Travis Perkins announce an interim dividend reinstated at 12.0 pence per share

DividendMax Ltd.

Travis Perkins announce an interim dividend reinstated at 12.0 pence per share

Travis Perkins PLC announce an interim dividend of 12.0p is proposed in respect of the year ending 31 December 2021. It will be paid on 5 November 2021 to shareholders on the register at the close of business on 1 October 2021. The shares will be quoted ex-dividend on 30 September 2021.

Other financial highlights include:

  • Robust revenue performance driven by strong operational delivery and broad-based, RMI led recovery. Like for like revenue in continuing businesses grew by 44.1% and was 14.5% ahead of 2019 
  • Adjusted operating profit of £164m (2020: £17m) up 14% vs 2019 resulting from higher volumes with solid gross margins, improved customer proposition and restructuring benefits
  • Strong revenue and operating profit performance in Merchanting following decisive actions to refocus the business; challenging period of inflation and materials shortages being navigated well
  • Toolstation market share gains continue; rollout on track in both UK and Europe
  • Portfolio actions executed with successful Wickes demerger and Plumbing & Heating business sold to H.I.G. Capital for £325m with completion expected Q3
  • Increasing guidance for full year 2021 to at least £310m of adjusted operating profit for the continuing businesses reflecting higher property profits of around £30m
  • Continued progress on setting industry leading sustainability targets consistent with the 1.5 degree pathway of the 2016 Paris Agreement
  • Investor update to be held on 29 September to update on future plans to deliver long term sustainable value to shareholders

Companies mentioned