Accuracy Coverage Pricing Contact

Imperial Brands announce an annual dividend of 206.58p up +10%

Investment Tools Ltd.
Imperial Brands announce an annual dividend of 206.58p up +10%

The Group has paid two interim dividends totalling 62.56 pence per share in June 2019 and September 2019, in line with their quarterly dividend payment policy to give shareholders a more regular cash return.

The Board approved a further interim dividend of 72.00 pence per share and will propose a final dividend of 72.01 pence per share, bringing the total dividend for the year to 206.57 pence per share. The third interim dividend will be paid on 31 December 2019 with an ex-dividend date of 22 November 2019. Subject to AGM approval, the proposed final dividend will be paid on 31 March 2020, with an ex-dividend date of 21 February 2020.

Other financial highlights include:

Net revenue up +2.2% driven by growth in tobacco and NGP

Adjusted EPS down -1.6% with the following changes since the pre-close trading update: crystallisation of NGP supply contract termination costs and lower than expected 'other income' partially offset by a lower adjusted tax rate

Resilient tobacco value creation model with growth in revenue, profit and cash

Good tobacco growth from Americas and Europe more than offsetting Africa, Asia & Australasia (AAA) challenges

NGP revenues of £285m up +48% with growth in Europe, the US and Japan

Quality growth from Asset Brands with net revenue up +4.4%; +140bps to 66.1% of Group net revenue

Adjusted operating profit reflects higher net NGP investment/costs (£112m) and reduction in other income (£70m)

Reported operating profit down 8.7% with a goodwill impairment and associated costs of disposal of the Premium Cigar Division (£525m); provisions for Russian excise tax liabilities (£139m), a fair value adjustment of acquisition consideration for Von Erl (£129m), partly offset by reduced restructuring costs (£144m) and prior year impact of distributor administration (£110m)

Premium Cigar impairment will be partly offset on completion by £300m-£400m of FX gains from reserves

Commitment to evolve non-GAAP financial disclosure with changes to adjusted performance measures in FY20

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