Accuracy Coverage Pricing Help Centre Contact

Smith (DS) declares an interim dividend of 5.4p per share

Investment Tools Ltd.
Smith (DS) declares an interim dividend of 5.4p per share

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.

Other financial highlights include:

Record Group profitability and return on sales despite economic headwinds

o Market share gains driven by multinational FMCG and e-commerce customers

o Customers increasingly valuing our sustainable packaging solutions, reflected in good pricing and return on sales up 110 basis points

Europe - good organic profit growth

Europac - excellent progress and strong initial contribution

o Packaging turnaround to profitability

o €70m synergy programme fully on track

Good US domestic performance offset by impact of export paper pricing

o Indiana greenfield box plant now operational

Transforms US capability and customer offering

Consistent with strategy to reduce US long paper exposure

Strong cashflow and balance sheet

o Plastics disposal (net proceeds c. £400m) expected to complete around the calendar year end

o Strong liquidity profile: €600m, seven year bond raised at 0.875%

Future growth prospects continue to benefit from the increased customer focus on sustainability (including plastic replacement) and e-commerce

Companies mentioned

Latest News

Investment Tools Limited

Hipgnosis Songs Fund Limited is to announce the Company's interim dividend (the 'Dividend') for the period from 1 April 2020 to 30 June 2020 in respect of the Ordinary Shares. 

Read more
Investment Tools Limited

European Assets Trust PLC ("the Company") announces that a dividend of 1.755 pence per share will be paid on 31 July 2020 to shareholders on the register on 10 July 2020, having an ex-dividend date of 9 July 2020. 

Read more
Investment Tools Limited

The final dividend approved for the year ended 30 November 2019 was paid to shareholders on 5 June 2020.

Read more
Investment Tools Limited

A final dividend of 4.3p is being proposed by the XPS Pensions Board (FY 2019: 4.3p). The final dividend, if approved, which amounts to £8.8m (FY 2019: £8.8m), will be paid on 24 September 2020 to those shareholders on the register on 28 August 2020.

Read more
Investment Tools Limited

Primary Health Properties announces that the third quarterly interim dividend in 2020 of 1.475 pence per ordinary share of 12.5 pence each will be paid on 21 August 2020 to shareholders on the register on 3 July 2020. The dividend will comprise a Property Income Distribution (PID) of 1.275 pence per share and an ordinary dividend of 0.2 pence per share. The Company will be offering a scrip alternative with this dividend.

Read more
Investment Tools Limited

The Imomart dividend policy, which has been in place for several years now, is based on the profitability of the business in the period. They have committed to a pay-out policy of up to 40% of the adjusted diluted earnings per share delivered in a financial year. 

Read more
Investment Tools Limited

The Board is proposing a final dividend of 43.7 pence per share, an increase of 9.3 per cent on the 40.0 pence paid previously. Together with the interim dividend of 16.7 pence per share this is a total dividend for the year of 60.4 pence per share and compares to 55.9 pence per share previously. This is the 30th consecutive year of dividend growth.

Read more
Investment Tools Limited

The Polar Capital previously stated dividend policy remains that, under normal circumstances, they would expect to pay an annual dividend within a range of 55% to 85% of adjusted total earnings dependent on the quantum of performance fees earned in that year.

Read more
Investment Tools Limited

The National Grid Board has recommended an increase in the final dividend to 32.0 pence per ordinary share ($2.0126 per American Depositary Share) which will be paid to shareholders on the register as at 3 July 2020. If approved, this will bring the full year dividend to 48.57 pence per ordinary share, an increase of 2.6% over the 47.34 pence per ordinary share in respect of the financial year ending 31 March 2019. This rise is in line with the increase in UK RPI for the twelve months to 31 March 2020 as set out in the policy announcement of 28 March 2013.

Read more
Investment Tools Limited

The Safestore Board has announced an interim dividend of 5.9 pence per share, representing a 7.3% increase from the interim dividend paid last year of 5.5 pence. This will amount to a dividend payment of £12.4m (H1 2019: £11.6m). The dividend will be paid on 14 August 2020 to shareholders who are on the Company's register at the close of business on 10 July 2020. The ex-dividend date will be 9 July 2020. 100% (H1 2019: 100%) of the dividend will be paid as a property income dividend ("PID").

Read more
More News