IMI group plc announce a final dividend increased by 1%, making a 1% increase for the full year
Reflecting the continued confidence in the Group's prospects, as well as our ambition to build dividend cover, the Board is recommending that the final dividend is increased by 1% to 26.2p (2018: 26.0p) making a total dividend for the year of 41.1p, an increase of 1% over last year's 40.6p.
Other financial highlights include:
Results ahead of market expectations.
Profit improvement initiatives help 60bps second half margin improvement.
Operating cash flow 35% higher than 2018.
£27m rationalisation savings for 2019, ahead of expectations.
Structural re-organisation plans progressing well.
Rationalisation charges for 2020 expected to be c.£45m; savings c.£25m.
Commercial cultural shift driven by Growth Accelerator gaining traction.
New customer-focused organisational structures bedding-down well.
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