Hunting declare interim dividend of 5.0 US cents
Hunting have declared an interim dividend of 5.0 cents declared (H1 2018 - 4.0 cents), absorbing cash of approximately $8.3m (H1 2018 - $6.6m), payable to shareholders on 23 October 2019, with a record date of 4 October 2019.
Other financial highlights include:
15% increase in revenue reported in the period as performance of US, EMEA and Asia Pacific segments deliver growth.
Gross margin of 29% (H1 2018 - 31%) and EBITDA margin of 15% (H1 2018 - 16%) achieved in the period - impacted by Hunting Titan.
Strong net cash position reported at 30 June 2019 of $33.4m, which includes $47.1m for lease liabilities (Net cash reported at 30 June 2018 of $39.0m and 31 December 2018 of $61.3m both exclude lease liabilities).
The Group generated a statutory cash inflow of $19.6m in the period.
Adoption of IFRS 16 Leases from 1 January 2019 benefits EBITDA with the removal of $4.6m of lease costs at the half year point. On a like-for-like basis EBITDA is in line with H1 2018. Prior period financials have not been restated for IFRS 16, as the standard is being adopted with effect from 1 January 2019. Additional depreciation of $4.0m in the half year is charged to the income statement on the capitalised lease assets and accordingly operating profit benefits by a net $0.6m at the half year point. Additional finance charges of $1.1m are recognised in the half year results and result in a net $0.5m deterioration in profit before tax from the adoption of IFRS 16. The balance sheet as at 30 June 2019 now reflects capitalised right-of-use assets of $39.6m and $47.1m of lease liabilities.
The combination of strong results and free cash flow supported by a robust balance sheet has led the Diploma Board to recommend an increase in the final dividend of 15% to 20.5p per share (2018: 17.8p). Subject to shareholder approval at the Annual General Meeting ("AGM"), this dividend will be paid on 22 January 2020 to shareholders on the register at 29 November 2019.Read more
The Board has recommended an interim dividend of 1.00p (H1 FY19: 1.00p) in line with their previously stated dividend policy.Read more
The Future Plc Board is recommending a final dividend of 1p per share for the year ended 30 September 2019, payable on 14 February 2020 to all shareholders on the register at close of business on 17 January 2020.Read more
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
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
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
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
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
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
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