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Galliford Try PLC declare a full-year dividend of 58.0p. down from 77.0p the previous year

Investment Tools Ltd.
Galliford Try PLC declare a full-year dividend of 58.0p. down from 77.0p the previous year

The directors of Galliford Try PLC are recommending a final dividend of 35.0 pence per share which, subject to approval at the AGM, will be paid on 4 December 2019 to shareholders on the register at 8 November 2019.  This is in line with their policy of paying a dividend which is 2x covered by earnings. Together with the interim dividend of 23.0 pence per share paid in April, this will result in a total dividend for 2019 of 58.0 pence per share.

Other financial highlights include:

Strong progress against strategic operational targets in all three businesses

Pre-exceptional profit before tax of £155.5m in line with previous guidance

6,507 total new homes built by Linden Homes and Partnerships & Regeneration (2018: 6,193)

Average net debt at £186m (2018: £227m)

Strong sales in hand across Linden Homes and Partnerships of £677m (2018: £698m)

Opportunity to strengthen and advance all three businesses through the potential transaction with Bovis Homes Group PLC

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