Telecom Plus announces full year dividend up 9.6% to 57p per share

DividendMax Ltd.

Telecom Plus announces full year dividend up 9.6% to 57p per share

Telecom Plus are proposing a final dividend of 30p (2019: 27p), bringing the total for the year to 57p (2019: 52p); this represents an increase of 9.6% compared with last year, and will be paid on 31 July 2020 to shareholders on the register at the close of business on 10 July 2020 subject to approval by shareholders at the Company's AGM which will be held on 23 July 2020.

Other financial highlights include:

Results in line with expectations

Revenue up 8.9% to £875.8m

Adjusted profit before tax up 8.0% to £60.8m

Statutory profit before tax up 11.9% to £48.1m

Adjusted EPS up 4.7% to 61.8p

Statutory EPS up 8.0% to 45.9p

New £150m debt facilities agreed until January 2023

Companies mentioned