S & U propose to pay a first interim dividend this year of 34p per ordinary share (2018: 32p). This will be paid on the 15th November 2019 to shareholders on the register on the 25th October.
As usual, their second and final dividends will be paid on the 13th March and 10th July 2020 respectively.
Other financial highlights include:
PBT: £17.1m - up 3% and in line with expectations (H1:2018: £16.7m)
Group revenue: £47.7m - up 7% (H1:2018: £44.5m)
Earnings per share: 116.5p - up 3% (H1:2018: 112.6p)
Group net receivables: £298.5m - up 7% (H1:2018: £279.8m)
Group gearing and headroom: £125m borrowing and £160m facilities - gearing at 74% (July 2018: 78%)