Recent articles for private investors with a focus on dividend announcements

Unilever announce a quarterly shareholder dividend of €0.4268 per share and share buyback programme of up to €3 billion underway
The Board has declared a quarterly interim dividend for Q2 2021 of £0.3693 per Unilever PLC ordinary share or €0.4268 per Unilever PLC ordinary share at the applicable exchange rate issued by WM/Reuters on 20 July 2021.

Breedon Group PLC announces a first interim dividend of 0.5 pence per share
The Breedon Board believes that, given the Group's scale, level of maturity and cash generation, this is the right time to implement a structured cash return to shareholders in the form of a committed and progressive dividend policy.

Centaur Media announce an Interim dividend of 0.5 pence per share
Centaur's Board will pay an interim dividend of 0.5p per share (HY 2020: 0p). This follows the announcement at Centaur's preliminary results in March 2021, where the Board recommended the resumption of its normal dividend policy, which aims to distribute 40% of adjusted. earnings after taxation, subject to a minimum aggregate total of 1p per share per year.

Nichols announce an interim dividend of 9.8p
As disclosed in the Nichols Group's 2020 Annual Report, the Board evolved the dividend policy to reflect the balance of shareholder needs and the clear opportunities for growth that will exist in the soft drinks market post the pandemic.

Redcentric announce a final dividend of 2.4p (£3.7m) is being recommended
During the year, an interim dividend of 1.2p (£1.9m) was paid by Redcentric and a final dividend of 2.4p (£3.7m) is being recommended to shareholders. It is the intention of the board of directors of the Company (the "Board") to continue with a progressive dividend policy (50% of adjusted earnings) in FY22 and beyond.

Winkworth Plc announce a dividend of 2.2p per ordinary share for the second quarter
The Directors of M Winkworth Plc ("Winkworth" or the "Company") are to announce that the Company will pay a dividend of 2.2p per ordinary share for the second quarter of 2021 to shareholders.

Caledonia Mining announce an increased dividend of 12 cents
Caledonia Mining announce an 8% increase from the previous quarterly dividend of 12 cents.

Porvair announce an interim dividend increased 0.1 pence per share to 1.8 pence
The Porvair final dividend approved for the year ended 30 November 2020 was paid to shareholders on 4 June 2021.

Gresham House Energy Storage Fund PLC to announce a dividend of 1.75p per Ordinary Share
Gresham House Energy Storage Fund PLC (LSE: GRID) is to announce a dividend of 1.75p per Ordinary Share for the period from 1 April 2021 to 30 June 2021. The dividend will be paid on 30 July 2021 to Shareholders on the register as at the close of business on 9 July 2021. The ex-dividend date is 8 July 2021.

Micro Focus announce interim dividend of 8.80cents
Micro Focus International are to announce that their interim dividend will be 8.80 cents. This dividend is consistent with dividend policy of five times covered adjusted earnings for the full year, which they intend to pay approximately one third by way of interim and two thirds by way of final dividend.

Argentex announce a final dividend of 2p per share to be paid
The Argentex Board of Directors is recommending a final dividend for year ended 31 March 2021 of 2p per share. Subject to approval at the Annual General Meeting to be held at 2:30pm on the 4 August 2021, the payment will be made on 13 September 2021 to shareholders on the register at 13 August 2021.

XPS Pensions Group proposes a final dividend of 4.4p bringing the total dividend for the year to 6.7p
A final dividend of 4.4p is being proposed by the Board (FY 2020: 4.3p). The final dividend, if approved, which amounts to £9.0m (FY 2020: £8.8m), will be paid on 23 September 2021 to those shareholders on the register on 27 August 2021.

Latham(James) PLC announces 15.5pence per share
The Latham(James) Board has declared a final dividend of 15.5p per Ordinary Share (2020: 10.0p). The dividend is payable on 27 August 2021 to ordinary shareholders on the Company's register at close of business on 6 August 2021. The ex-dividend date will be 5 August 2021. The total dividend per ordinary share of 21.2p for the year (2020: 15.5p) is covered 3.6 times by earnings (2020: 4.1 times).

Crest Nicholson announces an interim dividend declared of 4.1 pence per share
The Crest Nicholson Board has declared an interim dividend of 4.1 pence per share, payable on 14 October 2021 to shareholders on the register on 24 September 2021. The dividend represents approximately one third of the dividend expected to be paid in respect of the financial year ending 31 October 2021.

MS International announces a recommended final dividend of 6.5p per share
The MS International Board recommends the payment of a reinstated final dividend of 6.5p per share (2020 - 1.75p) making a total for the year of 8.25p (2020 - 3.5p). The final dividend is expected to be paid on the 10th August 2021, to those shareholders on the register at the close of business on 16th July 2021.

Smith (DS) announce a final dividend for this year of 8.1 pence
The Smith(DS) Board considers the dividend to be a very important component of shareholder returns. In December 2020 they announced an interim dividend of 4.0 pence per share. Their policy is that dividends will be progressive and that, in the medium term, dividend cover should be on average of 2 to 2.5 times (relative to adjusted earnings per share), through the cycle. Accordingly, they are announcing a final dividend for this year of 8.1 pence, taking the total dividend for the year to 12.1 pence (2019/20: nil), in line with their policy.

Trifast PLC announce a proposed final dividend of 1.60p
Trifast PLC did not propose an interim dividend for FY2021 (FY2020: interim 1.20p). However, reflective of the strong recovery demonstrated by the Group through the second half of the year, the Board reports that they are proposing, subject to shareholder approval, a final dividend of 1.60p (FY2020: nil).

Telecom Plus announce a full year dividend maintained at 57p per share
Telecom Plus are proposing a final dividend of 30p (2020: 30p), bringing the total for the year to 57p (2020: 57p), reflecting a strong balance sheet and confidence in the outlook for the coming year. It will be paid on 30 July 2021 to shareholders on the register at the close of business on 9 July 2021 subject to approval by shareholders at the Company's AGM which will be held on 22 July 2021.

Halfords announce proposed final dividend of 5.0pence per share
In light of the COVID-19 pandemic and the impact on short-term profitability, the Halfords Board has taken a series of measures to preserve cash, one of which was a suspension of the dividend. After the strong close in the final quarter of FY21, the Board has recommended to shareholders that final dividend of 5.0p per share should be paid (FY20: Nil per share).

Care Tech Holdings PLC announce an increased interim dividend of 4.6p declared and dividend policy reaffirmed
The CareTech Board policy is to increase the dividend broadly in line with the movement in underlying diluted earnings per share continues. In line with this policy, the Board recommend an interim dividend of 4.6p (2020: 4.0p) per share, to be paid on 19 November 2021 to shareholders on the register at the close of business on 22 October 2021.

Safestore announces a 27.1% increase in the interim dividend to 7.5p
The Safestore Holdings PLC Board has announced an interim dividend of 7.5 pence per share, representing a 27.1% increase from the interim dividend paid last year of 5.9 pence. This will amount to a dividend payment of £15.8m (H1 2020: £12.4m). The dividend will be paid on 13 August 2021 to shareholders who are on the Company's register at the close of business on 9 July 2021. The ex-dividend date will be 8 July 2021. 100% (H1 2020: 100%) of the dividend will be paid as a REIT Property Income Distribution ("PID").

Volex PLX announce proposed final dividend of 2.2pence per share
Subject to approval by shareholders at the Volex PLC AGM on 29 July 2021, the proposed final dividend of 2.2p per ordinary share will be paid on 6 August 2021 to those shareholders on the register on 16 July 2021.

Severfield PLC announces total dividend of 2.9p per share, includes proposed final dividend of 1.8p per share
Despite the significant impact of COVID-19 on the 2021 results, the Severfield PLC board is recommending a final dividend of 1.8p per share (2020: 1.8p), payable on 4 September to shareholders on the register at the close of business on 12 August. This together with the interim dividend of 1.1p per share (2020: 1.1p), will result in a total dividend of 2.9p per share (2020: 2.9p), unchanged from the previous year.

Best of the Best announce a proposed 5.0p final dividend to be paid on 1 October 2021
In line with their progressive dividend policy, the Best of the Best Board is recommending a final dividend of 5.0p per share (2020: 3.0p) for the full year ended 30 April 2021 subject to shareholder approval at the Annual General Meeting on 15 September 2021. The final dividend will be paid on 1 October 2021 to shareholders on the register on 17 September 2021.

Ashtead Group PLC announce a proposed final dividend of 35.0p, making 42.15p for the full year
Ashtead Group has a progressive dividend policy, which considers both profitability and cash generation, and results in a dividend that is sustainable across the cycle. Their intention has always been to increase the dividend as profits increase and be able to maintain it when profits decline. However, in a year of slightly lower profit but strong cash generation, a strong balance sheet and a positive outlook, the Board is recommending an increased final dividend of 35.0p per share (2020: 33.5p) making 42.15p for the year (2020: 40.65p). If approved at the forthcoming Annual General Meeting, the final dividend will be paid on 21 September 2021 to shareholders on the register on 20 August 2021.

Eckoh PLC announce a proposed final dividend is maintained at 0.61p per share
Post year end the Eckoh Directors are recommending that a final dividend for the year ended 31 March 2021 of 0.61 pence per ordinary share be paid to the Shareholders whose names appear on the register at the close of business on 24 September 2021, with payment on 22 October 2021. The ex-dividend date will be 23 September 2021. This recommendation will be put to the Shareholders at the Annual General Meeting. Based on the shares in issue at the year end, this payment would amount to £1.6m.

Iomart Group propose a final dividend of 4.50p
The Iomart dividend policy, which has been in place for several years now, is based on the profitability of the business in the period measured with reference to the adjusted diluted earnings per share they deliver in a financial year. For the last few years they have been paying dividends at the maximum level allowed by their stated policy. They have reviewed their dividend policy in the year and with the continued strong level of cash generation in the business are increasing the maximum pay-out policy from 40% to 50% of adjusted diluted earnings per share. This amendment allows the Directors to propose a final dividend of 4.50p which is above the prior year of 3.93p and they believe is fully appropriate given the recurring revenue nature of the Group, the level of operating cash which they deliver, the low level of indebtedness within the Group and the fact they have not utilised any of the government furlough schemes. As a result, along with the interim dividend of 2.60p (2020: 2.60p), which was paid in January 2021, the total dividend for the year is 7.10p (2020: 6.53p), an increase of 8.7%.

Norcros announce the reinstatement of their dividend at 8.2p for the year
The Norcros Group responded swiftly to the impact of the COVID-19 pandemic and the need to preserve cash by not paying a final dividend in relation to the year ended 31 March 2020 nor an interim dividend in relation to the year ended 31 March 2021. Based on the improved trading performance in the second half of the year, the further strengthening of the balance sheet and the current outlook the Board believes that now is the right time to reinstate the dividend and has therefore taken the decision to recommend a final (and total) dividend of 8.2p per share for the year (2020 total: 3.1p). This is equivalent to a dividend cover of 3.8 times, consistent with the year ended 31 March 2019. The Group will now continue with its previous progressive albeit prudent dividend policy which takes into account the Group's growth strategy, the interests of other key stakeholders, the Group's cash generative characteristics and its earnings growth.

CMC markets announce a final dividend of 21.43 pence per share
CMC Markets announce a final dividend of 21.43 pence per share (total dividend of 30.63 pence per share), in line with the dividend policy. The Board remains committed to paying a total dividend of 50% of profit after tax, balancing investing in long-term success and providing shareholders with superior returns.

The Auto Trader Group proposes a final dividend of 5.0 pence per share
The Auto Trader Group Board has decided to reinstate its capital allocation policy and proposes a final dividend of 5.0 pence per share (2020: no final dividend declared), which is also the total dividend for the full year (2020: 2.4 pence per share). Their capital policy remains broadly unchanged: to continue to invest in the business enabling it to grow while paying around one third of net income to shareholders in the form of dividends. They aim to return the remaining surplus cash to shareholders through share buy backs, which will recommence shortly.

Halma PLC announce a total dividend per share for the year up 7%
The Halma Board is recommending an 8% increase in the final dividend to 10.78p per share. Together with the 6.87p per share interim dividend, this would result in a total dividend for the year of 17.65p, up 7%, making this the 42nd consecutive year of dividend per share growth of 5% or more.

Urban Logistics announce an interim dividend of 3.25pence per share
Urban Logistics REIT announced an interim dividend of 3.25 pence per share which was paid in October 2020 to shareholders prior to the issuance of new shares in the same month.

Dewhurst PLC have declared an increased interim dividend of 4.25p per ordinary share
The Dewhurst Directors have declared an increased interim dividend of 4.25p per ordinary share (2020: 3.75p) which amounts to £343,000 (2020: £315,000). The interim dividend is payable on 17 August 2021 and will be posted on 12 August 2021 to shareholders appearing in the Register on 9 July 2021 (ex-dividend date being 8 July 2021).

VP PLC propose a final dividend of 25.0 pence per share
The VP Board has proposed a final dividend of 25.0 pence per share to be paid on 5 August 2021 to shareholders on the register at 25 June 2021. As no interim dividend was paid, this makes a total dividend for the year of 25.0 pence per share (2020: 30.45 pence per share). A special dividend of 22.0 pence per share was paid to shareholders on 17 January 2021 in lieu of the final dividend for the financial year ended 31 March 2020, which was delayed due to Covid-19 uncertainties.

Intermediate Capital Group announce a total dividend up 10% at 56.0p per share
The proposed final ordinary dividend for the year ended 31 March 2021 is 39.0 pence per share (2020: 35.8 pence per share), which will amount to £111.5m (2020: £101.6m). The total dividend in respect of the year ended 31 March 2021 was 56.0 pence per share (2020: 50.8 pence per share)

Palace Capital announce a 20% increase to a proposed final quarter dividend, rising to 3.0p and bringing total dividends paid for the year to 10.5p
Despite the uncertain economic environment, the Palace Capital Board made the decision to reinstate continuous quarterly dividends in the year as a result of the strong rent collection and the strength of the Group's balance sheet. Subsequently, the Board is recommending a final quarterly dividend of 3.0p per share to be paid 5 August 2021 to shareholders registered at the close of business on 2 July 2021. The full year dividend, when taking account of the quarterly dividends paid in October 2020, December 2020 and April 2021, will total 10.5p, representing a 4.4% yield on the share price at 31 March 2021 and ensuring the dividend is covered by earnings by 1.6x. They expect the final dividend to be the minimum level of dividend to be paid to shareholders each quarter for the year ending 31 March 2022.

Oxford Instruments announce dividend for the year of 17.0p per share
The Oxford Instruments Group's policy is to increase the dividend each year in line with the increase in underlying earnings, considering movements in currency. Following the high uncertainty created by the impact of covid, the Group did not pay a dividend for the 2019/20 financial year. After a resilient year of trading, the Board has proposed a final dividend of 12.9p per share. This results in a total dividend of 17.0p per share, equivalent to a two-year compound annual growth rate of 8.7% from 2018/19. An interim dividend of 4.1p per share was paid on 14 April 2021. The final dividend will be paid, subject to Shareholder approval, on 15 October 2021 to Shareholders on the register as at 10 September 2021.

RWS Holdings announce an interim dividend of 2.00p per share
The RWS Holdings Directors have approved an interim dividend of 2.00p per share, reflecting a 14% increase over the 1.75p declared in H1 2020. This reflects both the Group's strong financial position, its cash generative business model and the Board's confidence in its future prospects.

B.P Marsh & Partners announce a proposed dividend of 2.44p per share payable in July 2021
The B.P Marsh & Partners Group paid a dividend of £0.8m (or 2.22p per share) during the year (2020: £1.7m or 4.76p per share), reflecting a distribution of 100% of the underlying profit from the year to 31 January 2020. The reduced dividend payment reflected the Group's requirement to strike a balance between the need to conserve cash to ensure that it could continue to prosper and develop during the Covid- 19 pandemic and beyond, whilst also rewarding Shareholders for their continuing loyalty. Total shareholder return for the year was therefore 10.1% (2020: 9.8%) including the dividend payment and the Net Asset Value increase.

Paragon Banking announce an interim dividend declared at 7.2p, being 50% of 2020's final dividend
The Paragon Banking Group's dividend and distribution decisions in the 2020 financial year were dominated by the potential impact of the Covid pandemic. The strategic decision to build capital in response to the inherent risks posed by the virus meant that no interim dividend was declared for the year. At the 2020 year end a dividend was declared in line with the Group's stated policy of distributing around 40% of earnings to shareholders.

Sirius Real Estate announces 10.0% increase in second half dividend per share to 1.98c
The Sirius Real Estate Board has authorised a dividend in respect of the second half of the financial year ended 31 March 2021 of 1.98c per share representing a pay-out of 65% of FFO, an increase of 10.0% on the equivalent dividend last year which was also based on 65% of FFO. The total dividend for the year is 3.80c, an increase of 6.4% on the 3.57c total dividend for the year ended 31 March 2020.

DiscoverIE group announce a full year dividend increased by 6% over FY 2018/19
Last year, with the onset of COVID-19, the DiscoverIE Board took the decision not to declare a final dividend for FY 2019/20. With an improving outlook by the third quarter, and strong cash flow, the Board reinstated dividends in November 2020 with a 6% increase in this year's interim dividend to 3.15p per share (H1 2019/20: 2.97p per share).

Chemring Group announce an interim dividend increased by 23% to 1.6p
At the Annual General Meeting on 4 March 2021 the Chemring Group PLC shareholders approved a final dividend in respect of the year ended 31 October 2020 of 2.6p per ordinary share. This was paid on 23 April 2021 to shareholders on the register on 6 April 2021.

Workspace PLC announces a total dividend of 17.75p per share
At the half year Workspace PLC decided to defer a decision on the payment of the dividend as the UK was entering another month of lockdown at that time and there was heightened uncertainty. However, in line with their policy, the Board is now recommending a final dividend of 17.75p per share (2020: 24.49p) to be paid on 6 August 2021 to shareholders on the register at 2 July 2021. The dividend will be paid as a Property Income Distribution and fully meets the REIT distribution requirement for the year to 31 March 2021, with a dividend cover at 1.2 times adjusted underlying earnings per share.

B&M European Value Retail announce recommended final dividend increased by 140.7% to 13.0p per share
B&M European Value Retail recommended final dividend increased by 140.7% to 13.0p per share (FY20: 5.4p), bringing the full year ordinary dividend to 17.3p per share (FY20: 8.1p), at the top end of their ordinary dividend pay-out policy. This is in addition to £450m of special dividends paid in FY21

Braemar Shipping Services announce an intention to declare a dividend of 5p per share for the year
With regard to the year to 28 February 2021, the Braemar Shipping Services Directors are recommending for approval at the AGM on 20 July 2021 a dividend of 5p per share. This dividend will be paid on 30 July 2021 to all ordinary shareholders on the register at the close of business on 25 June 2021, with a corresponding ex-dividend date of 24 June 2021. The last date for Dividend Reinvestment Plan ("DRIP") elections will be 9 July 2021. For subsequent years, the Board intends, subject to financial performance, to declare an interim and a final dividend each year, on a progressive basis.

Bloomsbury Publishing announce a final dividend of 7.58 pence per share and a special dividend of 9.78 pence per share
The Bloomsbury Group has a progressive dividend policy aiming to keep dividend earnings cover in excess of two times, supported by strong cash cover. The Board is recommending a final dividend of 7.58 pence per share, totalling £6.2 million. Together with the interim dividend, this makes a total dividend for the year ended 28 February 2021 of 8.86 pence per share, an 8% increase on the 8.17 pence value of the dividend for the year ended 29 February 2020.

Gooch & Housego PLC announce interim dividend reinstated at 4.5p per share reflecting trading recovery and positive outlook
Given the trading recovery and positive outlook for the Gooch & Housego Group, the Board has declared an interim dividend of 4.5 pence per share. This dividend will be payable to shareholders on the register as at 25 June 2021 on 30 July 2021.

Premier Miton announce a proposed interim dividend of 3.7 pence per share
At 31 March 2021 the Premier Miton Group held £34.4 million in cash (2020 HY: £29.3 million). The Group has no debt.

Daily Mail and General Trust announce an interim dividend increased +1% to 7.6p
The Daily Mail and General Trust Board has declared an interim dividend of 7.6 pence per Ordinary and 'A' Ordinary Non-Voting share (H1 2020 7.5 pence) which will be paid on 2 July 2021 to shareholders on the register at the close of business on 11 June 2021.
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