Genus plc announces an interim dividend up 6% with 2.9x adjusted earnings cover

DividendMax Ltd.

Genus plc announces an interim dividend up 6% with 2.9x adjusted earnings cover

As a result of Genus's strong earnings growth and cash flow generation, the Board has declared an interim dividend of 9.4 pence per share, up 6% on last year's interim dividend, which is payable on 2 April 2020 to shareholders on the register at 6 March 2020.

Other financial highlights include:

Excellent performance in PIC with revenue up 15%; royalty revenues grew 9% with growth in all regions

High breeding stock sales in China drove PIC volume growth of 18%, 7% excluding China

Strong ABS revenue growth of 10%, driven by sexed genetics, up 48%

ABS volume growth of 9%, with sexed genetics up 56% and beef up 16%

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