Fisher (James) and Sons have announced, due to progress of the Group in 2019 and its track record of delivering strong operating cash flow have led the Board to propose a 10% increase in the final dividend to 23.4p per share (2018: 21.3p). Subject to shareholder approval at the Annual General Meeting (AGM), this dividend will be paid on 8 May 2020 to shareholders on the register on 3 April 2020. If approved by shareholders, the total dividend for the year will be 34.7p per share (2018: 31.6p), a 10% increase on 2018.
Other financial highlights include:
Reported revenue up 10% and up 6% on an organic basis
Underlying operating profit up 7%, driven by strong Offshore Oil performance
Investment of £105m in capital and acquisitions
Eoghan O'Lionaird appointed as Chief Executive Officer on 1 October 2019