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Clipper Logistics dividend per share increased by 15.5% to 9.7p

Investment Tools Ltd.
Clipper Logistics dividend per share increased by 15.5% to 9.7p

The Clipper Logistics Board is recommending a final dividend of 6.5 pence per share, making a total dividend in respect of the year ended 30 April 2019 of 9.7 pence (2018: 8.4 pence), an increase of 15.5%. The proposed final dividend, if approved by shareholders, will be paid on 23 October 2019 to shareholders on the register at the close of business on 20 September 2019. 

Other Financial highlights include:

Group revenue increased by 15.0% from £400.1 million to £460.2 million.

Group EBIT1 £20.2 million (2018: £20.9 million).

Group EBIT before Property-related income2 increased by 18.0% from £14.5 million to £17.1 million.

Group profit after tax £13.4 million (2018: £14.3 million).

Earnings per share 13.2p (2018: 14.2p).

Cash generated from operations of £28.3 million (2018: £24.5 million). 

Contracts entered into the latter part of the year to 30 April 2019 fall to be accounted for as a business combination in FY20 and will enhance FY20 earnings by £3.0m.

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