Accuracy Coverage Pricing Help Centre Contact

Pets at Home announce a maintained interim dividend of 2.5p per share

Investment Tools Ltd.
Pets at Home announce a maintained interim dividend of 2.5p per share

The Pets at Home Board has recommended an interim dividend of 2.5 pence per share, equal with the prior year. The interim dividend will be payable on 10 January 2020 to shareholders on the register at the close of trading on 6 December 2019. First anniversary of launching their pet care strategy.

Other financial highlights include:

Sustained momentum in Retail business, with like-for-like (LFL) revenue growth of 7.8%

o Omnichannel revenues# up 31.7% to £46.5m

o Stores delivering positive LFL revenue growth and a solid operating margin

Vet Group underlying business performing well, with LFL# revenue growth of 6.4%

o First Opinion customer sales growth across all vet practices of 11.8%, with Joint Venture (JV) practice LFL of 14.0% and mature practice sales again growing ahead of the market

o Planned changes to fee arrangements for Joint Venture practices starting to have positive impact: increasing practice profitability and improving Group cash performance

o JV practice buy outs now complete: total of 57 sites, with 36 having subsequently closed

They are introducing more customers to their complete pet care offer:

o Number of VIPs who purchase both products and a service has grown 22% year-on-year, and now represents c16% of all active members

o Number of subscription customers across the Group is now over 790,000

Group underlying PBT, on a comparable pre-IFRS16 basis, up 18.9% year-on-year to £45.0m driven by quality revenue growth in Retail converting strongly to profit

Given progress in the first half, they remain confident about the rest of the year despite continued consumer uncertainty, and expect full year profit towards top end of current market consensus2

After over 9 years as Chairman, succession plan for Tony DeNunzio commenced

Companies mentioned

Latest News

Investment Tools Limited

Restaurant Group announce a temporary suspension of their dividend to facilitate strategic priorities

Read more
Investment Tools Limited

Subject to shareholder approval each year, the Company will pay an ordinary dividend of approximately 7.5% of Group net assets, which will be at least £250 million per annum. This is intended to provide a reliable minimum annual return to shareholders throughout the cycle, including through a 'normal downturn', and will be paid equally as a final dividend (in May) and as an interim dividend (in November). This Ordinary Dividend Policy was subject to prudent and comprehensive stress testing against various downside scenarios, which also included a reduction of 20% in average selling prices and a 30% reduction in volumes. 

Read more
Investment Tools Limited

Rio Tinto announces full-year ordinary dividend of $6.2 billion (382 US cents per share), including record final ordinary dividend of $3.7 billion (231 US cents per share), resulting in total cash returns of $7.2 billion (443 US cents per share)

Read more
Investment Tools Limited

The Weir Group Board is recommending a final dividend of 30.45p, resulting in a total dividend of 46.95p for the year, up 2% from 2018 reflecting confidence in the long term prospects of the Group.  Dividend cover (being the ratio of earnings per share from continuing operations, before exceptional items and intangibles amortisation, to dividend per share) is 1.9 times. If approved at the Annual General Meeting on 28 April 2020, the final dividend will be paid on 5 June 2020 to shareholders on the register on 24 April 2020. 

Read more
Investment Tools Limited

The Capital & Counties Board has proposed a final dividend of 1.0 pence per share to be paid on 14 May 2020 to shareholders on the register at 17 April 2020. Subject to SARB approval, the Board intends to offer a scrip dividend alternative.

Read more
Investment Tools Limited

Unite Group are proposing a final dividend payment of 22.95 pence per share (2018: 19.5 pence), making 33.2 pence for the full year (2018: 29.0 pence). The final dividend will be fully paid as a Property Income Distribution (PID) of 22.95 pence.

Read more
Investment Tools Limited

The Directors propose to pay a final dividend of 10.3 cents per share in respect of the year ending 31 December 2019 (payment of $104.6m). Combined with the interim dividend of 4.4 cents per share paid in October 2019 (payment of $43.2m), gives a total dividend for the financial year of 14.7 cents (total payment of $147.8m), which represents 40% of the Group's levered free cash flow for the period in accordance with the Company's dividend policy.

Read more
Investment Tools Limited

The proposed final dividend of 5.34p will, subject to shareholder approval, be paid on 4 June 2020 to all shareholders on the register on 24 April 2020.

Read more
Investment Tools Limited

In light of the Group's deleveraging priority, the Mccoll's Board has reached the decision to suspend the final dividend and keep the policy under review. The Board's priority is to reduce leverage with a target of 2.0x by the end of 2022.

Read more
Investment Tools Limited

The Synectics plc Board is recommending payment of a final dividend of 3.5p per share (2018: 3.5p), payable on 7 May 2020 to shareholders registered on 3 April 2020. If approved by shareholders, this will bring the total dividend payable for the year to 4.8p (2018: 4.7p).

Read more
More News