Accuracy Coverage Pricing Help Centre Contact

B&M European Value Retail have recommended a final dividend increased to 5.4p per share

Investment Tools Ltd.
B&M  European Value Retail have recommended a final dividend increased to 5.4p per share

The Group has a dividend policy which targets a pay-out ratio of between 30-40% of net income on a normalised tax basis. The Group generally pays the interim and final dividends for each financial year approximately in proportions of one-third and two-thirds respectively of the total annual dividend.

Other financial highlights include:

 Group revenues increased by 16.5% to £3,813.4m (FY19: £3,272.6)

● UK B&M store fascia revenue growth of 12.6%, including Like-for-Like revenue growth of 3.3% for the year, including 6.6% in the fourth quarter

● Group profit before tax increased by 3.2% to £252.0m for the 52 week period (FY19: £244.3m), diluted earnings per share 19.5p (FY19:19.5p)

● UK B&M store fascia Adjusted EBITDA growth of 8.7% to £319.8m (FY19: £294.1m)

● Progress made in France with 19 Babou stores out of a total estate of 101 stores, now trading as "B&M" but the controlled testing of the performance of the converted stores was subsequently interrupted by the 8 week Covid-19 closure period from 15 March to 11 May 2020

● Cash generated from operations of £532.6m for the 52 week period (2019: £423.0m), year-end net debt of £347.5m before the payment of the £150.1m special dividend in April 2020 following the sale and leaseback of the Bedford Distribution Centre, and with net debt to EBITDA of 1.02 x (FY19: 1.91x)

● 36 net new B&M UK fascia stores opened in the period (51 gross) and a further 30 net new store openings planned for FY21. The rate of new openings for FY21 is impacted by disruption from Covid-19,but our overall long term target of at least 950 B&M stores in the UK remains unchanged

● The trading since the year-end has been strong

● Since the year end, the UK business delivered £1 million in cash donations to Foodbanks and gave £2.9 million of discounts to NHS workers. Store and distribution colleagues received 110% of normal pay to reflect their increased responsibilities and workload

Companies mentioned

Latest News

Investment Tools Limited

The North American Income Trust revenue return per Ordinary share rose by 27.0% from 5.35p to 6.80p. The Board has declared a second quarterly dividend of 1.8p per share, giving total dividends for the first half of the year to 31 January 2021 of 3.6p (2020 - 3.4p), a 5.9% increase. The second quarterly dividend is payable on 30 October 2020 to shareholders on the register on 2 October 2020.

Read more
Investment Tools Limited

The Brooks Macdonald Board has recommended a final dividend of 32.0p (FY19: 32.0p) which, subject to approval by shareholders at the AGM, will result in total dividends for the year of 53.0p (FY19: 51.0p). This represents an increase of 3.9% on the previous year and reaffirms the Board's confidence in the strength of the business even in the context of the COVID-19 pandemic, and a commitment to a progressive dividend policy. The final dividend will be paid on 6 November 2020 to shareholders on the register at the close of business on 25 September 2020.

Read more
Investment Tools Limited

The Clinigen Directors are proposing to increase the final dividend to 5.46p per share (2019: 4.75p), resulting in a 14% increase in the full year dividend to 7.61p per share (2019: 6.7p).

Read more
Investment Tools Limited

The Hilton Food Directors have approved the payment of an interim dividend of 7.0p per share payable on 27 November 2020 to shareholders who are on the register at 30 October 2020. This interim dividend, amounting to £5.7m has not been recognised as a liability in these interim financial statements. It will be recognised in shareholders' equity in the 53 weeks to 3 January 2021.

Read more
Investment Tools Limited

Supermarket Income REIT has declared four interim dividends for the year as follows:

Read more
Investment Tools Limited

The LXI Board has declared today an interim quarterly dividend in respect of the quarter ended 30 June 2020 of 1.30 pence per ordinary share, in line with the previous quarterly dividend guidance issued in May 2020. 

Read more
Investment Tools Limited

A final dividend of 20p per share is recommended, payable on 30th October 2020 to shareholders on the register on 9th October 2020, making a total for the year of 30p (2019: 40.5p including special dividend of 13.5p).

Read more
Investment Tools Limited

The dividend announced today by Ferrexpo follows the special interim dividend of 6.6 US cents announced in June, as well as the interim dividend of 6.6 US cents announced alongside the Company's Interim Results last month, and brings the total distributions announced in respect of this year to 19.8 US cents (FY 2019: 13.2 US cents).

Read more
Investment Tools Limited

The Ashmore Directors have recommended a final dividend of 12.10 pence per share for the year ending 30 June 2020 (FY2018/19: 12.10 pence), which if approved by shareholders will be paid on 11 December 2020 to all shareholders on the register on 6 November 2020. Total dividends paid and recommended for the year are 16.90 pence (FY2018/19: 16.65 pence), which are covered 1.5x by diluted earnings per share.

Read more
Investment Tools Limited

Morrisons plc The 2020/21 interim ordinary dividend is 2.04p per share, up 5.7% (2019/20: 1.93p), reflecting the strong first-half trading performance and a confident outlook.

Read more
More News