Accuracy Coverage Pricing Contact

Ted Baker cuts dividend by 56.4% to 7.8p per share

Investment Tools Ltd.
Ted Baker cuts dividend by 56.4% to 7.8p per share

The Board has declared an interim dividend of 7.8p (2018: 17.9p), which will be payable on 22 November 2019 to shareholders on the register at the close of business on 11 October 2019.

Other financial highlights include:

•Group revenue down 0.7% (2.5% in constant currency) to £303.8m

•Retail sales including e-commerce down 2.5% (down 4.1% in constant currency) to £214.5m

•UK and Europe retail sales down 3.9% (down 3.9% in constant currency) to £141.3m

•North America retail sales up 3.1% (down 2.3% in constant currency) to £63.7m 

•Rest of the World retail sales down 15.2% (down 17.2% in constant currency) to £9.5m

•E-commerce sales down 1.3% (down 2.4% in constant currency) to £52.3m

•Selective expansion continued with one new store in Detroit, first German store opened in Hamburg and outlet opened in Metzingen, Germany

•Wholesale sales up 4.0% (up 1.8% in constant currency) to £89.3m driven by footwear acquisition

•Licence income down 13.1% to £9.4m

•Excluding impact from acquisition of footwear business, licence income increased by 2.8%

•Continued focus and improvement in working capital (net working capital down 9% or £16.8m)

•Two strategic deals signed to accelerate growth in Asia:

•Creation of joint venture in China, Hong Kong and Macau 

•Appointed new licence partner in Japan post period end

•Completed integration of footwear business

•Continued licence development:

•New childrenswear product licence agreement with Next post period end

•Delta Galil men's underwear and loungewear commenced trading 

•Timex global watch licence commenced trading

•Announcement post period end that Rachel Osborne will join as Chief Financial Officer

Companies mentioned

Latest News

Investment Tools Limited

Stagecoach Group plc have maintained the interim dividend at 3.8p per share. The 3.8p dividend is payable to shareholders on the register at 24 January 2020 and will be paid on 4 March 2020.

Read more
Investment Tools Limited

The Photo-Me Board is declaring a maintained interim dividend of 3.71 pence per Ordinary Share (H1 2019: 3.71 pence per share). This is line with the Board's intention to maintain a total dividend of 8.44 pence per ordinary share for the current financial year ending 30 April 2020. 

Read more
Investment Tools Limited

Diversified Gas & Oil PLC (AIM: DGOC), the U.S. based owner and operator of natural gas, natural gas liquids, oil wells and midstream assets, is pleased to announce that the Board has declared an interim dividend of 3.50 cents per share in respect of the third quarter to the period ended 30 September 2019 (Q3 2018: 3.30 cents).

Read more
Investment Tools Limited

Since flotation in November 2003, RWS has pursued a progressive dividend policy. The highly cash generative business model and modest capex requirements have allowed for rapid debt repayment, acquisitions, continued organic investment in the business and an increasing dividend.

Read more
Investment Tools Limited

In line with its policy of providing a progressive dividend, having regard to both underlying profit and cash generation and to sustainability through the economic cycle, the Ashtead Group Plc Board has increased their interim dividend to 7.15p per share (2018: 6.5p per share). This will be paid on 5 February 2020 to shareholders on the register on 17 January 2020.

Read more
Investment Tools Limited

Begbies Traynor declare an increased interim dividend of 0.9p (2018: 0.8p), an increase of 13%, which builds on the increases over the two previous years and reflects their confidence in sustaining their financial track record of earnings growth. They remain committed to a long-term progressive dividend policy which takes account of the market outlook, earnings growth and investment plans.

Read more
Investment Tools Limited

The Board continues to adopt a progressive dividend policy which is balanced with holding sufficient funds for future investment and their regulatory capital requirements. The Board has proposed a final ordinary dividend of 3.33p per share which takes the total ordinary dividend for the year to 4.83p per share, representing an increase (excluding the special dividend in the previous year) of 31% on the previous year. The final ordinary dividend will be paid, subject to shareholder approval at the Annual General Meeting (AGM) on 22 January 2020, to shareholders on the register at the close of business on 10 January 2020.

Read more
Investment Tools Limited

With the Group delivering a weaker performance in FY 2019 and some key industrial markets remaining weak, the final dividend will be held flat at 46.14p/share (FY 2018: 46.14p/share), with dividend cover at 1.8x (FY 2018: 2.2x). With year end net cash not exceeding the £85m threshold, no special dividend is proposed.

Read more
Investment Tools Limited

In line with Clipper's dividend policy and reflecting the Group's earnings growth, the Board is pleased to announce an interim dividend of 3.5 pence per share, which will be paid on 6 January 2020 to shareholders on the register at 13 December 2019. This represents an increase of 9.4% (0.3 pence per share) compared to the interim dividend of 3.2 pence paid in January 2019.

Read more
Investment Tools Limited

Smith (DS) declares an interim dividend for this half year of 5.4 pence per share (H1 2018/19: 5.2 pence per share). This represents an increase of 4%, demonstrating the confidence of the Board in the outlook for the Group. The dividend will be paid on 1 May 2020 to ordinary shareholders on the register at the close of business on 14 April 2020.

Read more
More News