Helical PLC announce a final dividend proposed of 7.40p per share, an increase of 23.3%

DividendMax Ltd.

Helical PLC announce a final dividend proposed of 7.40p per share, an increase of 23.3%

The Helical Board is proposing a return to the level of dividends paid in respect of the year to 31 March 2019 and will be recommending to Shareholders a final dividend of 7.40p per share, an increase of 23.3% on last year (6.00p). If approved by Shareholders at the 2021 AGM, the total dividend for the year will be 10.10p, up 16.1% on 2020.

Other financial highlights include:

IFRS Profit before tax of £20.5m (2020: £43.0m). 

See-through Total Property Return of £48.6m (2020: £83.9m):

- Group's share of net rental income of £25.0m (2020: £28.5m).

- Development losses of £0.3m (2020: profits of £9.9m), after provisions of £0.1m (2020: £0.3m).

- Net gain on sale and revaluation of investment properties of £23.9m (2020: £45.5m).

Total Property Return, as measured by MSCI, of 7.0% compared to the MSCI Central London Offices Total Return Index of -1.7%.

IFRS basic earnings per share of 14.8p (2020: 32.3p).

EPRA loss per share of 1.8p (2020: earnings of 7.6p). 

Companies mentioned