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Ferguson increases its 2018 full year dividend by 21%

Investment Tools Ltd.
Ferguson increases its 2018 full year dividend by 21%

Ferguson 2018 Final results

− US ongoing revenue growth of 11.3% including 9.9% on an organic basis and continued market share gains.

− Gross margin in the ongoing business was 0.3% ahead of last year.

− Good US residential and commercial markets and strong industrial market.

− Solid trading performance in Canada.

− UK trading profits lower in challenging markets, restructuring programme continuing.

− Completed 13 acquisitions for $415 million with 5 further acquisitions since year end for $240 million.

− Completed disposal of Nordics business and initiated the disposal of Wasco, our remaining business in Central Europe.

− Returned over $2 billion to shareholders during the year through dividends and buybacks.

− Proposed final dividend re-based upwards, 21% ahead of last year.

Companies mentioned

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