Accuracy Coverage Pricing Contact

GVC declare 10% increase in dividend to 17.6p per share

Investment Tools Ltd.
GVC declare 10% increase in dividend to 17.6p per share

GVC declare they will pay an interim dividend of 17.6p, reflecting an increase of 10% compared to last year, and in-line with the new policy of double-digit year-on-year increases.

Other financial highlights include:

Very strong operational performance: 

o Online proforma2 NGR +17% (+18% cc3) and market share gains in all major territories

o UK Retail Like-for-Like7 NGR -10%, ahead of expectations

o European Retail proforma2 NGR +7% (+8% cc3) with growth in all territories

Full year EBITDA4/8 and Operating profit5/8 now expected to be a further £10m ahead of expectations 

Net Debt / EBITDA (pre IFRS 16) leverage full year guidance improved to 2.9x

Significant Responsible Gambling commitments:

o Ten-fold increase in contributions to Responsible Gambling causes

o Voluntary whistle-to-whistle television advertising ban in the UK

o Withdrawal of all marketing associated with English and Scottish football teams, and donation of existing shirt sponsorships to 'Children with Cancer' charity

US: New Jersey full online launch on-track for the start of the 2019 NFL season in September

The Group expects to continue to offer online sports-betting and gaming into Germany in the period through to the new regulatory framework in 2021

Companies mentioned

Latest News

Investment Tools Limited

In line with their dividend policy, 3i Group will pay a first FY2020 dividend of 17.5 pence, which is 50% of their total FY2019 dividend. This first FY2020 dividend will be paid to shareholders on 8 January 2020.

Read more
Investment Tools Limited

The Board has approved an interim dividend of 16.57p per ordinary share ($1.0673 per American Depositary Share). This represents 35% of the total dividend per share of 47.34p in respect of the last financial year to 31 March 2019 and is in line with the Group's dividend policy. The interim dividend is expected to be paid on 15 January 2020 to shareholders on the register as at 29 November 2019.

Read more
Investment Tools Limited

NextEnergy Solar Fund Limited has announced an interim dividend of 1.7175 pence per Ordinary Share for the quarter ending 30 September 2019. The interim dividend of 1.7175 pence will be paid on 31 December 2019 to shareholders on the register as at the close of business on 22 November 2019. The ex-dividend date is 21 November 2019.

Read more
Investment Tools Limited

Regional REIT will pay a dividend of 1.90 pence per share ("pps") for the period 1 July 2019 to 30 September 2019, an increase of c. 3% (1 July 2018 to 30 September 2018: 1.85pps). The dividend payment will be made on 19 December 2019 to shareholders on the register as at 22 November 2019. The ex-dividend date will be 21 November 2019. The entire dividend will be paid as a REIT property income distribution ("PID").

Read more
Investment Tools Limited

Mediclinic International have declared an interim dividend per share that is maintained at 3.20 pence (1H19: 3.20 pence), with the Group applying its full-year dividend policy of 25% to 35% of adjusted earnings per share.

Read more
Investment Tools Limited

The Great Portland Board has declared an interim ordinary dividend of 4.7 pence per share (2018: 4.3 pence) which will be paid on 2 January 2020. All of this dividend will be a REIT Property Income Distribution (PID) in respect of the Group's tax-exempt property rental business.

Read more
Investment Tools Limited

The Prime People Board will be declaring an interim dividend of 1.80p per share (2019: 1.80p) payable on 6 December 2019 to those shareholders on the register on 22 November 2019.

Read more
Investment Tools Limited

In recent years, Stobart's dividend has been largely funded from the sale of assets rather than operational cash generation. The Board believes that this practice is unsustainable and no longer in the interest of shareholders. Whilst the Group continues to hold a significant portfolio of non-strategic infrastructure assets, the Board, will continue to sell assets in such a way that optimises the value to the Group. 

Read more
Investment Tools Limited

The interim dividend of 11.3p (last half year: 11.0p) per share has been approved by the Board of Directors after 28 September 2019. Accordingly, this dividend has not been recognised as a liability at the period end.

Read more
Investment Tools Limited

An interim dividend of 2.2p (H1 2019: 2.1p) will be paid on 7 February 2020 to shareholders on the register at 10 January 2020. The interim dividend represents one third of the prior year total dividend reflecting their previously communicated methodology. The full year dividend will be set in May.

Read more
More News