Investors Chronicle dividend of the week - 05/08/2013
Investors Chronicle – Dividend of the week – 5/08/2013
Recent articles for private investors with a focus on dividend announcements
Spirax sarco increases 2013 interim dividend by 13%
Good organic sales growth of 4% - gains in all segments
Savilles increases 2013 interim dividend by 6%
Group revenue up 13% to £399.0m (H1 2012: £353.3m)
Underlying Group profit before tax up 40% to £26.0m (H1 2012: £18.6m)
Group profit before tax up 25% to £21.4m (H1 2012: £17.1m)
Underlying basic earnings per share up 26% to 15.0p (H1 2012: 11.9p)
Basic earnings per share up 12% to 12.2p (H1 2012: 10.9p)
Interim dividend increased 6% to 3.5p per share (H1 2012: 3.3p)
Schroders increases 2013 interim dividend by 23%
Profit before tax and exceptional items up 29 per cent. to £228.0 million1 (H1 2012: £177.4 million)
Mondi increases 2013 interim dividend by 7%
Half-yearly results for the six months ended 30 June 2013Financial highlights * Underlying operating profit of €366 million, up 35% * Underlying earnings of 49.4 euro cents per share, up 60% * Cash generated from operations of €431 million, up 21% * Interim dividend of 9.55 euro cents per share, up 7% * ROCE of 14.8%, well in excess of through-the-cycle hurdle rate of 13%Operational highlights * Integration of acquisitions and related synergy targets on track * Major capital projects on time and within budget
Aviva slashes 2013 interim dividend by 44% as expected
Mark Wilson, Group Chief Executive Officer, said:
Cobham increases 2013 interim dividend by 10%
Results consistent with guidance and good progress on strategic objectives
Old Mutual increases 2013 interim dividend by 20%
Old Mutual plc interim results for the half year ended 30 June 2013
Ferrexpo maintains 2013 interim dividend at 3.3 cents
Ferrexpo, the FTSE 250 iron ore pellet producer, today announces its interim year results for the six months ended 30 June 2013.
Randgold 2013 half yearly statement
Speaking at a presentation on Randgold's quarterly results, chief executive Mark Bristow noted that the company's business model had been designed to deliver returns at lower gold prices, and it had therefore not been forced to write down its reserves as these had been calculated at US$1 000/oz. Randgold had, however, reviewed all its business plans at the beginning of the year and where necessary aligned them to the drop in the gold price.
Meggitt increases 2013 interim dividend by 10%
The Group achieved good growth in the first six months of 2013:
Intercontinental hotels increases 2013 interim dividend by 10% & pays special
Richard Solomons, Chief Executive of InterContinental Hotels Group PLC, said:
"We have delivered a good performance in the first half, with our preferred brands driving RevPAR growth of 3.7%, including 4.0% in the second quarter. Our global scale has allowed us to reinvest in the business whilst growing margins, resulting in solid underlying profit gains led by our Americas region, and strong cash flows.
Consistent with our long track record of returning value to shareholders, we today announce a $350m special dividend. In addition we are increasing the interim dividend by 10% reflecting our good first half results and the confidence we have in the future prospects of the business.
We continue to strengthen our foundation for future growth, signing more than 200 hotels into our pipeline, a notable increase on H1 2012 reflecting our owners' confidence in both IHG and the industry demand drivers.
Our high quality pipeline, broad geographic spread and fee based model give us confidence in the outlook, despite the ongoing challenging economic conditions in some of our markets."
Under the $500m share buyback programme announced on 7 August 2012, 4,777,504 shares were repurchased in the six months to 30 June 2013 for a consideration of $136m (before transaction costs), increasing the total amount repurchased to $243m. All of the shares repurchased in 2013 were held as Treasury Shares at 30 June 2013, the cost of which has been deducted from retained earnings. There were no Treasury Shares held at 31 December 2012 or earlier.
On 6 August 2013, the Group also announced a special dividend of 133.0 cents per share amounting to approximately $350m payable on 4 October 2013 on shares in issue on 23 August 2013.
Legal & General increases 2013 interim dividend by 22%
dividends up 22% and earnings per share up 13%
HSBC increases 2013 half yearly dividend by 21.7%
Profit before tax was up 10% to US$14.1bn on a reported basis.
Inchcape increases 2013 interim dividend 43% and announces share buyback
Operational and strategic highlights:
Laird increases 2013 interim dividend by 21%
Positioned for a strong H2, investing in the future and good level of cash conversion
Astra Zeneca maintains 2013 interim dividend at 90 cents
Revenue in the second quarter declined by 4 percent at constant exchange rates (CER), as the impact from products with recent loss of exclusivity has moderated from the levels experienced in recent quarters. Revenue for the rest of the portfolio was up 4 percent, fuelled by a double-digit increase from the five growth platforms. The pipeline was further strengthened by the addition of three promising late-stage assets in core therapeutic areas of cardiovascular/metabolism and respiratory diseases.
Royal Dutch Shell increases 2013 Q2 dividend by 5%
Royal Dutch Shell's second quarter 2013 earnings, on a current cost of supplies (CCS) basis (see Note 1), were $2.4 billion compared with $6.0 billion in the same quarter a year ago. Second quarter 2013 earnings included an identified net charge of $2.2 billion after tax, mainly reflecting impairments (see page 6). * Second quarter 2013 CCS earnings excluding identified items (see page 6), were $4.6 billion and included a combined negative impact of $0.7 billion after tax related to the impact of the weakening Australian dollar on a deferred tax liability and the impact of the deteriorating operating environment in Nigeria. Compared to the second quarter 2012, CCS earnings excluding identified items were also impacted by higher operating expenses and depreciation as well as increased exploration well write-offs. Second quarter 2012 CCS earnings excluding identified items were $5.7 billion. * Basic CCS earnings per share excluding identified items decreased by 21% versus the same quarter a year ago. * Cash flow from operating activities for the second quarter 2013 was $12.4 billion, compared with $13.3 billion in the same quarter last year. Excluding working capital movements, cash flow from operating activities for the second quarter 2013 was $8.4 billion, compared with $9.5 billion in the second quarter 2012. * Capital investment for the second quarter 2013 was $11.3 billion. Net capital investment (see Note 1) for the quarter was $10.9 billion. * Total dividends distributed in the quarter were $2.8 billion, of which some $0.8 billion were settled under the Scrip Dividend Programme. During the second quarter some 56.2 million shares were bought back for cancellation for a consideration of $1.9 billion. * Gearing at the end of the second quarter 2013 was 10.3% (see Note 2). * A second quarter 2013 dividend has been announced of $0.45 per ordinary share and $0.90 per American Depositary Share ("ADS"), an increase of 5% compared with the second quarter 2012.
Foreign and colonial Investment Trust increases dividend for 43rd year in a row
SUMMARY OF UNAUDITED RESULTS FOR THE HALF YEAR ENDED 30 JUNE 2013
UBM maintains 2013 Interim dividend at 6.7p
David Levin, UBM's Chief Executive Officer, commented:"As highlighted at the IMS in April, challenging market conditions,particularly in the UK construction sector, meant we had a tough first quarter.A good second quarter substantially offset the Q1 performance, thanks in largepart to healthy growth at our shows in China. With continued strong forwardbooking trends for our H2 Emerging Markets events we feel confident about thesecond half."During the first half we completed the Delta disposal and accelerated therestructuring of Marketing Services. We are aligning Marketing Services moreclosely with our events and focusing it on more profitable, community-basedbusiness models which take advantage of our strengths in high quality contentand audience reach. We're already seeing improved profitability, albeit onlower revenues. We expect this restructuring programme to be substantiallycomplete by the end of the year."These steps underline our determination to focus UBM's business on deliveringfaster growth and higher quality of earnings, as evidenced by our strong cashflow performance in the first half. We look forward, with confidence, to thesecond half of the year and beyond as UBM continues to develop as an events-ledmarketing services and communications business. "
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