Clarkson increases its 2017 full year dividend by 12%

DividendMax Ltd.

Clarkson increases its 2017 full year dividend by 12%

Clarkson 2017 final Results

Strong performance aided by early signs of recovery across shipping markets

Underlying profit before taxation increased 12% to £50.2m (2016: £44.8m)

Underlying earnings per share up 11% to 116.8p (2016: 105.2p)

Robust balance sheet, including a 14% increase in free cash resources1 to £54.1m (2016: £47.3m)

Dividend increased by 12% to 73p; 15 years of consecutive dividend increases

Free cash resources are cash and cash equivalents and current investment deposits, after deducting amounts accrued for performance-related bonuses, outstanding loan notes and monies held by regulated entities.

Companies mentioned