Recent articles for private investors with a focus on dividend announcements
Entain Plc Announces Second Interim Dividend of 8.5p per Share
In line with the dividend policy announced with the H1 Results in August 2022, the Board proposed a total dividend for 2022 of £100m. This is to be paid to shareholders in equal instalments with H1 and FY results. As such, a second interim dividend of £50m (8.5p share) will be paid to shareholders on 27 April 2023.
Forterra Plc Recommending Final Dividend of 10.1p
Our dividend policy is to distribute 55% of our earnings. This policy is supported by the Group's consistent cash generating ability coupled with a strong balance sheet. The Board is proposing a final dividend of 10.1p per share (2021: 6.7p) which, in addition to the interim dividend of 4.6p per share paid in October (2021: 3.2p), will bring the total dividend to 14.7p per share (2021: 9.9p). Subject to approval by shareholders, the final dividend will be paid on 7 July 2023 to shareholders on the register as at 16 June 2023.
Harbour Energy PLC final dividend 12 cents per ordinary shares
The Harbour Energy PLC Board is proposing final dividend with respect to 2022 of 12 cents per ordinary share to be paid in GBP at the spot rate prevailing on the record date. This dividend is subject to shareholder approval at the AGM, to be held on 10 May 2023. If approved, the dividend will be paid on 24 May 2023 to shareholders on the register as of 14 April 2023. A dividend re-investment plan (DRIP) is available to shareholders who would prefer to invest their dividends in the shares of the company. The last date to elect for the DRIP in respect of this dividend is 28 April 2023.
Breedon PLC announce a final dividend 2.1pence per share
Subject to shareholder approval, Breedon PLC intend to pay a dividend in respect of the 2022 financial results of 2.1p, an increase of 31% from 2021 (1.6p). This equates to a payout ratio of 30% (2021: 27%) of adjusted Underlying EPS. Assuming continued positive trading conditions and cash generation, the Group continues to target a payout ratio of 40% of Underlying EPS over time.
Legal & General Group Plc Announce Full Year Dividend of 19.37p
The Board has approved a slight amendment to the Group's dividend policy to reflect the fact that they will no longer be producing "Net release from operations" under IFRS 17. Accordingly, and to reflect the importance of solvency capital generation as a critical measure of dividend sustainability, the dividend policy will substitute "Net release from operations" with "Capital generation".
Ibstock plc announce a recommended final dividend of 5.5 pence per share
Ibstock Board is to recommend a final dividend of 5.5p per share (2021: 5.0p), for payment on 12 May 2023 to shareholders on the register on 21 April 2023. This will bring the full year dividend to 8.8p per share (2021: 7.5p), an increase of 17%. In recommending this level of dividend, the Board remains mindful of its objective to deliver a sustainable and progressive ordinary dividend over time.
Headlam Group announce a final dividend of 11.2 pence per share
The Headlam Board is proposing a 2022 final ordinary dividend of 11.2 pence per share (2021: 8.6 pence per share), subject to shareholder approval at the forthcoming AGM in May 2023 with the timetable given in the Financial Review. The final dividend combined with the 2022 interim ordinary dividend of 6.2 pence per share gives a total pay out of 17.4 pence per share in respect of the 2022 financial year, which is in line with the Company's targeted cover ratio of around 2x earnings.
Galliford Try Holdings Plc Interim dividend up 36% to 3.0p per share
The directors have reviewed the Group's results and outlook for the current financial year and have declared an interim dividend of 3.0p per share which will be paid on 14 April 2023 to shareholders on the register at the close of business on 17 March 2023. The Group expects dividend per share to increase in line with earnings, with a dividend cover of 2.0 times annual earnings.
CLS Holding announce a proposed final dividend maintained at 5.35 pence per share to be paid on 2 May 2023
CLS Holdings announce a proposed final dividend maintained at 5.35 pence per share to be paid on 2 May 2023, resulting in a total 2022 dividend of 7.95 pence per share, an increase of 3.2% (2021: 7.70 pence per share)
TClarke Plc are Proposing a 2022 Final Dividend of 4.1p per Share
TClarke are fully committed to a progressive dividend policy while at the same time balancing the interests and needs of all stakeholders. They are proposing a 2022 final dividend of 4.1p per share (2021: 4.1p), which together with the interim dividend of 1.25p paid in October 2022 brings the full 2022 dividend to 5.35p per share (2021: 4.85p), an increase of 10.3%.
Bakkavor Group PLC announce a proposed final dividend of 4.16p per Ordinary share
Bakkavor announce a proposed final 2022 dividend of 4.16 pence per Ordinary share, resulting in a total dividend for 2022 of 6.93 pence per Ordinary share. This represents an increase of 5.0% on 2021 and is in line with the interim dividend announced in September 2022. If approved by shareholders, the final dividend will be paid on 5 June 2023.
IP Group PLC announce a recommended final dividend of 0.76p per share
The IP Group Board remains committed to delivering a regular dividend income, which is intended to comprise a relatively small component of total shareholder return and will also continue to consider share buyback programmes and other capital return tools as realisations are generated from their portfolio. Accordingly, the Board has recommended a final dividend of 0.76p per share (2021: 0.72pps), to be approved at the Company's forthcoming AGM, which would represent a total dividend for 2022 of 1.26p (2021: 1.20pps).
Spirent Communications Plc's Final Dividend of 4.94 Cents per Share to be Paid in May 2023.
The Board is recommending the payment of a final dividend for 2022 of 4.94 cents (4.12 pence) per share which, together with the interim dividend of 2.63 cents (2.16 pence) per share paid in September 2022, brings the full year dividend to 7.57 cents (6.28 pence) per share, a dividend cover of 2.5 times adjusted earnings. This is a 12 per cent increase compared to the full year dividend for 2021. In Sterling terms this represents an increase of 24 per cent.
Johnson Service Group Plc Proposed a Final Dividend of 1.6 Pence per Share
The Board was pleased to reinstate dividend payments, declaring an interim dividend of 0.8 pence per share in September 2022. The proposed final dividend of 1.6 pence per share brings the total dividend for 2022 to 2.4 pence per share.
Reach PLC announce a final dividend proposed of 4.46 pence per share, flat with 2021, with full year dividend of 7.34p up 1.8%
The Reach PLC Board proposes a final dividend of 4.46 pence per share for 2022 (2021: 4.46 pence per share). The final dividend, which is subject to approval by shareholders at the Annual General Meeting on 3 May 2023, will be paid on 2 June 2023 to shareholders on the register at 12 May 2023.
Hiscox Ltd Recommends Final Dividend of 24 Cents per Share
The Board believes that paying a dividend is one important indicator of the financial health of the Group. Having carefully considered the capital requirements of the business, the Board has recommended to shareholders for approval the payment of the final dividend at 24.0 cents per share. This brings their total dividend for the year to 36.0 cents per share. The record date for the dividend will be 5 May 2023 and the payment date will be 13 June 2023. The Board proposes to offer a Scrip alternative, subject to the terms and conditions of Hiscox's 2022 Scrip Dividend Scheme. The last date for receipt of Scrip elections will be 22 May 2023 and the reference price will be announced on 31 May 2023.
STV Group PLC announce a final dividend of 7.4pence per share
The STV Board has proposed a final dividend of 7.4p per share for 2022, up 1% on 2021, giving a full year dividend of 11.3p per share, +3% on 2021, after considering all relevant factors including the ongoing macroeconomic and geopolitical uncertainty.
Just Group Plc Announces a Full Year Dividend of 1.73p per Share
In line with Just Group Plc's stated policy to grow the dividend over time, the Board is recommending a final dividend of 1.23 pence per share bringing the total dividend for the year ended 31 December 2022 to 1.73 pence per share, representing a 15% increase on the annualised dividend.
Keller Recommended Final Dividend of 24.5p
Keller has an unbroken record of dividends, having consistently and materially grown its dividend in the 28 years since listing which clearly demonstrates the Group's ability to continue to prosper through economic downturns, including both the global financial crisis and the pandemic. The Board is committed to paying dividends through the cycle and, despite the increase in net debt driven by growth in the year, the Board is recommending an increased dividend for 2022 in keeping with its confidence in the future. The Board has recommended a 5% increase in the final dividend which follows the 5% increase in the interim dividend and marks the resumption of the Group's progressive dividend policy. The final dividend of 24.5p (2021: 23.3p) will be paid on 23 June 2023 to shareholders on the register as at the close of business on 2 June 2023. This will bring the 2022 total dividend payable to 37.7p
Foxtons Group announce plc final dividend of 0.7p per share declared, total 2022 dividend of 0.9p per share
Foxtons Group plc Board has declared a final dividend of 0.7p per share, making a total in respect of 2022 of 0.9p per share under their policy of returning 35% to 40% of profit after tax in ordinary dividends. In 2022 they bought back 14.8 million shares through their share buyback programme at a cost of £4.9 million. The Board will review the continuation of the programme, bearing in mind their other capital needs, once the current authority, of which £1.1 million was unspent at 31 December 2022, is fully utilised.
Greggs Plc Recommended a Final dividend of 44.0p per Share
At the time of the interim results in August 2022 the Board declared an interim ordinary dividend of 15.0 pence per share (2021: 15.0 pence). In line with their progressive ordinary dividend policy and their target for the ordinary dividend to be twice covered by earnings, the Board intends to recommend at the AGM a final dividend of 44.0 pence per share (2021: 42.0 pence), giving a total ordinary dividend for the year of 59.0 pence (2021: 57.0 pence)
Quilter Plc Recommends Final Dividend of 3.3 Pence per Share
The Board recommended a Final Dividend of 3.3 pence per share at a total cost of £45 million. Subject to shareholder approval at the 2023 Annual General Meeting, the recommended dividend will be paid on 22 May 2023 to shareholders on the UK and South African share registers on 21 April 2023 (the "Record date"). For shareholders on their South African share register, a Final Dividend of 72.78087 South African cents per share will be paid on 22 May 2023, using an exchange rate of 22.05481. This will bring the dividend for the full year to 4.5 pence per share (2021: 4.0 pence per share).
Fresnillo Plc Announces a Final Dividend of 13.3 US Cents per Share
Based on the Group's 2022 performance, the Directors have recommended a final dividend of 13.3 US cents per Ordinary Share, which will be paid on 26 May 2023 to shareholders on the register on 28 April 2023. The dividend will be paid in UK pounds sterling unless shareholders elect to be paid in US dollars. This is in addition to the interim dividend of 3.4 US cents per share amounting to US$25.1 million. This final dividend is lower than the previous year due to the decrease in profits in 2022, and remains in line with the Group's dividend policy.
H & T announce a proposed full year dividend of 15.0p
H & T announce a proposed full year dividend of 15.0p (2021: 12.0p), representing a payout ratio of 40%, in line with their stated progressive dividend policy, subject to maintaining cover of at least two times.
Hill & Smith Holdings Plc Proposed Final Dividend of 22p
Based on the strong trading performance, the Board is recommending a final dividend of 22.0p per share, making a total dividend for the year of 35.0p per share (2021: 31.0p). The final dividend, if approved, will be paid on 7 July 2023 to shareholders on the register on 2 June 2023. Looking forward, they are aiming to provide sustainable and progressive dividend growth, targeting a prudent dividend cover of around 2.5 times underlying earnings.
Craneware PLC announce an interim dividend of 12.5p
The Craneware Plc Board has declared a dividend of 12.5p (15.13 cents) per ordinary share, payable on 14 April 2023 to those shareholders on the register as at 24 March 2023 (FY22 Interim dividend 12.5p). The ex-dividend date is 23 March 2023.
Clarkson plc announce a full year dividend of 93p per share
The Clarkson Plc Board is recommending a final dividend for 2022 of 64p (2021: 57p). Combined with the interim dividend in respect of 2022 of 29p (2021: 27p), the resulting full year dividend in respect of 2022 results is 93p (2021: 84p). The dividend will be payable on 26 May 2023 to shareholders on the register on 12 May 2023, subject to shareholder approval.
Pearson PLC announce a proposed final dividend of 14.9p
Pearson PLC have announced the dividend accounted for in their 2022 financial statements totalling £156m represents the final dividend in respect of 2021 (14.2p) and the interim dividend for 2022 (6.6p). They are proposing a final dividend for 2022 of 14.9p bringing the total paid and payable in respect of 2022 to 21.5p. This final 2022 dividend which was approved by the Board in March 2023, is subject to approval at the forthcoming AGM. For 2022, the dividend is covered 2.4 times by adjusted earnings.
Rightmove PLC announce final dividend for 2022 up 8% to 5.2p
Rightmove PLC are rcommending a final dividend of 5.2p per share for 2022 (2021: 4.8p). The final dividend will be paid, subject to shareholder approval, on 26 May 2023, taking the total dividend for the year to 8.5p, an increase of 9% on 2021 (2021: 7.8p).
IMI PLC announce a proposed final dividend of 17.4p, increased by 10%
The IMI PLC Board is recommending a 2022 final dividend of 17.4p per share (2021: 15.8p per share), resulting in a proposed final dividend increase of 10%. Payment will be made on 12 May 2023 to shareholders on the register at the close of business on 11 April 2023.
The London Stock Exchange Group have proposed final dividend for 2022 is 75.3 pence
The London Stock Exchange Group have proposed final dividend for 2022 is 75.3 pence - giving a total for the year of 107.0 pence, up 12.6% on 2021. This is consistent with their dividend policy and reflects a payout ratio of 34% of AEPS. Their dividend per share has grown at a compound annual rate of 17.4% over the last 20 years.
Taylor Wimpey announce 2022 final ordinary dividend of 4.78 pence per share, subject to shareholder approval and 2022 Interim dividend of 4.62 pence per share.
Yaylor Wimpey have announced that, subject to shareholder approval at the AGM scheduled for 27 April 2023 the 2022 final ordinary dividend of 4.78 pence per share will be paid on 12 May 2023 to shareholders on the register at the close of business on 31 March 2023 (2021 final dividend: 4.44 pence per share). In combination with the 2022 interim dividend of 4.62 pence pershare this gives total ordinary dividends for the year of 9.40 pence per share (2021 ordinary dividend: 8.58 pence per share). In addition, the Group returned £150.0 million in capital by way of a share buyback in the year, buying back116,942,362 ordinary shares, of which 25,000,000 have been retained in Treasury with the remainder cancelled.
Schroders PLC The Board has recommended a final dividend of 15.0 pence per share, making a total dividend of 21.5 pence per share.
The Schroders Board has recommended a final dividend of 15.0 pence per share, making a total dividend of 21.5 pence per share.
Persimmon Board proposes a final dividend of 60p per share
Persimmon PLC announce a final dividend of 60p per share:
The ME Group International Plc Board has Declared a Final Dividend of 3.00 Pence per Ordinary Share
In July, the Board announced that it was adopting a distribution policy under which, for the foreseeable future, it will pay annual dividends in excess of 50% of its annual profits after tax subject to market and capital requirements. This total will be split between interim dividends (1/3) (generally to be paid in the month of November) and final dividends (2/3) (generally to be paid in the month of May).
International Personal Finance Plc Proposes a Final Dividend of 6.5p per Share
Based on the successful execution of International Personal Finance Plc's growth strategy and continued significant growth potential, the Board is pleased to declare a 12.1% increase in the final dividend to 6.5 pence per share. This is in line with the Group's progressive dividend policy and brings the full-year dividend to 9.2 pence per share (2021: 8.0 pence per share), an increase of 15% on 2021 and representing a pre-exceptional payout rate of 44% (2021: 43%). This is a higher payout rate than the 40% minimum rate within their financial model and, as previously indicated, the Board is utilising surplus capital above their 40% equity to receivables ratio to pay a higher rate whilst the business rebuilds both scale and their returns to the target range of between 15% and 20%. Subject to shareholder approval, the final dividend will be paid on 5 May 2023 to shareholders on the register at the close of business on 11 April 2023. The shares will be marked ex-dividend on 6 April 2023.
Rathbones Group Plc Board Recommends a Final Dividend of 56p for 2022
The board recommends a final dividend of 56p for 2022 (2021: 54p), making a total of 84p for the year (2021: 81p), an increase of 3.7% on 2021. This is consistent with the progressive policy and is supported by their strong capital position and robust balance sheet. The dividend will be paid on 9 May 2023, subject to shareholder approval at theirr 2023 Annual General Meeting on 4 May 2023.
Nichols Plc Proposed final dividend of 15.3p
Considering the Nichols Plc improved performance in the period and in-line with the Group's stated dividend policy of broadly 2x cover, the Board today proposes a final dividend of 15.3p which, together with the interim dividend paid, would result in a full year dividend for 2022 of 27.7p, representing a 19.9% increase year-on-year.
Weir Group Plc Board has Approved a Final Dividend of 19.3p
The current year dividend is in line with the capital allocation policy announced in Weir Group Plc's 2020 Annual Report and Financial Statements, under which the Group intends to distribute 33% of adjusted earnings by way of dividend. As a result, dividend cover in 2022 is 3.0 times.
Ricardo Plc Declares Increased Interim Dividend of 3.35p
The Board has declared an interim dividend of 3.35p per share (HY 2021/22: 2.91p). The dividend will be paid gross on 11 April 2023 to holders of ordinary shares on the Company's register of members on 10 March 2023.
Reckitt Benckisser Group Plc Recommends a Final 2022 Dividend of 110.3 pence
The Board of Directors recommends a final 2022 dividend of 110.3 pence (2021: 101.6 pence). The ex-dividend date will be 6 April 2023 and the dividend will be paid on 24 May 2023 to shareholders on the register at the record date of 11 April 2023. The last date for election for the share alternative to the dividend is 17 May 2023. The final 2022 dividend will be accrued once approved by shareholders.
St. James Place proposed full year dividend of 52.78 pence per share, in line with their 70% target pay-out ratio
St James Place a proposed final dividend of 37.19 pence per share, making for a total dividend of 52.78 pence per share for the year, an increase of c.2% over the 2021 dividend.
Law Debenture have declared a full year of 30.5pence per share
Law Denture have declared a 2022 full year dividend increased by 5.2% to 30.5 pence per Ordinary Share (2021: 29.0 pence per Ordinary Share).
Serco Group Plc Recommended a Final Dividend per Share of 1.92p
The Board is recommending a final dividend of 1.92p per share. Following the interim dividend of 0.94p, this results in a full year dividend of 2.86p, an increase of 19% compared to 2021, as Serco Group Plc continues on their path to reduce dividend cover progressively towards 3x over the coming years.
Abrdn Plc has recommended a final dividend of 7.3p for 2022
The Board has recommended a final dividend for 2022 of 7.3p (2021: 7.3p) per share. This is subject to shareholder approval and will be paid on 16 May 2023 to shareholders on the register at close of business on 31 March 2023. The dividend payment is expected to be £142m.
Unite Group Plc Proposes Final Dividend Payment of 21.7p per Share
Unite Group Plc are proposing a final dividend payment of 21.7p per share (2021: 15.6p), making 32.7p for the full year (2021: 22.1p) and representing a 48% increase compared to 2021. The final dividend will be fully paid as a Property Income Distribution (PID) of 21.7p, which they expect to fully satisfy our PID requirement for the 2022 financial year.
Rotork PLC proposes a final dividend of 4.30p per share
The Rotork PLC Board is proposing a final dividend of 4.30p per share. When taken together with the 2.40p interim dividend paid in September 2022, the 6.70p (2021: 6.40p per share) represents a 4.7% increase in dividends over the prior year. This gives dividend cover of 1.9 times (2021: 1.8 times) based on adjusted earnings per share.
Intertek Group Plc Board Recommends Full Year Dividend of 105.8p per Share
Reflecting the Group's strong cash generation in 2022, the Board recommends a full year dividend of 105.8p per share, in-line with prior year.
Derwent London announce a full year dividend of 78.5p, up 2.6% from 76.5p
The Derwent London board is recommending a 1.0p per share or 1.9% increase in the final dividend to 54.5p. It will be paid in June 2023 with 38.5p as a PID and the balance of 16.0p as a conventional dividend.
Man Group Plc Board Confirms it will Recommend a Final Dividend of 10.1¢ per Share
Man Group's ordinary dividend policy is progressive, taking into account the growth in the firm's overall earnings. The firm first takes into account required capital and potential strategic opportunities and maintains a prudent balance sheet. Their policy is to then distribute available capital to shareholders over time by way of higher dividend payments and/or share repurchases. While the Board considers dividends as the primary method of returning capital to shareholders, it will continue to execute share buybacks when advantageous.
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