Accuracy Coverage Pricing Contact

Adept announce interim dividend increased by 4% to 5.10p per share

Investment Tools Ltd.
Adept announce interim dividend increased by 4% to 5.10p per share

On 7 April 2019 the Adept Technology Group paid dividends of £1,194,165 in relation to the interim dividend declared in September 2018.

On 25 September 2019, the Directors announced their intention to declare an interim dividend in respect of these interim results. An interim dividend of 5.10p per Ordinary Share has been declared in respect of the period ended 30 September 2019, an increase of 4.1% over the interim dividend for the comparative period (2018: 4.90p). This will absorb approximately £1.2 million of shareholders' funds (2018: £1.2 million). It is proposed by the Directors that this dividend will be paid on 6 April 2020 to shareholders who are on the register of members on the record date of 13 March 2020. The ex-dividend date will be 12 March 2020. 

Dividend cover for the interim period was 3.0x (2018: 3.0x). Strong free cash flow generation has continued since the end of the period, and there continues to be scope for the Board to continue its progressive dividend policy.

Other financial highlights include:

Total revenue increased by 26% to £30.8 million (2018: £24.4 million)

Managed services revenue increased by 39% to £25.1 million (2018: £18.0 million)

Managed services revenue up to 82% of total revenue (2018: 74%)

EBITDA increased by 18% to £6.1 million (2018: £5.2 million)

EBITDA margin 20% (2018: 21%)

Adjusted profit after tax increased by 4% to £3.9 million (2018: £3.7 million)

Adjusted fully diluted EPS increased by 4% to 15.3p (2018: 14.6p)

Companies mentioned

Latest News

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 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

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

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

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

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
Investment Tools Limited

In line with Stock Spirits Group plc progressive dividend policy, their proposed final dividend results in a total dividend for the year up +5.1% on the prior period 'enhanced' dividend, which was paid for the 9 month prior period. The final proposed dividend is 6.31 €cents per share (final dividend for the 9 month to Sept 2018: 6.01 €cents). In total for the year, this results in dividends of 8.94 €cents per share (9 month to Sept 2018: 8.51 €cents per share).

Read more
More News