Britvic announce a full year dividend +19.8% at 29p

DividendMax Ltd.

Britvic announce a full year dividend +19.8% at 29p

The Britvic Board is declaring a final dividend of 21.2p per share with a total value of £55.8 million, resulting in a full year dividend of 29.0p (£76.5m). This is in line with their stated 50% pay-out. The final dividend for 2022 will be paid on 8 February 2023 to shareholders on record as of 23 December 2022. The ex-dividend date is 22 December 2022.

Other financial highlights include:

Revenue increased 15.5% to £1,618.3m (statutory +15.2%), driven by both price and volume

Adjusted EBIT increased 16.0% to £206.0m (statutory +16.7%), statutory EBIT increased 26.2%

Adjusted EBIT margin increased 10bps to 12.7% (statutory +10bps)

Profit after tax increased 45.3% to £140.2m

Adjusted earnings per share of 57.3p, up 29.3%

Free cash flow generation of £128.8m, enabling debt reduction and £106m cash returned to shareholders through dividends and share buyback

Strong balance sheet with adjusted net debt to EBITDA ratio down to 1.9x

Companies mentioned