Accuracy Coverage Pricing Help Centre Contact

Belvoir announce interim dividend to be maintained at 3.4p with interim dividend cover at 2.0x

Investment Tools Ltd.
Belvoir announce interim dividend to be maintained at 3.4p with interim dividend cover at 2.0x

The Belvoir board is proposing that the interim dividend for 2019 be maintained at 3.4p per share. The Group aims to offer a reliable and growing income stream to investors whilst also investing in the business to further its strategic growth objectives. 

The interim dividend is payable to shareholders on 24 October 2019 based upon the register on 13 September 2019. The ex-dividend date will be 12 September 2019. The adjusted interim dividend cover is at 2.0x (H1 2018: 1.6x).48% increase in Group revenue to £9,047,000 (H1 2018: £6,123,000)

Other financial highlights include:

5% increase in Management Service Fees (MSF) to £4,201,000 (H1 2018: £4,015,000) 

Financial Services division revenue up significantly to £3,969,000 (H1 2018: £1,311,000) benefitting from November 2018 acquisition of MAB (Gloucester) Limited ("MAB Glos")

18% increase in gross profit to £6,198,000 (H1 2018: £5,242,000) 

23% increase in adjusted profit before tax to £2,999,000 (H1 2018: £2,429,000) 

MAB Glos and the underlying business each contributed around 50% of the increased gross profit and adjusted profit before tax

Adjusted earnings per share up by 21% to 6.9p (H1 2018: 5.7p) and basic earnings per share of 6.1p (2018: 6.9p - included exceptional £0.8m credit to profi

Companies mentioned

Latest News

Investment Tools Limited

 There has been one cancelled and one reduced dividend today, these are:

Read more
Investment Tools Limited

There has been one cancelled dividend today, this is:

Read more
Investment Tools Limited

There has been one cancelled and one deferred dividend today, these are:

Read more
Investment Tools Limited

There has been one cancelled dividend today, this is:

Read more
Investment Tools Limited

There has been 2 cancelled dividends today, these include:

Read more
Investment Tools Limited

There has been one cancelled dividend today, this is:

Read more
Investment Tools Limited

There has been a number of cancelled and suspended dividends today, these include:

Read more
Investment Tools Limited

The Directors of M Winkworth Plc ("Winkworth" or the "Company") have announced that the Company will pay a dividend of 1.68p per ordinary share for the first quarter of 2020 to shareholders.

Read more
Investment Tools Limited

During 2019 Chesnara continued to deliver strong cash generation, funding the dividend strategy as well as maintaining a robust group solvency ratio. Economic Value increased significantly as a result of favourable economic conditions, despite the impact of a substantive foreign exchange loss due to currency fluctuations.  Prudent financial and operational management has resulted in Chesnara's operations, solvency and dividends all being resilient to the impacts of Covid-19, however the Economic Value will have fallen subsequent to the year end.

Read more
Investment Tools Limited

888, a popular online gaming entertainment and solutions providers, announces that its board of directors has recommended the payment of a final dividend comprising 3.0 cents per share.

Read more
More News