Ibstock have announced a 7% increase in their dividend from 3.0p per share to 3.2p per share. They have also announced a special dividend of 5.0p per share.
Other financial highlights include:
Solid revenue and adjusted EBITDA growth in line with management's expectations
Adjusted EBITDA includes c.£3 million benefit from the adoption of IFRS 16
Reported PBT and EPS are lower year-on-year due to a combination of exceptional profit on disposal of surplus property reported in H1 2018 of c.£6 million and higher effective tax rate in H1 2019
Interim dividend of 3.2 pence per share (2018: 3.0 pence per share)
Additional 5.0 pence supplementary dividend to be paid alongside the 2019 interim dividend in September 2019
