Accuracy Coverage Pricing Help Centre Contact

Cineworld have declared full year dividend of 15.5 cents up 3.3%

Investment Tools Ltd.
Cineworld have declared full year dividend of 15.5 cents up 3.3%

The Cineworld Board now pays four interim dividends for each financial year. Payments in relation to the first three quarters of the year were equal to 25% of the full year dividend of the prior year, with the final payment reflective of the Group's full year earnings performance and resulting in a full year dividend payment aligned with the Group's pay-out ratio.

The Board has proposed the 2019 fourth dividend to be 4.5c per share, reflecting the satisfactory performance for the year, strong cash flow generation and the strength of the Balance Sheet. The total dividend per share for 2019 was 15.5c (2018: 15.0c). The record date for the 2019 fourth dividend payment is 10 April 2020 and the payment date will be 1 May 2020.

The final dividend for 2018 of 10.15c per share was paid on 5 July 2019 to ordinary shareholders. The total cash paid was $139.3m. On 13 June 2019, the Group announced a special dividend of 20.27c per ordinary share which was paid on 5 July 2019, along with the first quarterly payment for 2019 of 3.75c per share. The total cash payable for these dividends was $329.5m.

The second and third quarterly payment for 2019 of 3.75c per share were paid on 4 October 2019 and 10 January 2020 respectively. The total cash paid for these two payments was $102.8m.

Other financial highlights:

Group revenue of $4,370m (2018 Pro-forma: $4,657m) softer as expected compared to 2018, predominantly due to the strong comparative film slate

Group Adjusted EBITDA of $1,033m (under IAS 17) (Pro-forma 2018: $1,072m) and 23.6% margin, up 80bps

Integration benefits from Regal exceeded initial expectation, with estimated run-rate synergies at the time of the acquisition increasing from $100m to $190m

Reduced Net debt to $3.5bn (excluding leases) from $3.7bn at 31 December 2018 and $4.0bn at the time of the acquisition of Regal

Companies mentioned

Latest News

Investment Tools Limited

The Halma Board is recommending a 3.8% increase in the final dividend to 9.96p per share (2019: 9.60p per share). Together with the 6.54p per share interim dividend, this would result in a total dividend for the year of 16.50p (2019: 15.71p), up 5%, making this the 41st consecutive year of dividend per share growth of 5% or more.

Read more
Investment Tools Limited

Hipgnosis Songs Fund Limited is to announce the Company's interim dividend (the 'Dividend') for the period from 1 April 2020 to 30 June 2020 in respect of the Ordinary Shares. 

Read more
Investment Tools Limited

European Assets Trust PLC ("the Company") announces that a dividend of 1.755 pence per share will be paid on 31 July 2020 to shareholders on the register on 10 July 2020, having an ex-dividend date of 9 July 2020. 

Read more
Investment Tools Limited

The final dividend approved for the year ended 30 November 2019 was paid to shareholders on 5 June 2020.

Read more
Investment Tools Limited

A final dividend of 4.3p is being proposed by the XPS Pensions Board (FY 2019: 4.3p). The final dividend, if approved, which amounts to £8.8m (FY 2019: £8.8m), will be paid on 24 September 2020 to those shareholders on the register on 28 August 2020.

Read more
Investment Tools Limited

Primary Health Properties announces that the third quarterly interim dividend in 2020 of 1.475 pence per ordinary share of 12.5 pence each will be paid on 21 August 2020 to shareholders on the register on 3 July 2020. The dividend will comprise a Property Income Distribution (PID) of 1.275 pence per share and an ordinary dividend of 0.2 pence per share. The Company will be offering a scrip alternative with this dividend.

Read more
Investment Tools Limited

The Imomart dividend policy, which has been in place for several years now, is based on the profitability of the business in the period. They have committed to a pay-out policy of up to 40% of the adjusted diluted earnings per share delivered in a financial year. 

Read more
Investment Tools Limited

The Board is proposing a final dividend of 43.7 pence per share, an increase of 9.3 per cent on the 40.0 pence paid previously. Together with the interim dividend of 16.7 pence per share this is a total dividend for the year of 60.4 pence per share and compares to 55.9 pence per share previously. This is the 30th consecutive year of dividend growth.

Read more
Investment Tools Limited

The Polar Capital previously stated dividend policy remains that, under normal circumstances, they would expect to pay an annual dividend within a range of 55% to 85% of adjusted total earnings dependent on the quantum of performance fees earned in that year.

Read more
Investment Tools Limited

The National Grid Board has recommended an increase in the final dividend to 32.0 pence per ordinary share ($2.0126 per American Depositary Share) which will be paid to shareholders on the register as at 3 July 2020. If approved, this will bring the full year dividend to 48.57 pence per ordinary share, an increase of 2.6% over the 47.34 pence per ordinary share in respect of the financial year ending 31 March 2019. This rise is in line with the increase in UK RPI for the twelve months to 31 March 2020 as set out in the policy announcement of 28 March 2013.

Read more
More News