CVS Group increases its 2017 full year dividend by 28.6%

DividendMax Ltd.

CVS Group increases its 2017 full year dividend by 28.6%

CVS Group 2017 Final Results

Revenue up 24.6% to £271.8m

Like-for-like sales growth for the Group of +6.3%

Healthy Pet Club members up 20.9% to 306,000

Adjusted EBITDA up 28.2% to £42.1m

Adjusted earnings per share up 32.1% to 42.8 pence per share

Acquired and integrated 62 surgeries during the year

10 surgeries acquired after the year end

Now operate 432 surgeries

Dividend

It is proposed to pay a dividend of 4.5p per share in December 2017, a 28.6% increase on the 3.5p per share paid in 2016. The increased scale and growth of our business can support a meaningful increase in the level of dividend whilst retaining sufficient funds to continue to grow the business. If approved at the Annual General Meeting, the dividend will be paid on 8 December 2017 to shareholders on the register on 24 November 2017. The ex-dividend date will be 23 November 2017.

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