Accuracy Coverage Pricing Contact

Computacenter announce a dividend increase of 16.1% to 10.1 per share

Investment Tools Ltd.
Computacenter announce a dividend increase of 16.1% to 10.1 per share

Computacenter announce an interim dividend of 10.1 pence per share (H1 2018: 8.7 pence per share). This is in line with their policy that the interim dividend will be approximately one third of the previous year's full dividend. The interim dividend will be paid on Friday 11 October 2019. The dividend record date is Friday 13 September 2019, and the shares will be marked ex-dividend on Thursday 12 September 2019.

Other financial highlights include:

The Group's total revenues grew 20.8 per cent or £418.1 million during the first half of the year, and by 21.6 per cent or £431.5 million during the period in constant currency. Excluding the impact of acquisitions the Group was ahead of the same period last year, which presented a challenging comparison with the prior period, on an adjusted profit before tax basis. 

France has had a pleasing start to the year with an increase in revenues of 18.9 per cent, led by a buoyant Technology Sourcing marketplace where we are growing our customer breadth, and an increase in adjusted operating profit of 190.5 per cent, both on a constant currency basis. An outstanding result that has underpinned the Group's performance in the period.

Germany delivers another strong performance with revenue growth of 4.1 per cent during the period driven by a resilient Technology Sourcing performance and a strong Professional Services result leading to a 2.8 per cent increase in adjusted operating profit, both on a constant currency basis. This was a very good performance given the material spend reduction from a key customer, which declined by 60.1 per cent down to normal volumes rather than those seen in the prior period, which created such a challenging comparison.

The UK saw a reduction in revenues of 7.8 per cent as both Services and Technology Sourcing revenues declined. The prior period comparative result contained two very large margin-dilutive Technology Sourcing deals that, being one-off in nature, contributed to this decline. Adjusted operating profit fell by 9.3 per cent during the period, despite improvements in both Services and Technology Sourcing margins, due to increased administrative expenses.

The US acquisition made halfway through the second half of last year has seen a more subdued performance in the first half of 2019, as compared to the last quarter of 2018, due to an increase in operational costs, increased investment in the business, and a decline in operating margins leading to the combined US business making only a small adjusted operating profit. We have seen an improvement in performance more recently.

Companies mentioned

Latest News

Investment Tools Limited

The Smiths Group Board has a progressive dividend policy, aiming to increase dividends in line with long-term underlying growth in earnings and cash-flow. This policy enables them to retain sufficient cash-flow to finance investment in the drivers of growth and meet their financial obligations. In setting the level of dividend payments, the Board considers prevailing economic conditions and future investment plans, along with the objective to maintain minimum dividend cover of around 2.0x. 

Read more
Investment Tools Limited

Next are declaring an ordinary dividend of 57.5p, up +4.5% on last year, to be paid on 2 January 2020. Shares will trade ex-dividend from 5 December 2019 and the record date will be 6 December 2019.

Read more
Investment Tools Limited

Kier group paid an interim dividend of 4.9p on 17 May 2019. However, the Company has suspended the final dividend for FY2019 and the dividend for FY2020. The Board will continue to review the Company's dividend policy for future financial periods.

Read more
Investment Tools Limited

The Saga Board of Directors has considered the early progress made in the implementation of the Group's revised strategy and is confident in the ability of Saga to achieve the full year target for Underlying Profit Before Tax of between £105m and £120m. 

Read more
Investment Tools Limited

The Games Workshop Board has today declared a dividend of 35 pence per share. This is in line with the Company's policy to distribute truly surplus cash. This will be paid on 8 November 2019 for shareholders on the register at 27 September 2019, with an ex-dividend date of 26 September 2019. The last date for elections for the dividend re-investment plan is 11 October 2019.

Read more
Investment Tools Limited

The Kingfisher Board has declared an interim dividend of 3.33p, flat on last year (2018/19: 3.33p). They continue to be comfortable with medium term dividend cover in the range of 2.0 to 2.5 times based on adjusted basic earnings per share, a level the Board believes is prudent and consistent with the capital needs of the business.

Read more
Investment Tools Limited

Cenkos' dividend policy, as stated in the 2018 Annual Report, is to use earnings and cash flow to underpin shareholder returns through a combination of dividend payments and share buy-backs into treasury. Their goal is to pay a stable ordinary dividend, reinvest in the firm and return excess cash to shareholders subject to capital and liquidity requirements and the prevailing market conditions and outlook. As at 30 June 2019, Cenkos had a capital resources surplus of £15.9 million (30 June 2018: £12.0 million) above the Pillar 1 regulatory capital requirement. 

Read more
Investment Tools Limited

The CAML Board of Directors is pleased to declare an interim dividend of 6.5 pence per ordinary share, which is in line with the Company's stated policy and consistent with the previous corresponding period. This will be paid on 25 October 2019 to shareholders registered on 4 October 2019.

Read more
Investment Tools Limited

The NAHL Board is declaring an interim dividend of 2.6p per share payable on 31 October 2019 to ordinary shareholders registered on 27 September 2019. Their policy is to have a dividend cover of twice underlying EPS, before exceptional costs and non-cash charges.

Read more
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
More News