John Laing 2015 full year results
Successful listing on the London Stock Exchange in February 2015, raising net proceeds of £121.3 million
15.4% increase in Net Asset Value (NAV), from £771.1 million at 31 December 2014 to £889.6 million
NAV per share at 31 December 2015 of 242p (2014 - 210p pro forma)
New investment commitments of £180.5 million versus an annual average of £135 million over the previous four years
Realisations of £86.3 million from the sale of investments
Profit before tax (pro forma) of £106.6 million compared to £120.4 million in 2014
11% increase in external Assets under Management (AuM) to £1,136 million
Cash yield from investment portfolio of £38.9 million (2014 - £24.3 million)
Continuing international growth with investment commitments in seven different countries: Australia, France, Germany, Ireland, Sweden, the UK and the US
Final dividend of 5.3p per share in line with policy (including a special dividend of 2.1p per share)
In our IPO prospectus, the Board set out its policy to pay a base dividend of £20 million. For 2015, this is reduced pro-rata for the period from the date of listing. Consistent with this, we are recommending a final base dividend for 2015 of 3.2p per share.
In the policy, the Board also said that it intended to distribute special dividends of approximately 5% - 10% of gross proceeds from the sale of investments on an annual basis, subject to specific investment requirements in any one year. Accordingly, I am pleased to say the Board is also recommending a special dividend for 2015 of 2.1p per share. This is equivalent to applying the mid-point of the 5% - 10% range to our realisations guidance for 2015 of approximately £100 million.
The total final dividend therefore amounts to 5.3p per share, which, together with the interim dividend of 1.6p paid in October 2015, makes a total dividend for 2015 of 6.9p per share. The final dividend will be put to shareholders for their approval at the Company's Annual General Meeting (AGM) which will be held on 12 May 2016.
The WH Smith Board has a progressive dividend policy and expects that over time dividends would be broadly covered twice by earnings calculated on a normalised tax basis. The Board has proposed a final dividend of 41.0p per share, an increase of 8% on the prior year, giving a total ordinary dividend per share of 58.2p, an 8% increase on the prior year.Read more
Bellway have announced that their growth in earnings has enabled the board to recommend a 5.3% increase in the final dividend to 100.0p per share (2018 - 95.0p), increasing the proposed total dividend for the year by 5.2% to 150.4p per share (2018 - 143.0p).Read more
The Walker Greenbank Board has declared an interim dividend of 0.52p per share (H1 2018: 0.69p) with the previous year's dividend pay-out ratio expected to be maintained for the current financial year. The interim dividend will be payable on 22 November 2019 to shareholders on the register as at 25 October 2019.Read more
As a result of the progress made with their strategy, the Morses Club Board is delighted to declare an interim dividend of 2.6p per shareRead more
The N Brown Group Plc Board is declaring an interim dividend of 2.83p per share which is flat on last year's interim dividend.Read more
Volution paid an interim dividend of 1.60 pence per share in May 2019. On the basis of their results and financial position, the Volution Board has proposed a final dividend of 3.30 pence per share, giving a total dividend for the financial year of 4.90 pence (2018: 4.44 pence per share), an increase of 10.4% on the previous year.Read more
Despite the underlying profit before tax being down year-on-year, the Board is proposing to increase the interim dividend by 0.05p (2.9%) to 1.80p, which is in line with our stated dividend policy of cover being between 1.5 and 2.0 times underlying earnings per share.Read more
PHP announces the payment of its fourth quarterly interim dividend in 2019 of 1.4 pence per ordinary share of 12.5 pence each (Ordinary Shares). The dividend will comprise a Property Income Distribution (PID) of 0.5 pence per share and an ordinary dividend of 0.9 pence per share. The Company will be offering a scrip alternative with this dividend.Read more
The Board has declared an interim dividend of 7.8p (2018: 17.9p), which will be payable on 22 November 2019 to shareholders on the register at the close of business on 11 October 2019.Read more
The interim dividend has been set at 2.65 pence per ordinary share, an increase of 58.7% year-on-year. The interim dividend was approved by the Board of Directors on 1 October 2019. As previously announced, they anticipate a split of broadly one-third to two-thirds between the interim and final dividend and expect a full year dividend pay-out ratio of 50%.Read more