Accuracy Coverage Pricing Contact

Redecentric increase dividend 2 times adjusted earnings

Investment Tools Ltd.
Redecentric increase dividend 2 times adjusted earnings

Redcentric decided to increase the dividend to reflect a cover of 2 times adjusted earnings. This will result in a final dividend of 1.0p per share.

Financial Highlights

Revenue of £93.3m (FY18: £100.0m), including £81.0m (86%) of recurring revenue (FY18: £87.1m, 87%)

Adjusted EBITDA of £16.7m (FY18: £18.1m) and adjusted EBITDA margin of 17.9% (FY18 18.1%)

Adjusted basic EPS of 3.89p (FY18: 4.35p). Statutory EPS of (1.32)p (FY18: 0.34p)

Adjusted cash flow from operations of £21.3m (FY18: £22.6m)

Net debt reduction of £10.1m to £17.6m (FY18: £27.7m)

 Enhanced dividend policy announced with a cover of 2x adjusted earnings, doubling the pay-out ratio announced at the half year

 Final dividend of 1.0p per share resulting in a total dividend for the year of 1.4p

The Board to request authority for a share buyback programme of up to 5% of the issued share capital at the upcoming AGM

Companies mentioned

Latest News

Investment Tools Limited

The Wetherspoons board has proposed, subject to shareholders' approval, to pay an unchanged final dividend of 8.0p per share, on 28 November 2019, to shareholders on the register on 25 October 2019, giving an unchanged total dividend for the year of 12.0p per share. The dividend is covered 5.8 times (2018: 5.3 times).

Read more
Investment Tools Limited

The Brooks Macdonald Board has recommended a final dividend of 32.0 pence (FY18: 30.0 pence) which, subject to approval by shareholders, will result in total dividends for the year of 51.0 pence (FY18: 47.0 pence). This represents an increase of 8.5% on the previous year and reaffirms the Board's confidence in the strength of the business and their commitment to a progressive dividend policy. The final dividend will be paid on 8 November 2019 to shareholders on the register at the close of business on 27 September 2019.

Read more
Investment Tools Limited

Morrison Supermarkets have proposed an interim ordinary dividend which is up 4.3% to 1.93p. In addition, they are again proposing a special dividend of 2.00p per share, which will take the total interim dividend up 2.1% to 3.93p (2018/19: 3.85p).

Read more
Investment Tools Limited

The Epwin Board is pleased to announce a 3% increase in the interim dividend to 1.75 pence per ordinary share (2018: 1.70 pence), to be paid on 18 October 2019 to shareholders on the register on 20 September 2019.

Read more
Investment Tools Limited

The directors of Galliford Try PLC are recommending a final dividend of 35.0 pence per share which, subject to approval at the AGM, will be paid on 4 December 2019 to shareholders on the register at 8 November 2019.  This is in line with their policy of paying a dividend which is 2x covered by earnings. Together with the interim dividend of 23.0 pence per share paid in April, this will result in a total dividend for 2019 of 58.0 pence per share.

Read more
Investment Tools Limited

An interim dividend of 20.5 pence per share (H1 2018: 19.0 pence) has been declared and will be paid on 22 November 2019 to holders of ordinary shares on the register at the close of business on 27 September 2019.

Read more
Investment Tools Limited

The Directors of Hilton Food have approved the payment of an interim dividend of 6.0p per share payable on 29 November 2019 to shareholders who are on the register at 1 November 2019.

Read more
Investment Tools Limited

The Vectura Board has announced a proposed special dividend of approximately £40m to be accompanied by a share consolidation, both subject to shareholder approval, with a £10m on-market share buyback to commence following the share consolidation. The Board also intends to undertake a further on-market £10m buyback, to be announced in due course after the completion of the first tranche.

Read more
Investment Tools Limited

The JD Sports Board has proposed paying an interim dividend of 0.28p (2018: 0.27p) per ordinary share, an increase of 3.7%. This dividend will be paid on 3 January 2020 to shareholders on the register at 29 November 2019. They continue to believe that it is in the longer term interests of all shareholders to keep dividend growth restrained so as to maximise the available funding for their ongoing growth opportunities.

Read more
Investment Tools Limited

The Board has declared an interim dividend of 2p per share payable on 11 October 2019 to shareholders registered on the record date 20 September 2019.

Read more
More News