The Carr's Group Board is proposing a final dividend of 2.5 pence per share which, together with the interim dividend of 2.25 pence per share declared in July 2020, makes a total dividend for the year of 4.75 pence per share (2019: 4.75p). The final dividend, if approved by Shareholders, will be paid on 15 January 2021, to shareholders on the register on close of business 4 December 2020, and the shares will go ex-dividend on 3 December 2020.
Other financial highlights include:
Robust performance in challenging circumstances, slightly exceeding revised Board expectations, demonstrating the benefit of the Group's diversity
Difficult H1 in UK Agriculture largely mitigated by strong H2, with increased deliveries and a collection model adopted to maintain supplies to farmers throughout COVID-19 lockdown
International growth in Supplements and launch of new products
Engineering impacted by project delays, restricted access to customer sites owing to COVID-19, and weakened oil price
Establishment of Global Robotics showrooms in Japan and USA
Strong cash and net debt position