Cranswick PLC announce full year dividend increased by 15.9% to 70.0p

DividendMax Ltd.

Cranswick PLC announce full year dividend increased by 15.9% to 70.0p

The Cranswick PLC Board is proposing a final dividend of 51.3 pence per share, an increase of 17.4 per cent on the 43.7 pence paid previously. Together with the interim dividend of 18.7 pence per share this is a total dividend for the year of 70.0 pence per share. That compares to 60.4 pence per share previously, an increase of 15.9 per cent, and extends the period of consecutive years of dividend growth to 31 years.

The final dividend, if approved by Shareholders, will be paid on 3 September 2021 to Shareholders on the register at the close of business on 23 July 2021. Shares will go ex-dividend on 22 July 2021. Shareholders will again have the option to receive the dividend by way of scrip issue.

Other financial highlights include:

Strong revenue growth and earnings momentum

Exceptionally robust demand across all product categories

Supported their customers by delivering excellent service levels to ensure full availability of their products both in store and through the fast growing online channel

Strong contribution from the Eye poultry facility with further capacity and enhanced capability added during Q4

New £20m premium cooked bacon facility now fully operational

Work underway on new £25m breaded poultry facility in Hull which will be operational in FY23

Total capital expenditure of £72m across the Group's asset base

A further bonus of £400 to be paid to each of their colleagues at the end of June, in addition to the £500 bonus paid to site based colleagues during the year, to recognise their valued contribution throughout the COVID-19 pandemic

Brexit transition successfully managed with minimal disruption

Companies mentioned