.839 billion in sterling, down 2.6% at $8.901 billion in dollars, up 19.9% at €7.990 billion in euros and up 14.6% in yen at ¥1.072 trillion

Constant currency revenue up 6.4%, like-for-like revenue up 4.9%

Constant currency net sales up 4.7%, like-for-like net sales up 2.3%

Reported net sales margin of 13.3%, up 0.3 margin points versus last year, up 0.4 margin points on a constant currency and like-for-like basis, well ahead of the full year margin target

Headline reported profit before interest and tax £669 million, up 7.6%, and up 7.9% in constant currency

Headline profit before tax £596 million up 12.1%, up 13.2% in constant currency

Profit before tax £710 million up 44.5%, up 45.6% in constant currency reflecting net exceptional gains

Reported profit after tax £601 million up 51.7%, up 51.8% in constant currency

Headline diluted earnings per share 33.5p up 14.7%, up 15.2% in constant currency

Reported diluted earnings per share 43.0p up 59.3%, up 58.8% in constant currency

Dividends per share 15.91p up 36.9%, a pay-out ratio of 47.5%, significantly higher than the traditionally lower first-half pay-out ratio and in line with achieving a 50% pay-out ratio in two years

Share buy-backs continue above target at £405 million in the first half, up from £390 million last year, equivalent to 2.0% of the issued share capital against 2.3% last year

Targeted dividend pay-out ratio of 50% likely to be achieved by the end of 2016

Return on equity for the 12 months to 30 June 2015 increased to 15.9% from 15.2% for the previous 12 month period

Including all associates and investments, revenue totals over $26 billion annually and people average over 190,000

Companies mentioned