IMI declares 2% increase in dividend

DividendMax Ltd.

IMI declares 2% increase in dividend

Reflecting continued confidence in the Group's prospects, the Board is recommending that the interim dividend be increased by 2% to 14.9p (2018: 14.6p), which will be paid on 13 September 2019 to shareholders on the register at the close of business on 9 August 2019. 

Other financial highlights include:

First half results in-line with expectations

Good cash delivery

Precision Engineering continues to be impacted by Industrial Automation weakness

Full year rationalisation charges to be c.£35m with c.£30m annualised savings

Strong order growth and robust margins in Critical Engineering 

Good progress on Hydronic Engineering margin improvement

Customer at centre of immediate improvement actions

Strategic review well underway

Companies mentioned