Carrs Group Plc Board is Proposing a Final Dividend of 2.85 Pence per Share

DividendMax Ltd.

Carrs Group Plc Board is Proposing a Final Dividend of 2.85 Pence per Share

The Board is proposing a final dividend of 2.85 pence per share which, together with the two interim dividends, makes a total dividend of 5.20 pence per share for the full year, up 4% on the prior year (2021: 5.00 pence).

Subject to approval by shareholders at the forthcoming General Meeting of the Company, the final dividend will be paid on 12 May 2023 to shareholders on the register at close of business on 14 April 2023 and the shares will go ex-dividend on 13 April 2023.

Other Financial Highlights: 

  • Revenue from continuing operations increased 3.3%
  • Adjusted profit before tax from continuing operations increased 8.0%
  • Reported operating profit from continuing operations in line with prior year at £8.2m
  • Agricultural Supplies business sold at market comparable 6.4 x FY21 EBITDA
  • Post year-end disposal leads to net cash on balance sheet
  • Refreshed Board for 2023
  • Group now focused on higher margin, differentiated, international businesses

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