Accuracy Coverage Pricing Contact

Alumasc maintain dividend at 7.35p per share

Investment Tools Ltd.
Alumasc maintain dividend at 7.35p per share

The Alumasc Board has decided to recommend to shareholders an unchanged final dividend of 4.4 pence per share (2017/18: 4.4 pence), applicable to members on the share register on 27 September and to be paid on 31 October. This takes the total dividend for the year to 7.35 pence, again unchanged on the prior year.

Alumasc has a progressive dividend policy that seeks to grow the dividend broadly in line with underlying earnings growth, having regard to the extent to which dividend payments are covered by underlying earnings, after taking into account pension scheme funding commitments.

Other financial highlights include:

Group revenues up 4% to £90.1m (2018: £87.0m) 

Underlying profit before tax* £5.6m (2018: £6.0m) reflecting the previously reported performance from Levolux

Basic earnings per share of 10.1 pence (2018: 12.0 pence)

Net debt of £5.1m (2018: £4.8m) 

Core businesses which represent 80% of Group revenues: Roofing & Water Management and Housebuilding Products, performing strongly with YoY growth and margin improvement. 

Companies mentioned

Latest News

Investment Tools Limited

The Board has recommended an interim dividend of 1.00p (H1 FY19: 1.00p) in line with their previously stated dividend policy.

Read more
Investment Tools Limited

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
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

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

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 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

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

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
More News