Domino's Pizza increases its 2017 interim dividend by 7.1%

DividendMax Ltd.

Domino's Pizza increases its 2017 interim dividend by 7.1%

Financial highlights

Group system sales up 10.5%

o UK system sales up 6.5%: 40 new stores, 2.4% like-for-like growth (ex-splits), (2.3)% total drag from splits

o Nordics consolidation adds £14.9m system sales in the period

Underlying PBT up 9.1% and Underlying Basic EPS up 9.9%

Strong cash generation and further debt, funding investment programme and shareholder returns

o Group Net debt of £61m, or 0.6 x EBITDA

Recommended interim dividend +7.1% to 3.75p; £20m share purchases in H1 2017

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