The Grafton Group PLC Board has decided to pay an interim dividend for 2021 of 8.5p per share in the amount of approximately £20.4 million. This interim dividend is in line with the Board's progressive dividend policy and reflects both the Group's strong profitability and cashflow from operations for the half year and its (pre-IFRS 16) net cash position at 30 June 2021.
The interim dividend will be paid on 1 October 2021 by Grafton Group plc, following the simplification of the Grafton Unit that was approved by shareholders at the EGM on 21 January 2021, to shareholders on the Register of Members at the close of business on 3 September 2021, the record date. The Ex-dividend date is 2 September 2021.
Other financial highlights include:
Record half year adjusted operating profit of £142.4 million (before property profit)
Record Group adjusted operating profit margin of 13.9% (before property profit) and adjusted return on capital employed of 20.5%
Record half year cash generation of £255.3 million from all operations
Net cash at 30 June 2021 of £302.5 million (before IFRS 16 lease liabilities)