Accuracy Coverage Pricing Help Centre Contact

JD Sports announces an interim dividend of 0.28p, a 3.7% increase

Investment Tools Ltd.
JD  Sports announces an interim dividend of 0.28p, a 3.7% increase

The JD Sports Board has proposed paying an interim dividend of 0.28p (2018: 0.27p) per ordinary share, an increase of 3.7%. This dividend will be paid on 3 January 2020 to shareholders on the register at 29 November 2019. They continue to believe that it is in the longer term interests of all shareholders to keep dividend growth restrained so as to maximise the available funding for their ongoing growth opportunities.

Other financial hilights include:

Group revenue increased by 47% to £2,721.2 million (2018: £1,846.3 million) with strong total like for like sales growth in global Sports Fashion fascias of 12% including highly encouraging growth of more than 10% in the core UK and Ireland Sports fascias

Another record result for the half year with Group EBITDA on a comparable accounting basis increased by 37% to £235.2 million (2018: £171.8 million) and profit before tax and exceptional items on a comparable accounting basis increasing by 36% to £166.2 million (2018: £121.9 million)

Reported profit before tax increased by 6.6% to £129.9 million (2018: £121.9 million), after net adjustments of £7.6 million following transition to IFRS 16 'Leases' and exceptional items of £28.7 million

International development of JD continues with:

a) Net increase of 23 JD stores across mainland Europe

b) Net increase of seven JD stores in the Asia Pacific region

c) Six JD stores now trading in the United States with the physical stores now complemented by a trading website

Encouraging performance from the Finish Line fascia in the United States with operating profit before exceptional items on a comparable accounting basis of £34.7 million (2018: £4.8 million for the seven weeks post acquisition) with like for like sales growth for the proforma 26 week period across the combined Finish Line branded stores and website of 5%

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