Ibstock increases its 2016 final dividend by 20%

DividendMax Ltd.

Ibstock increases its 2016 final dividend by 20%

Financial Highlights:

Group revenue up 5% to £435 million

Adjusted EBITDA up 4% to £112 million

Adjusted EPS of 18.1 pence

Net debt to EBITDA reduced to 1.2x, after £59 million of capex

Return on capital employed at 19%, after £44 million of capex on major projects

Continued strong cash conversion of 88% 

Final dividend of 5.3 pence per share (2015: 4.4 pence per share) making the full year 2016 dividend 7.7 pence per share

Companies mentioned