Investors Chronicle Dividend of the week 30/07/2013
Investors Chronicle – Dividend of the week 30/07/2013
Recent articles for private investors with a focus on dividend announcements
British American Tobacco increases 2013 Interim Dividend by 7%
HALF YEAR HIGHLIGHTS
•
Group revenue was up by 2% and up by 4% at constant rates of exchange, mainly as a result of continuing good pricing momentum. Exchange rate movements adversely impacted three of the Group’s four regions.
•
Adjusted Group profit from operations increased by 4% and by 6% at constant rates of exchange.
•
The reported profit from operations was 3% higher at £2,807 million.
•
Group cigarette volume was 332 billion, a decline of 3.4%. Total tobacco volume (including cigarettes) was 3.2% lower. This performance was achieved against a total industry decline, a demanding one-off comparator and the leap year impact. Underlying cigarette volume decline was 2%.
•
The Group’s cigarette market share continued to increase in its Top 40 markets, led by good market share growth of the Global Drive Brands, which grew volume by 2.3%.
•
Adjusted diluted earnings per share rose by 8% to 109.1p, principally as a result of the growth in profit from operations. At constant rates of exchange, it was up by 10%.
•
Basic earnings per share were up by 9% at 106.6p (2012: 97.8p).
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The Board has declared an interim dividend of 45.0p, a 7% increase on last year, to be paid on 30 September 2013.
Dignity drops 2013 Interim dividend in lieu of return of cash to shareholders
Dignity plc (Dignity or the Group), the UK's only listed provider of funeral related services, announces its unaudited interim results for the 26 week period ended 28 June 2013.
Diageo increases 2013 final Dividend by 9%
Net sales growth of 5%, driven by 4 percentage points of positive price/mix
Devro increases 2013 interim dividend by 1.9%
Financial highlights
2013
Unaudited
2012
Restated*
Unaudited
Revenue
£118.9m
£115.4m
+3.1%
Operating profit
£17.9m
£20.5m
-12.8%
Profit before tax excluding net interest on pensions
£17.3m
£19.9m
-13.1%
Basic earnings per share excluding net interest on pensions
8.7p
9.7p
-10.3%
Interim dividend (per share)
2.70p
2.65p
+1.9%
Millenium & Copthorne maintain 2013 interim dividend at 2.08
Revenue is down £4.8m in the first half of 2013 year-on-year. This is due to a combination of factors affecting performance in the first two quarters of this year:
Rightmove increases 2013 interim dividend by 22%
Financial and Operational Highlights for the six months ended 30 June 2013
International personal finance increases 2013 interim dividend by 17.5%
Interim dividend increased by 17.5% to 3.8 pence per share
Pace increases 2013 interim dividend by 27%
Strong H1 trading performance: adjusted EBITA up 57.0% to $96.7m and free cash flow of $92.0m. Interim dividend increased 27.1% and full year profit guidance increased.
Capital & Counties maintains 2013 interim dividend at 0.5p
INTERIM REPORT FOR THE SIX MONTHS ENDED 30 June 2013
BP holds 2013 Q2 dividend at 9 cents
Bob Dudley, BP Group Chief Executive, said: "The results show strong underlying pre-tax performance from BP's businesses. We are seeing growth in production from new high-margin projects and are making good progress in exploration and project delivery. Completion of our operational milestones confirms our confidence in delivering our commitment to materially increase operating cash flow in 2014."
Drax reduces 2013 interim dividend by 40%
Six months ended 30 June
2013
2012
Key financial performance measures
EBITDA (£ million) (1)
120
154
Underlying earnings per share (pence) (2)
17.3
28.9
Interim dividend (pence per share) (3)
8.7
14.4
Statutory accounting measures
Profit before tax (£ million)
206
141
Reported basic earnings per share (pence)
41
33
ITV increases its 2013 interim dividend by 38%
ITV delivers strong growth and continues to rebalance
Senior increases 2013 interim dividend by 10%
FINANCIAL HIGHLIGHTS
Half-year to 30 June
2013
2012
REVENUE
£399.3m
£377.2m
+6%
OPERATING PROFIT
£42.1m
£48.4m
-13%
ADJUSTED OPERATING PROFIT
£53.3m
£50.7m
+5%
ADJUSTED OPERATING MARGIN
13.3%
13.5%
-0.2ppts
PROFIT BEFORE TAX
£37.1m
£43.2m
-14%
ADJUSTED PROFIT BEFORE TAX
£48.3m
£45.5m
+6%
BASIC EARNINGS PER SHARE
8.04p
8.17p
-2%
ADJUSTED EARNINGS PER SHARE
9.31p
8.57p
+9%
PROPOSED INTERIM DIVIDEND PER SHARE
1.52p
1.38p
+10%
FREE CASH FLOW
£28.1m
£27.7m
+1%
Hiscox increases 2013 interim dividend by 16.7%
H1 2013
H1 2012
Gross premiums written
£1,017.9m
£906.4m
Net premiums earned
£628.7m
£567.8m
Profit before tax
£180.7m
£125.8m
Earnings per share
42.4p
32.1p
Interim dividend per share
7.0p
6.0p
Net asset value per share
393.3p
337.2p
Group combined ratio
74.7%
81.7%
Return on equity (annualised)
25.8%
21.1%
Investment return (annualised)
1.5%
3.1%
Reserve releases
£73.6m
£116.3m
Reckitt Benckiser increases 2013 interim dividend by 7%
Commenting on these results, Rakesh Kapoor, Chief ExecutiveOfficer, said:
Anglo American Holds 2013 Interim dividend at last years level
Financial results impacted by weaker prices, partially offset by exchange gains and improved production
BskyB increases 2013 full year dividend by 18%
Record financial and operational performance on the back of strong demand
Reed Elsevier increases 2013 Interim dividend by 11%
Reed Elsevier, the global professional information company, reports underlying revenue, operating profit, and earnings growth on track.
Capita increases 2013 interim dividend by 10%
Half year results for the 6 months to 30 June 2013 Record sales growth and good financial performanceFinancial highlights Half year 2013 Half year 2012 ChangeRevenue £1,819m £1,607m + 13%Underlying operating profit £226.8m £214.1m + 6%Underlying profit before tax £205.2m £186.4m + 10%Underlying earnings per share 25.8p 23.7p + 9%Interim dividend per share 8.7p 7.9p + 10%
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