Accuracy Coverage Pricing Contact

London Stock Exchange increases interim dividend by 17%

Investment Tools Ltd.
London Stock Exchange increases interim dividend by 17%

Interim dividend increased 17% to 20.1 pence per share (H1 2018: 17.2 pence per share), in line with stated dividend policy

Other financial highlights include:

Total Revenue up 7% to £1,018 million (H1 2018: £953 million); total income up 8% to £1,140 million (H1 2018: £1,060 million)

FTSE Russell revenue up 9% to £315 million (H1 2018: £290 million) with growth in subscription and asset-based revenues

Post Trade revenue at LCH up 12% to £266 million (H1 2018: £237 million), driven by strong growth in OTC volumes notably in the SwapClear service

Operating expenses, excluding depreciation and amortisation, were flat and 2% down on a constant currency basis, with good cost control while continuing to invest 

Adjusted operating profit1 up 11% to £533 million (H1 2018: £480 million); operating profit was up 2% at £399 million (H1 2018: £393 million); profit before tax up 1% to £363 million (H1 2018: £360 million); profit after tax of £265 million (H1 2018: £283 million)

Adjusted EPS1 up 13% to 100.6 pence (H1 2018: 88.7 pence); basic EPS down 1% at 70.7 pence (H1 2018: 71.1 pence)

Strong balance sheet position with leverage at 1.7 times adjusted net debt: pro forma EBITDA notwithstanding continued investment spend during the period

Companies mentioned

Latest News

Investment Tools Limited

The WH Smith Board has a progressive dividend policy and expects that over time dividends would be broadly covered twice by earnings calculated on a normalised tax basis. The Board has proposed a final dividend of 41.0p per share, an increase of 8% on the prior year, giving a total ordinary dividend per share of 58.2p, an 8% increase on the prior year.

Read more
Investment Tools Limited

Bellway have announced that their growth in earnings has enabled the board to recommend a 5.3% increase in the final dividend to 100.0p per share (2018 - 95.0p), increasing the proposed total dividend for the year by 5.2% to 150.4p per share (2018 - 143.0p). 

Read more
Investment Tools Limited

The Walker Greenbank Board has declared an interim dividend of 0.52p per share (H1 2018: 0.69p) with the previous year's dividend pay-out ratio expected to be maintained for the current financial year. The interim dividend will be payable on 22 November 2019 to shareholders on the register as at 25 October 2019.

Read more
Investment Tools Limited

As a result of the progress made with their strategy, the Morses Club Board is delighted to declare an interim dividend of 2.6p per share 

Read more
Investment Tools Limited

The N Brown Group Plc Board is declaring an interim dividend of 2.83p per share which is flat on last year's interim dividend.

Read more
Investment Tools Limited

Volution paid an interim dividend of 1.60 pence per share in May 2019. On the basis of their results and financial position, the Volution Board has proposed a final dividend of 3.30 pence per share, giving a total dividend for the financial year of 4.90 pence (2018: 4.44 pence per share), an increase of 10.4% on the previous year.

Read more
Investment Tools Limited

Despite the underlying profit before tax being down year-on-year, the Board is proposing to increase the interim dividend by 0.05p (2.9%) to 1.80p, which is in line with our stated dividend policy of cover being between 1.5 and 2.0 times underlying earnings per share. 

Read more
Investment Tools Limited

PHP announces the payment of its fourth quarterly interim dividend in 2019 of 1.4 pence per ordinary share of 12.5 pence each (Ordinary Shares). The dividend will comprise a Property Income Distribution (PID) of 0.5 pence per share and an ordinary dividend of 0.9 pence per share. The Company will be offering a scrip alternative with this dividend.

Read more
Investment Tools Limited

The Board has declared an interim dividend of 7.8p (2018: 17.9p), which will be payable on 22 November 2019 to shareholders on the register at the close of business on 11 October 2019.

Read more
Investment Tools Limited

The interim dividend has been set at 2.65 pence per ordinary share, an increase of 58.7% year-on-year. The interim dividend was approved by the Board of Directors on 1 October 2019. As previously announced, they anticipate a split of broadly one-third to two-thirds between the interim and final dividend and expect a full year dividend pay-out ratio of 50%.

Read more
More News