Recent articles for private investors with a focus on dividend announcements
WS Atkins increases 2013/14 full year dividend by 5.5%
Underlying profit before tax up 7.3%, on revenue 2.6% ahead
Halma increases its 2013/14 full year dividend by 7%
Growth in continuing operations: revenue up 9%, adjusted pre-tax profit up 9%. Organic growth at constant currency: revenue up 6%, profit up 5%.
Betfair increases 2013/4 full year dividend by 54%
Sustainable revenues up 9%, with growth across all products
Pennon increases 2013/14 final dividend by 6.2%
FINANCIAL HIGHLIGHTS
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Profit before tax up 9.1% to £207.3m
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South West Water up 10.8% to £162.5m
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Viridor down 19.5% to £27.6m
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Viridor PBIT + JVs down 4.6% to £43.6m
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Viridor EBITDA down 1.8% to £76.3m
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Net exceptional charges £48.6m (post tax £39.7m)
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Earnings per share up 5.7% to 42.6p
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Dividend
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Full year dividend up 6.5% to 30.31p
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Recommended final dividend per share up 6.2% to 20.92p
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Strong liquidity and funding position
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£640m new/refinanced facilities since 31 March 2013
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£1,303m cash/committed facilities at 31 March 2014
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Average cost of debt reduced to 3.8%
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Substantial progress in delivery of major capital programmes
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South West Water capex up 22% - target efficiencies delivered
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Viridor - 70% of spend now complete on EfW projects under construction
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Group businesses well positioned for the future
Caledonia Investments increases its 2013 final dividend by 4%
Strong NAV returns with further active management across the portfolio
Daily Mail & General Trust increases its 2014 interim dividend by 5%
Half Year Financial Highlights:
Mitchells & Butlers to mull over a return to dividend payments
Alistair Darby, Chief Executive, commented:
SSE increases 2013 full year dividend by 3%
The key financial results for the year to 31 March 2014 are in line with the expectations set out in the Notification of Close Period published on 26 March 2014
HICL Infrastructure 2013 final results
Second interim dividend of 3.60 pence per share declared, achieving target of 7.1 pence per share for the year, with good cash cover of 1.51 times.
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