Accuracy Coverage Pricing Contact

Bellway propose a 5.2% increase in the total dividend per share to 150.4p

Investment Tools Ltd.
Bellway propose a 5.2% increase in the total dividend per share to 150.4p

Bellway have announced that their growth in earnings has enabled the board to recommend a 5.3% increase in the final dividend to 100.0p per share (2018 - 95.0p), increasing the proposed total dividend for the year by 5.2% to 150.4p per share (2018 - 143.0p). 

The dividend is determined following careful consideration of capital requirements, as well as the Group's operational capability to deliver further long term volume growth. If approved, the total dividend will be covered by earnings by 2.9 times (2018 - 3.0 times).

Other financial highlights include:

Another successful year with a record number of housing completions at 10,892 homes (2018 - 10,307), up 5.7% on last year.

Solid operational performance, together with volume growth, resulted in profit before taxation rising by 3.4%, in line with guidance, to £662.6 million (2018 - £641.1 million). 

The operating margin of 21.0% (2018 - 22.1%) continued to moderate towards a more normalised level. 

Positive non-recurring contribution from the Group's flagship, high gross margin development at Nine Elms in Battersea, which contributed 214 completions (2018 - 132), at an average selling price of £820,467 (2018 - £705,567). Notwithstanding the reducing proportion of revenue generated in London, the Group should achieve an average selling price in the year ahead in excess of £285,000 (2019 - £291,968).

Strong balance sheet and net cash of £201.2 million (2018 - £99.0 million), ensuring significant financial flexibility and capacity for future investment.

Companies mentioned

Latest News

Investment Tools Limited

Sage will continue to maintain the dividend in real terms going forward and the FY19 full year dividend has increased by 2.5% to 16.91p.

Read more
Investment Tools Limited

In accordance with the Liontrust dividend policy, and to create more balance between the First and Second Interim dividends, the Board is declaring a First Interim dividend of 9.0 pence per share (2018: 7.0 pence) which will be payable on 3 January 2020 to shareholders who are on the register as at 29 November 2019, the shares going ex-dividend on 28 November 2019. 

Read more
Investment Tools Limited

The HICL infrastructure Plc are on target to deliver aggregate target dividends of 8.25p per share for the current financial year and the Board re-affirmed the 8.45p per share target dividend guidance for the next financial year, ending 31 March 2021.

Read more
Investment Tools Limited

The VPC Board of Directors of the Company has declared an interim dividend of 2.00 pence per share for the three-month period to 30 September 2019. The dividend will be paid on 19 December 2019 to shareholders on the register as at 29 November 2019. The ex-dividend date is 28 November 2019. 

Read more
Investment Tools Limited

The United Utilities Board has proposed an interim dividend of 14.20 pence per ordinary share, an increase of 3.2 per cent, in line with their policy of targeting an annual growth rate of at least RPI inflation through to 2020.

Read more
Investment Tools Limited

Consistent with their previously stated policy, the Board has declared an unchanged interim dividend of 2.4 pence per share, which will be payable on 20 December 2019 to shareholders on the register on 29 November 2019. During H2 they will consider, in conjunction with our shareholders, the Company's preferred method of distributing surpluses to shareholders.

Read more
Investment Tools Limited

In line with the Group's stated priorities for the uses of cash and after careful review of its medium term investment requirements, the Board is proposing to maintain the dividend payout ratio for this year at 40%, the top end of the range stated in the IPO prospectus. This will equate to a final dividend of 6.0 pence per share (2018: 5.4 pence per share), which is subject to shareholder approval at the Annual General Meeting. If approved, this will result in a total ordinary dividend per share for the year of 11.8 pence (2018: 10.2 pence), an increase of 15.7%.

Read more
Investment Tools Limited

Babcock International Group has received £37.3 million in dividends from its joint ventures (2018: £20.0 million). Cash dividends (including to minorities of £0.6 million) paid out in the year totalled £116.3 million (2018: £115.5 million). The Group expects dividends from its joint ventures to remain stable at around £45 million in 2019/20 and for the next two years before stepping down.

Read more
Investment Tools Limited

Telecom Plus have announced their interim dividend is being increased by 8% to 27p per share (2018: 25p) and will be paid on 13 December 2019 to shareholders on the register on 29 November 2019; the Company's shares will go ex-dividend on 28 November 2019.

Read more
Investment Tools Limited

The Halma Board has declared an increase of 7% in the interim dividend to 6.54p per share (2018/19: 6.11p per share). The interim dividend will be paid on 5 February 2020 to shareholders on the register on 24 December 2019.

Read more
More News