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John Laing Group announce a final dividend of 7.66p per share including a special dividend 3.98p per share

Investment Tools Ltd.
John Laing Group announce a final dividend of 7.66p per share including a special dividend 3.98p per share

The John Laing total final dividend for 2019 amounts to 7.66p per share, which, together with the interim dividend of 1.84p per share paid in October 2019, makes a total dividend for 2019 of 9.5p per share, maintaining the 2018 level. The final dividend will be put to shareholders for their approval at the Company's AGM which will be held on 7 May 2020. At the Company's last AGM on 9 May 2019, all resolutions were approved by shareholders.

Other financial highlights include:

NAV per share 337p at 31 December 2019 (31 December 2018 - 323p)

o Strong project delivery and value enhancements offsetting H1 renewable energy write downs and lower power prices

o 4.3% increase since 31 December 2018; 7.2% increase before dividends paid

o 10.7% increase since 31 December 2018 at constant currency and before dividends paid

NAV of £1,658 million at 31 December 2019 (31 December 2018 - £1,586 million)

Portfolio value £1,768 million at 31 December 2019, an 8.7% increase (or 12.2% at constant FX) on rebased portfolio value at 31 December 2018

Profit before tax (PBT) £100 million (2018 - £296 million) and earnings per share (EPS) of 20p (2018 - 63p)

o PBT lower than 2018 due to renewable energy write downs in 2019 and exceptional gain on IEP Phase 1 in 2018

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