The NWF Group Board has approved an interim dividend per share of 1.0p (H1 2018: 1.0p). This will be paid on 6 May 2020 to shareholders on the register as at 20 March 2020. The shares will trade ex-dividend on 19 March 2020. The Group has a progressive dividend policy and has increased the annual dividend by approximately 5% in each of the last five years.
Other financial highlights include:
Revenue growth with increased activity levels in all divisions.
Two Fuels acquisitions completed during the period in line with their strategy, with one further acquisition completed post period end, adding 115 million litres per annum in aggregate.
New 240,000 ft warehouse secured which will significantly expand the Food division, to support continued organic growth and a new five year contract with a major Food customer.
Board's full year trading expectations remain unchanged.