Dixons Carphone increases its 2017 interim dividend by 8%

DividendMax Ltd.

Dixons Carphone increases its 2017 interim dividend by 8%

Highlights: Interim results for the 26 weeks ended 29 October 2016

• Group H1 like-for-like revenue up 4%; Q2 like-for-like up 4%; statutory revenue for H1 up 11%

• Market share gains across all markets

• Group Headline PBT of £144 million (2015/16: £121 million), up 19%

• Group Headline EBIT of £153 million (2015/16: £135 million)

• Group Headline basic EPS from continuing operations 10.9p (2015/16: 7.5p)  

• Statutory profit before tax of £104 million (2015/16: £78 million) after non-Headline charges of £40 million (2015/16: £43 million), statutory basic EPS of 8.1p (2015/16: 4.8p)

• Interim dividend of 3.5p, payable in January 2017, an increase of 8%

• Free cash flow(8) of £65 million (2015/16: £64 million) and net debt of £285 million (2015/16: £378 million)

• CWS: Announcement of connected home partnership with SSE

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