Recent articles for private investors with a focus on dividend announcements
Morgan Sindall Group announce a total dividend up 13% to 114p per share
The Morgan Sindall Group plc proposed final dividend has increased by 15% to 78p per share (FY 2022: 68p), resulting in a total dividend for the year of 114p per share (FY 2022: 101p), an increase of 13%. This represents dividend cover of 2.2x and reflects the result for the year, the strong balance sheet and the Board's confidence in the long-term prospects of the Group.
Hays plc declare an unchanged interim dividend of 0.95 pence per share
The Hays plc Board has declared an unchanged interim core dividend of 0.95 pence per share, reflecting a strong financial position and the Board's confidence in the Group's strategy. This represents pre-exceptional dividend cover of 2.5x, within our target core full year dividend cover range of 2.0 to 3.0x earnings. The ex-dividend date is 29 February 2024, and their dividend payment date will be 9 April 2024
The Hargreaves Lansdown Plc Board has declared an interim dividend of 13.2 pence per share
The Hargreaves Lansdown Plc Board has declared an interim dividend of 13.2 pence per share in line with their guidance of a 4% increase on H1 2023.
Genus plc announce an interim dividend of 10.3p per
The Genus Board has declared an unchanged interim dividend of 10.3 pence per share, which is payable on 28 March 2024 to shareholders on the register at 1 March 2024.
WPP Plc announce a final dividend of 24.4p
The WPP Plc Board is proposing a final dividend for 2023 of 24.4 pence per share, which together with the interim dividend paid in November 2023 gives a full-year dividend of 39.4 pence per share. The record date for the final dividend is 7 June 2024, and the dividend will be payable on 5 July 2024.
ME Group International Plc announce final dividend of 4.42pence per share
The ME Group International Plc Board has recommended a final dividend for the year ended 31 October 2023 of 4.42 pence per Ordinary share ("Final Dividend") amounting to £16.6 million. Combined with the Interim Dividend, this brings the total dividend for the year ended 31 October 2023 to 7.39 pence per Ordinary share (£27.9 million).
BAE Systems has recommended a final dividend of 18.5p
The BAE Systems Board has recommended a final dividend of 18.5p, taking the total dividend for 2023 to 30.0p - an increase of 11.1% on last year. Subject to shareholder approval at the 2024 Annual General Meeting, the dividend will be paid on 3 June 2024 to shareholders on the share register on 19 April 2024.
HSBC Holdings announce a fourth interim dividend of $0.31 per share
The HSBC Board has approved a fourth interim dividend of $0.31 per share, resulting in a total for 2023 of $0.61 per share. They also intend to initiate a share buy-back of up to $2.0bn, which they expect to complete by their first quarter 2024 results announcement.
BHP Shareholders to Receive Enhanced Final Dividend of US$0.80 Per Share, Surpassing Minimum Payout Policy
BHP announced a final dividend of US$0.80 per share (US$4.1 bn), equivalent to a 59% payout ratio and inclusive of an additional amount of US$0.64 bn above the minimum 50% payout policy. This brings total cash dividends announced for FY23 to US$1.70 per share, including an additional amount of US$1.9 bn above the minimum payout policy, and making this the third largest full year ordinary dividend declared by the firm.
Intercontinental Hotels Group Proposes 10% Increase in Final Dividend for 2023, Totaling 152.3¢ for FY23.
Intercontinental Hotels Group (Ticker: IHG) proposed a final dividend of 104.0¢ in respect of 2023, which is a growth of 10% from 2022. With the interim dividend of 48.3¢ paid in October 2023, the total dividend for the year would be 152.3¢, representing an increase of 10%. The ex-dividend date is Thursday 4 April 2024 and the record date is Friday 5 April 2024.
Antofagasta Plc have announced a recommended final dividend of 24.3 cents per share
Antofagasta plc announce a recommended final dividend of 24.3 cents per share, in line with the Company's dividend policy of distributing at least 35% of earnings. The proposed final dividend is subject to approval by shareholders at the Company's AGM in May 2024, and if approved, would bring the total dividend for the year to 36.0 cents per share (50% of underlying earnings per share).
Plus500 Ltd have declared a final dividend of $31.0 million
On 20 February 2024, Plus500 Ltd declared a final dividend in an amount of $31.0 million ($0.3911 per share). The dividend record date is 1 March 2024 and it will be paid to the shareholders on 11 July 2024.
Moneysupermarket.Com Group Plc announce a full-year dividend up 3% to 12.1p
The Moneysupermarket.com Group Plc Board has recommended a final dividend of 8.9p pence per share (2022: 8.6p), making the proposed full year rdividend 12.1p pence per share (2022: 11.7p). The final dividend will be paid on 10 May 2024 to shareholders on the register on 2 April 2024, subject to approval by shareholders at the Annual General Meeting to be held on 2 May 2024.
MJ Gleeson Plc Board declare an interim dividend of 4.0 pence per share
The MJ Gleeson Plc Board is declaring an interim dividend of 4.0 pence per share (H1 22/23: 5.0 pence per share). The Company's policy of covering total full year dividends with earnings between three and five times remains in place.
RELX Plc announce a proposed full year dividend 58.8
RELX Plc announce their final dividend proposed by the Board is 41.8p per share (subject to shareholder approval at the 2024 AGM). If approved, the final dividend will be paid on 13 June 2024, with an ex-dividend date of 2 May 2024 and a record date of 3 May 2024. Shareholders on the Register of Members or holding shares in CREST will automatically receive their dividends in Pounds Sterling (but may elect to receive their dividends in Euro). Shareholders who hold shares through Euroclear Nederland will automatically receive their dividend in Euro (but may elect to receive their dividend in Pounds Sterling). The closing date for currency elections is 20 May 2024.
South32 announce an interim dividend of US 0.4 cents per share
The South32 Board has resolved to pay an interim dividend of US 0.4 cents per share (fully-franked) for the half year ended 31 December 2023.
Dunelm Group Plc announce an iterim dividend of 16p an increase of 7%
The Dunelm Group Board has declared an interim ordinary dividend of 16 pence per share, an increase of 7% compared to FY23 (FY23 H1: 15p), at a cash cost of £32m. The interim dividend will be paid on 9 April 2024 to shareholders on the register at the close of business on 14 March 2024.
British American Tobacco has declared an interim dividend of 235.5p
The British American Tobacco plc Board has declared an interim dividend of 235.5p per ordinary share of 25p for the year ended 31 December 2023, payable in four equal quarterly instalments of 58.8795p per ordinary share in May 2024, August 2024, November 2024 and February 2025. This represents an increase of 2.0% on 2022 (2022: 230.9p per share), and a pay-out ratio, on 2023 adjusted diluted earnings per share, of 62.7%.
AstraZeneca announce a second interim dividend declared of $1.97 per share
Astrazeneca plc second interim dividend of $1.97 per share (156.0 pence, 20.65 SEK) has been declared, resulting in a full-year dividend per share of $2.90 (227.8 pence, 30.29 SEK)
Unilever declare an interim dividend of £0.3647
The Unilever plc Board has declared a quarterly interim dividend for Q4 2023 of £0.3647 per Unilever PLC ordinary share or €0.4268 per Unilever PLC ordinary share at the applicable exchange rate issued by WM/Reuters on 6 February 2024.
PZ Cussons to reduce the interim dividend by 44% to 1.50p
The PZ Cussons plc Board has reviewed the dividend carefully given the material devaluation of the Naira, particularly as it is difficult to foresee a significant rebound in the value of the currency in current circumstances. Had the exchange rate as at 31 January 2024 been the rate used to translate the FY23 results, FY23 EPS would have been over 30% lower. As a result, the Board has determined that it would not be prudent to pay an unchanged dividend. It has therefore elected to pay an interim dividend of 1.50p with the objective of achieving a cover of approximately two times for FY24.
Barrett Developments plc announce an interim ordinary dividend of 4.4p
The Barratt Developments plc Board has declared an interim dividend of 4.4 pence per share (HY23: 10.2 pence per share). The interim dividend will be paid on Friday 17 May 2024 to all shareholders on the register on Friday 12 April 2024. Shareholders who wish to elect for the Dividend Reinvestment Plan should do so by 26 April 2024. The Board, in line with its stated dividend policy, continues to target a full year ordinary dividend based on an ordinary dividend cover of 1.75x adjusted earnings per share.
Smurfit Kappa Group Plc announce a final dividend increased by 10% to 118.4 cent per share
The Smurfit Kappa Group Plc Board is recommending a 10% increase in the final dividend to 118.4 cent per share. It is proposed to pay this dividend on 10 May 2024 to all ordinary shareholders on the share register at the close of business on 12 April 2024, subject to the approval of the shareholders at the AGM.
Redrow announce an interim dividend of 5pence per share
Redrow plc have declared an interim dividend of 5 pence per share. This will be paid on 8 April 2024 to those shareholders on the register at the close of business on 23 February 2024.
Renishaw plc have declared an Interim dividend of 16.8p per share
The Renishaw Board has approved an interim dividend of 16.8 pence net per share (FY2023: 16.8p), which will be paid on 9 April 2024 to shareholders on the register on 8 March 2024.
Mattoli Woods announce an interim dividend up 2.3% to 9.0p
The Mattioli Woods Board is pleased to announce an interim dividend of 9.0p per share (1H23: 8.8p) up 2.3%, demonstrating their desire to deliver value to shareholders. The Board continues to review its dividend policy given the increased number of shares in issue following recent acquisitions since the policy was established, alongside the need to invest in scale, increased efficiency, and acquisitions. The Board currently maintains a progressive dividend policy, while maintaining an appropriate level of dividend cover. The interim dividend will be paid on 22 March 2024 to shareholders on the register at the close of business on 16 February 2024, with an ex-dividend date of 15 February 2024.
Alumasc Group plc approves an interim dividend per share of 3.45 pence
Alumasc Group plc (ALU:LSE), has approved an interim dividend per share of 3.45 pence (FY23 interim dividend: 3.40 pence) which will be paid on 8 April 2024 to shareholders. The cash cost of the dividend is expected to be £1,240,000. As the dividend was approved after the statement of financial position date, it has not been accrued in the interim consolidated financial statements. A final dividend per share of 6.90 pence for the 2022/23 financial year was paid at a cash cost of £2,482,000 from six months to 31 December 2023.
Shell plc announce an interim of $0.344
The Board of Shell plc (the “Company”) today announced an interim dividend in respect of the fourth quarter of 2023 of US$ 0.344 per ordinary share.
GSK Plc announce an increased dividend of 16p declared for Q4 2023
The GSK Board has declared a fourth interim dividend for 2023 of 16.00p per share (Q4 2022: 13.75p per share).
Diageo plc have declared interim dividend increased by 5% to 40.50 cents per share
Diageo plc have declared an interim dividend of 40.50 cents per share will be paid to holders of ordinary shares and US ADRs on register as of 1 March 2024. The ex-dividend date is 29 February 2024. This represents an increase of 5% on last year's interim dividend. The interim dividend will be paid to holders of ordinary shares and US ADRs on 17 April 2024. Holders of ordinary shares will receive their dividends in sterling unless they elect to receive their dividends in US dollars by 15 March 2024. The dividend per share in pence to be paid to ordinary shareholders will be announced approximately two weeks prior to the payment date and will be determined by the actual foreign exchange rates achieved by Diageo buying forward contracts, entered into during the three days preceding the announcement. A dividend reinvestment plan is available to holders of ordinary shares in respect of the interim dividend and the plan notice date is 15 March 2024.
Wynnstay Group have proposed final dividend of 11.75p
The Board is to propose an increased final dividend of 11.75p per share (2022: 11.60p). This together the interim dividend of 5.50p per share, paid on 31 October 2023, takes the total dividend for the year of 17.25p (2022: 17.00p), a 1.5% rise on the previous financial year. Subject to shareholder approval, the final dividend will be paid on 30 April 2024 to shareholders on the register as at 2 April 2024.
SThree plc declares final dividend of 11.6 pence per share, taking full year dividend to 16.6 pence per share
SThree plc management proposed a final dividend of 11.6 pence per share, which taken together with the interim dividend of 5.0 pence per share, gives the total dividend for the year of 16.6 pence per share, an increase of 4% over the prior year. This is in line with the firm's policy to offer shareholders long-term ordinary dividend growth within a targeted cover range of 2.5x to 3.0x and forms part of their wider capital allocation policy.
NCC Group announce an unchanged interim dividend of 1.50p (H1 2023: 1.50p) per ordinary share declared
The NCC Group Board is declaring an unchanged interim dividend of 1.50p per ordinary share (H1 2023: 1.50p).
Titon Holdings announce a proposed final dividend of 0.5 pence per share
The Titon Holdings Directors are proposing a final dividend of 0.5 pence per share (2022: 0.5 pence). The total dividend for the year will therefore be 1.0 pence per share (2022: 2.0 pence). If approved by shareholders at the forthcoming Annual General Meeting on 26 March 2024, the dividend will be payable on 5 April 2024 to shareholders on the register at 23 February 2024. The ex-dividend date is 22 February 2024.
Idox announce a proposed final dividend increased by 20% to 0.6p per share
The Board has proposed an increased final dividend of 0.6p (2022: 0.5p) for FY23. Subject to approval at the AGM, the final dividend will be paid on 12 April 2024 to shareholders on the register as at 2 April 2024.
LPA Group announce a proposed dividend of 1p
LPA Group announce a final dividend of 1p per share (2022: nil) has been declared for the year ended 2023.
IG Group Holdings Plc announce an increased interim cash dividend to 13.56 pence per share
The IG Group Holdings Plc Board have proposed interim dividend for FY24 of 13.56 pence per share, totalling approximately £52.1 million, was approved by the Board on 24 January 2024. This dividend will be paid on 1 March 2024 to those members on the register at the close of business on 2 February 2024.
Hargreaves Services announce an interim dividend of 18.0pence per share
The Hargreaves Services Board announce an interim dividend of 18.0p (2022: 3.0p) reflects the cash generative nature of the Group and the continued expectation of recurrent cash returns from HRMS. The 18.0p interim dividend represents 50% of the Board's expected full year dividend.
Crest Nicholson Holdings propose a final dividend of 11.5 pence per share
The Crest Nicholson Holdings Plc Board proposes to pay a final dividend of 11.5 pence per share for the financial year ended 31 October 2023 which, subject to shareholder approval, is expected to be paid on 23 April 2024 to shareholders on the Register of Members on 22 March 2024. This is in addition to the 5.5 pence per share interim dividend that was paid in October 2023. The Group expects to revert to its policy of dividend cover of 2.5 times for FY24, having deviated from policy in FY23 to meet their commitment to maintain the same cash dividend as FY22.
Gateley (Holdings) announce a proposed interim dividend maintained at 3.3p
The Gateley (Holdings) Plc board proposes an interim dividend of 3.3p (H1 23: 3.3p) per share. This dividend will be paid on 28 March 2024 to shareholders on the register at the close of business on 23 February 2024. The shares will go ex-dividend on 22 February 2024. This dividend has not been recognised as a liability in the interim accounts.
Gateley (Holdings) announce a proposed interim dividend maintained at 3.3p
The Gateley (Holdings) Plc board proposes an interim dividend of 3.3p (H1 23: 3.3p) per share. This dividend will be paid on 28 March 2024 to shareholders on the register at the close of business on 23 February 2024. The shares will go ex-dividend on 22 February 2024. This dividend has not been recognised as a liability in the interim accounts.
Safestore Holdings announce a 1% increase in the dividend for the year to 30.1 pence
The Safestore Holdings Plc Board is to recommend a final dividend of 20.2 pence per share (FY2022: 20.4 pence) resulting in a full year dividend up 1% to 30.1 pence per share (FY2022: 29.8 pence).
Shoe Zone Plc propose that a final dividend of 8.9 pence per share
Shoe Zone Plc propose that a final dividend of 8.9 pence per share be paid in March 2024 on the basis of a 40% pay-out ratio, totalling 11.4 pence per share (2022: 40% payout 8.8 pence per share). The Board will also propose an additional special dividend of 6.0 pence per share (to be paid in March 2024), bringing the total to 17.4 pence per share (2022: 17.0 pence per share).
Diageo plc have declared interim dividend increased by 5% to 40.50 cents per share
Diageo plc have declared an interim dividend of 40.50 cents per share will be paid to holders of ordinary shares and US ADRs on register as of 1 March 2024. The ex-dividend date is 29 February 2024. This represents an increase of 5% on last year's interim dividend. The interim dividend will be paid to holders of ordinary shares and US ADRs on 17 April 2024. Holders of ordinary shares will receive their dividends in sterling unless they elect to receive their dividends in US dollars by 15 March 2024. The dividend per share in pence to be paid to ordinary shareholders will be announced approximately two weeks prior to the payment date and will be determined by the actual foreign exchange rates achieved by Diageo buying forward contracts, entered into during the three days preceding the announcement. A dividend reinvestment plan is available to holders of ordinary shares in respect of the interim dividend and the plan notice date is 15 March 2024.
Dewhurst Group Plc
The Dewhurst Board is proposing a final dividend of 11.00p (2022: 10.25p). If approved, this would be paid on 26 February 2024 and would result in a total dividend for 2023 of 15.75p per share which is 6.8% up on 2022 and is covered 4.1 times by earnings. The dividend would be paid to members on the register at 19 January 2024 (ex-dividend 18 January 2024). Dividends are accounted for when paid or approved by shareholders, and not when proposed, therefore the proposed final dividend for 2023 has not been accrued at the end of the reporting period.
Carrs Group announce a final dividend of 2.85p per share
The Carrs Group 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, the same as the prior year (2022: 5.20 pence).
Triad Group announce a maintained dividend of 2p per share
The Directors propose an interim dividend maintained for the period to 30 September 2023 of 2p per share (2022 interim dividend: 2p per share).
Hollywood Bowl have declared a final ordinary dividend of 8.54 pence per share
Hollywood Bowl Board has declared a final ordinary dividend of 8.54 pence per share, based on an adjusted profit after tax of £36.8m (adjusted earnings per share of 21.48 pence).
Driver Group propose a final dividend for 2023 of 0.75p per share
The Driver Group Directors propose a final dividend for 2023 of 0.75p per share (2022: 0.75p per share) in addition to the interim dividend paid in October 2023 of 0.75p per share (2022: 0.75p). This will be paid on 11 April 2024 to shareholders who are on the register of members at the close of business on 1 March 2024, with an ex-dividend date of 29 February 2024, subject to approval at the Group's Annual General Meeting.
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