Epwin Group have declared an interim dividend of 1.75p per share, up 3%
The Epwin Board is pleased to announce a 3% increase in the interim dividend to 1.75 pence per ordinary share (2018: 1.70 pence), to be paid on 18 October 2019 to shareholders on the register on 20 September 2019.
Other financial highlights include:
Revenue of £140.0 million, in line with expectations:
o Strong demand in Q1 driven by new customer wins and Brexit-related stockpiling, which unwound in Q2.
o Revenues up 0.5% on a like for like basis, against strong H1 2018 comparatives.
Underlying operating profit increased by 10.7% to £8.3 million on a pre-IFRS 16 basis (up by 25.3% to £9.4 million on a reported basis):
o Benefited from the site rationalisation programme launched in 2018.
o Stable material prices have enabled recovery of some of the significant cost increases suffered during 2017 and 2018.
Financial position remains robust:
o Operating cash conversion remains strong, with net debt of £29.2m at the half year, representing 1x adjusted EBITDA.
o Bank facilities renegotiated increasing to £65.0 million revolving credit facility plus £10.0 million overdraft, on more favourable terms.
Interim dividend of 1.75 pence per share declared (up 3%), to be paid on 18 October 2019 to shareholders on the register on 20 September 2019.
The interim dividend of 24 pence is in line with the 80 pence per share that is expected to be recommended at year-end and is consistent with the five-year plan announced in May 2018, to which SSE remains committed.Read more
The Avon Rubber Board is recommending a final dividend of 13.89p per share (2018: 10.68p) which together with the 6.94p per share interim dividend gives a total dividend of 20.83p (2018: 16.02p), up 30% on last year. The final dividend will be paid on 13 March 2020 to shareholders on the register at 14 February 2020 with an ex-dividend date of 13 February 2020.Read more
As previously announced, British Land Co Plc have increased the dividend by 3.0% for the six months to 30 September 2019 to 15.97p and propose a full year dividend to 31 March 2020 of 31.93p. The dividend payout ratio is 99%.Read more
The Electrocomponents Board intends to continue to pursue a progressive dividend policy whilst remaining committed to a healthy dividend cover over time by driving improved results and stronger cash flow.Read more
In line with the Aveva Board's progressive dividend policy, AVEVA intends to pay an interim dividend of 15.5 pence per share at a cost of £25.0 million (H1 FY19: 14.0 pence per share at a cost of £22.5 million). The interim dividend will be payable on 7 February 2020 to shareholders on the register on 10 January 2020.Read more
The Board has declared an interim dividend increase of 7.9% to 4.1 pence (2018: 3.8 pence), reflecting improvement in underlying earnings per share.Read more
Land Securities will be paying a second quarterly dividend of 11.6p per share on 3 January 2020 to shareholders registered at the close of business on 29 November 2019. This will be paid wholly as a Property Income Distribution. Taken together with the first quarterly dividend of 11.6p per share, paid wholly as a Property Income Distribution on 4 October 2019, their first half dividend will be 23.2p per share (six months ended 30 September 2018: 22.6p per share), representing an increase of 2.7% and a total payment of £172m (six months ended 30 September 2018: £167m).Read more
The Board intends to have a progressive dividend policy, and the decision on the level of dividend growth will be assessed annually at year-end. Going forwards, the interim dividend is expected to be 50% of the prior full year dividend. Consistent with this approach, the interim dividend for H1 FY20 has been set at 4.50 eurocents.Read more
On 7 April 2019 the Adept Technology Group paid dividends of £1,194,165 in relation to the interim dividend declared in September 2018.Read more