Accuracy Coverage Pricing Contact

SIG PLC maintain an interim dividend of 1.25p per share

Investment Tools Ltd.
SIG PLC maintain an interim dividend of 1.25p per share

The Group is declaring an interim dividend for 2019 of 1.25p (H1 2018: 1.25p) in line with its dividend policy of maintaining 2-3x earnings cover.  The interim dividend will be paid on 8 November 2019 to shareholders on the register at close of business on 4 October 2019.  The ex-dividend date is 3 October 2019.

Other financial highlights include:

Further operational and financial progress in the first half, despite falling construction activity, particularly in the UK

Underlying PBT, pre IFRS 16, up 20% to £30.0m (H1 2018: £25.1m) and underlying earnings per share, pre IFRS 16, up 23% to 3.7p (H1 2018: 3.0p), both in line with the Board's expectations

As previously announced, like-for-like sales down 3.8% reflecting weaker market conditions and focus on profitability over volume 

Transition to smaller, more profitable base of business in SIG Distribution largely complete

Gross margin up 70bps and operating costs lower. Group underlying operating profit, pre IFRS 16, up to £36.5m (H1 2018: £33.0m) 

Net debt, pre IFRS 16, down to £158.2m (H1 2018: £176.1m) and headline financial leverage, pre IFRS 16, down to 1.4x (H1 2018: 1.8x). Further improvement anticipated in H2 2019

Previously announced review of strategic options for Air Handling division well advanced

Continuing transformation and the Group's normal seasonality are expected to deliver a stronger second half, although political and macro-economic uncertainty continue to increase

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