Recent articles for private investors with a focus on dividend announcements
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.
Tate & Lyle announce a final dividend increased by 5.8% to 22.0p, making a full year dividend of 30.8p, up 4.1%
The Tate & Lyle Board recognises the importance of dividends to shareholders and operates a progressive dividend policy. Due to the uncertainty caused by the Covid-19 pandemic, the Board decided not to increase either the final dividend for the 2020 financial year or the interim dividend for the 2021 financial year. Given this year's robust performance, the Board is recommending a 1.2p or 5.8% increase in the final dividend to 22.0p (2020 - 20.8p) per share, bringing the full year dividend to 30.8p per share (2020 - 29.6p), an increase of 4.1%. This increase brings dividends back to a level consistent with the Board's progressive dividend policy, notwithstanding the pandemic.
Johnson Matthey announces a final dividend for the year of 50.0pence per share
The Johnson Matthey board will propose a final ordinary dividend for the year of 50.0 pence at the Annual General Meeting on 29th July 2021. Together with the interim dividend of 20.0 pence per share, this gives a total ordinary dividend of 70.0 pence representing a 26% increase on the prior year. The board anticipates restoring future dividend payments to levels seen prior to the COVID-19 pandemic when circumstances permit. Subject to approval by shareholders, the final dividend will be paid on 3rd August 2021, with an ex-dividend date of 10th June 2021.
LondonMetric announces dividend progression of 4.2% to 8.65p, 110% covered, including Q4 dividend declared today of 2.35p
LondonMetric has continued to declare quarterly dividends and has offered shareholders a scrip alternative to cash payments.
Pets At Home announce final dividend per share of 5.5p, an increase of 10%
The Pets At Home Board has recommended a final dividend of 5.5 pence per share, an increase of 10% on the prior year. This takes the total dividend for the year to 8.0 pence per share (FY20: 7.5p per share), reflecting a strong cash performance and balance sheet. The final dividend will be payable on 13 July 2021 to shareholders on the register at the close of trading on 18 June 2021.
United Utilities Group announce a total dividend of 43.24p
The United Utilities Group Board has proposed a final dividend of 28.83 pence per ordinary share in respect of the year ended 31 March 2021. Taken together with the interim dividend of 14.41 pence per ordinary share, paid in February, this results in a total dividend per ordinary share for 2020/21 of 43.24 pence. This is an increase of 1.5 per cent compared with the dividend relating to last year, in line with the group's dividend policy of targeting a growth rate of CPIH inflation each year through to 2025. The inflationary increase of 1.5 per cent is based on the CPIH element included within the allowed regulated revenue increase for the 2020/21 financial year (i.e. the movement in CPIH between November 2018 and November 2019).
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.
AJ Bell announce an interim dividend of 2.46 pence per share
AJ Bell announce a strong balance sheet and robust liquidity position support both ongoing investment in the business and continuing returns to shareholders. The Board therefore recommends an interim dividend of 2.46 pence per share.
SSE PLC recommend a final dividend of 56.6p per share
SSE have announced an intention to recommend a final dividend of 56.6p per share for payment on 23 September 2021, representing an average annual RPI rate of 1.2%, making a full-year dividend of 81.0p per share.
Worldwide Healthcare Trust proposes a final dividend of 15.5 pence per share
The Worldwide Healthcare Trust Board has proposed a final dividend of 15.5 pence per share in respect of the year ended 31 March 2021, such dividend will be paid, subject to shareholder approval, on 13 July 2021 to shareholders on the register on 4 June 2021. The associated ex-dividend date is 3 June 2021. The dividend is to be paid from the Company's revenue account.
British Land PLC announce dividend of 15.04p per share
In October, British Lands announced the intention to resume paying dividends semi-annually, calculated at 80% of Underlying EPS based on the most recently completed six-month period. Applying this policy, the Board are proposing a final dividend for the year ended 31 March 2021 of 6.64p per share. Payment will be made on Friday 6 August 2021 to shareholders on the register at close of business on Friday 25 June 2021. The dividend will be a Property Income Distribution and no SCRIP alternative will be offered.
Avon Rubber announce an interim dividend per share of 14.3c, up 30.0%
The Avon Rubber Board has declared an interim dividend of 14.3c per ordinary share, an increase of 30% on the 2020 interim dividend reflecting their continued commitment to a progressive dividend policy. This will be paid on 3 September 2021 to shareholders on the register on 6 August 2021. Following the change in reporting currency, dividends for the 2021 financial year and beyond will be set in U.S. dollars and converted into pounds sterling for payment at the prevailing exchange rate immediately prior to payment.
Speedy Hire announce dividend payments resumed with final dividend of 1.40p per share proposed
As a result of the COVID-19 pandemic the Speedy Hire Group utilised Government support schemes and implemented cost reduction measures across the business that affected colleagues and other stakeholders. As a consequence the Board resolved not to pay a final dividend for FY2020 nor an interim dividend for FY2021. Following the strong performance in the second half of the year and the robust balance sheet, the Board is recommending a final dividend of 1.40 pence per share for the year ended 31 March 2021. If approved at the forthcoming Annual General Meeting the dividend will be paid on 24 September 2021 to shareholders on the register at close of business on 13 August 2021.
Electrocomponents announce a 3.2% growth in full-year dividend
As highlighted in the Annual Report and Accounts for the year ended 31 March 2020, the Electrocomponents Board deferred the decision on the final dividend for that year until the impact of COVID-19 on activity levels and cash generation in the Group's key markets had become clearer. They have stated that the Board recognised the importance of its progressive dividend policy to its shareholders and would therefore review making an additional interim dividend payment related to the year ended 31 March 2020 at the Group's half-year results in November 2020.
Shaftesbury declare an interim dividend 2.4p per share
As a REIT, Shaftesbury are required to distribute a minimum of 90% of rental profits, calculated by reference to tax rather than accounting rules, as a PID. The Board has declared an interim dividend of 2.4p per share, to fulfil the Group's PID requirements for the year end 30 September 2020. The distribution, totalling £9.2 million, will be paid on 2 July 2021.
Warehouse REIT declared dividends of 6.2 pence per share in respect of the year, in line with target
The Warehouse REIT target for the year was to pay a total dividend of 6.2 pence per share, which they have achieved by declaring four quarterly dividends of 1.55 pence each. The fourth quarterly dividend was declared today and will be paid on 30 June 2021 to shareholders on the register on 4 June 2021. The total dividend for the year was 85.8% covered by adjusted earnings per share, reflecting the short-term dilution of their earnings due to the timing difference between raising new equity capital and deploying it in income-generating assets. For the year ending 31 March 2022, they continue to target a total dividend of 6.2 pence.
Helical PLC announce a final dividend proposed of 7.40p per share, an increase of 23.3%
The Helical Board is proposing a return to the level of dividends paid in respect of the year to 31 March 2019 and will be recommending to Shareholders a final dividend of 7.40p per share, an increase of 23.3% on last year (6.00p). If approved by Shareholders at the 2021 AGM, the total dividend for the year will be 10.10p, up 16.1% on 2020.
Big Yellow announces a 0.6% increase in total dividend to 34.0 pence per share
The Big Yellow Group's dividend policy is to distribute 80% of full year adjusted earnings per share. The final distribution of PID and ordinary dividend declared is 17.0 pence per share. This brings the total distribution declared for the year to 34.0 pence per share representing an increase of 0.6% from 33.8 pence per share last year.
AVEVA announce a proposed final dividend of 23.5 pence, representing a small increase versus the prior year after adjusting for the rights issue bonus factor
The AVEVA Directors propose to pay a final dividend of 23.5 pence per share. After adjustment to reflect the bonus element of the Rights Issue, this represents an increase of 1% versus the FY20 final dividend. The final dividend will be payable on 4 August 2021 to shareholders on the register on 9 July 2021.
Kainos Group PLC announce a proposed final dividend of 15.1p per share
As part of the Covid-19 related cost reduction measures, the Kainos Board elected not to declare a final dividend for the year ended 31 March 2020. In light of the Group's performance, during the period, and following the repayment of the monies originally claimed under the furlough schemes, a special dividend of 6.7 pence per share (£8.2 million) was approved by the Board and paid on 4 September 2020 to shareholders on the register at the close of business on 7 August 2020.
Investec have proposed a final dividend of 7.5p bringing the full year dividend to 13.0p
The Investec board has proposed a final dividend of 7.5p, resulting in a total dividend of 13.0p for FY2021 with a net payout ratio of 45%. The dividend has been arrived at after taking current regulatory guidance into consideration.
Euromoney Institutional Investors announces an interim dividend of 5.7p
The Euromoney Institutional Board has declared an interim dividend of 5.7p per share (H1 2020: no dividend) reflecting the strong balance sheet, cash generative nature of the business and confidence in the future. This follows the final dividend for the financial year 2020 of 11.4 pence per share. Their dividend policy is to pay out approximately 40% of full year adjusted diluted earnings per share, subject to the capital needs of the business.
Royal Mail announce a 10p one-off final dividend proposed in respect of 2020-21
The Royal Mail Board has reviewed the performance of the Group during the past year and concluded that it is appropriate to pay a one-off final dividend of 10 pence per share in respect of FY2020-21, payable on 6 September 2021 to shareholders on the register at 30 July 2021, subject to approval at the 2021 AGM on 21 July 2021.
National Grid announces a recommended final dividend to bring full year dividend to 49.16p, up 1.2%, in line with policy.
For 2020/21, the National Grid PLC Board has recommended an increase in the final dividend to 32.16 pence per ordinary share ($2.2812 per American Depositary Share) which will be paid to shareholders on the register as at 4 June 2021. If approved, this will bring the full year dividend to 49.16 pence per ordinary share, an increase of 1.2% over the 48.57 pence per ordinary share in respect of the financial year ending 31 March 2021. This rise is in line with the increase in UK RPI for the twelve months to 31 March 2021 as set out in the policy announcement of 28 March 2013.
IntegraFin Holdings announces an interim dividend of 3.0 pence per share
During the six month period to 31 March 2021, the IntegraFin Company paid a second interim dividend of £18.6 million to shareholders in respect of financial year 2020. This was in addition to the first interim dividend of £8.9 million, which was paid in June 2020. The financial year total of £27.5 million compares with a full year interim dividend of £25.8 million in respect of the full financial year 2019.
Games Workshop Group PLC announces a dividend of 50 pence per share
Games Workshop Group PLC announces that the Board has today declared a dividend of 50 pence per share, in line with the Company's policy of distributing truly surplus cash. This will mean that total dividends declared in the 2020/21 financial year will be 235 pence per share (2019/20: 145 pence per share). The dividend of 50 pence per share will be paid on 5 July 2021 for shareholders on the register at 28 May 2021, with an ex-dividend date of 27 May 2021. The last date for elections for the dividend re-investment plan is 14 June 2021.
Qinetiq announces a final dividend of per share 4.7p
The Qinetiq Board proposes a final FY21 dividend per share of 4.7p (2020: 4.4p) making the full year dividend 6.9p (2020: 6.6p). The full year dividend represents an increase of 5% in line with the Group's progressive dividend policy.
Experian announces a second interim dividend of 32.5 US cents per ordinary share, unchanged year-on-year, to bring the total for FY21 to 47.0 US cents per share.
Experian announces a second interim dividend in respect of the year ended 31 March 2021 of 32.5 US cents per ordinary share will be paid on 23 July 2021, to shareholders on the register at the close of business on 25 June 2021. This dividend is not included as a liability in these financial statements. This second interim dividend and the first interim dividend paid in February 2021 comprise the full-year dividend for the financial year of 47.0 US cents per ordinary share. Dividend amounts are quoted gross, and shareholders will be paid dividends in pounds sterling unless they have elected otherwise by 25 June 2021.
Severn Trent announce proposed final dividend of 60.95 pence, bringing full year dividend to 101.58 pence
In line with their policy for AMP7 to increase the dividend by at least CPIH each year, the Severn Trent Board has proposed a final ordinary dividend of 60.95 pence per share for 2020/21 (2019/20: 60.05 pence per share). This gives a total ordinary dividend for the year of 101.58 pence (2018/19: 100.08 pence).
Proposed final dividend of 1.0 pence per share; reinstated for first time in thirteen years
Premier Foods last paid a dividend to shareholders in 2008. Over recent years, the Company has made significant progress in delivering against its branded growth model strategy and so in turn, reducing Net debt to a level that would enable the payment of a dividend under the Group's financing arrangements. In February 2021, the Company completed a capital reduction which will provide greater flexibility in how the Company manages its capital resources going forward. Subject to shareholder approval, the directors have proposed a final dividend of 1.0 pence for the 53 weeks ended 3 April 2021 (2019/20: nil), payable on 30 July 2021 to shareholders on the register at the close of business on 2 July 2021. The shares will go ex-dividend on 1 July 2021. Under the dividend matching agreement with the Company's pension schemes, for up to £5 million paid to shareholders as a dividend, a payment of 50 pence for every £1 paid to shareholders is payable to the pension schemes. For any dividend paid between £5m and £10m, there is no matching payment made to the pensions schemes and for any dividend paid above £10m, the 50 pence: £1 matching arrangement, as described above, recommences.
Great Portland Estates announce a final dividend per share maintained at 7.9 pence
A final dividend of 7.9 pence per share was approved by the Great Portland Estates Board on 19 May 2021 and, subject to shareholder approval, will be paid on 12 July 2021 to shareholders on the register on 28 May 2021. The dividend is not recognised as a liability at 31 March 2021. The 2020 final dividend and the 2021 interim dividend are included within the Group statement of changes in equity.
Vodafone PLC announces total dividends of per share are 9.0 eurocents, including a final dividend per share of 4.5 eurocents
Vodafone PLC announces total dividends per share are 9.0 eurocents (FY20: 9.0 eurocents), including a final dividend per share of 4.5 eurocents. The ex-dividend date for the final dividend is 24 June 2021 for ordinary shareholders, the record date is 25 June 2021 and the dividend is payable on 6 August 2021.
Homeserve PLC proposes a final dividend of 19.8p to take the total dividend for the year to 26.0p
Given the Group's resilient performance, and the Board's confidence in HomeServe's future growth prospects, the Board is proposing to increase the final dividend to 19.8p per share (FY20: 17.8p) to be paid on 2 August 2021 to shareholders on the register on 2 July 2021.
Assura PLC announces eighth consecutive year of dividend growth - 4.2% increase in quarterly dividend to 0.74 pence per share
The Assura April dividend for 2021/22 of 0.71 pence per share was paid on 14 April 2021 and the July dividend for 2021/22 of 0.74 pence per share is currently planned to be paid on 14 July 2021 with a record date of 11 June 2021.
DDC announce a proposed 12.6% increase in the final dividend which will see the total dividend for the year increase by 10.0%
The DCC Board is proposing a 12.6% increase in the final dividend to 107.85 pence per share, which, when added to the interim dividend of 51.95 pence per share, gives a total dividend for the year of 159.80 pence per share. This represents a 10.0% increase over the total prior year dividend of 145.27 pence per share. The dividend is covered 2.4 times by adjusted earnings per share (2020: 2.5 times). It is proposed to pay the final dividend on 22 July 2021 to shareholders on the register at the close of business on 28 May 2021.
Britvic PLC announce they are reinstating their interim dividend with a dividend of 6.5p
The Britvic Board is declaring an interim dividend of 6.5p per share with a total value of £17.4m. The interim dividend for 2021 will be paid on 7 July 2021 to shareholders on record as at 28 May 2021. The ex-dividend date is 27 May 2021. There was no interim dividend paid in the prior year as the decision was deferred until the year-end in order to assess the impact of COVID-19 on the business.
Cranswick PLC announce full year dividend increased by 15.9% to 70.0p
The Cranswick PLC Board is proposing a final dividend of 51.3 pence per share, an increase of 17.4 per cent on the 43.7 pence paid previously. Together with the interim dividend of 18.7 pence per share this is a total dividend for the year of 70.0 pence per share. That compares to 60.4 pence per share previously, an increase of 15.9 per cent, and extends the period of consecutive years of dividend growth to 31 years.
Renew announces reinstatement of interim dividend
The Renew Holdings robust trading performance, cash position and positive outlook have given the Board the confidence to declare an interim dividend of 4.83p (HY2020: nil; HY2019: 3.83p) per share. This represents a 26 per cent increase on the last interim dividend paid. This will be paid on 15 July 2021 to shareholders on the register as at 18 June 2021, with an ex-dividend date of 17 June 2021.
Watkin Jones PLC announces a 2.6 pence per share interim dividend
The Watkin Jones Board has declared an interim dividend for the period of 2.6 pence per share, which will be paid on 30 June 2021 to shareholders on the register at close of business on 9 June 2021. The shares will go ex-dividend on 8 June 2021.
Imperial Brands announce an interim dividend per share up 1.0%, or £4m
The Imperial Brands Group has paid two dividends of 48.00 pence and 48.01 pence per share in December 2020 and March 2021 respectively, in line with their quarterly dividend payment policy to give shareholders a more regular cash return.
Land Securities PLC announce full year dividend of 27.0p per share
Land Securities PLC are proposing a final dividend for the year of 9.0p per share which, together with interim dividends already paid, makes for total dividends of 27.0p per share for the full year.
Diploma PLC announce an interim dividend of 12.5p, an increase ahead of earnings growth
The Diploma Directors have declared an interim dividend of 12.5p per share (2020: £nil) which will be paid on 16 June 2021 to shareholders on the register on 28 May 2021. The total value of the dividend will be £15.6m (2020: £nil).
Victrex PLC announces dividends returned to pre-COVID-19 levels with an interim dividend for shareholders of 13.42p/share
With a highly cash generative business model, the Victrex Group has proposed an interim dividend for shareholders, which reflects a gradual improvement in the Outlook, as well as an improvement in their cash position following cash conservation measures implemented during FY 2020. This takes their dividends back to pre-COVID-19 levels.
Numis Securities announces a dividend maintained at 5.5p in line with policy and £11.5m spent on share repurchases
The Numis Board has declared an interim dividend for the year of 5.5p per share in accordance with their stated policy. The dividend will be paid on 18 June 2021 to shareholders on the Register on 21 May 2021.
Tritax announces an interim dividend of 1.6 pence per share
The Board of Directors of Tritax Big Box REIT plc has today declared an interim dividend in respect of the period from 1 January 2021 to 31 March 2021 of 1.6 pence per ordinary share, payable on or around 1 June 2021 to shareholders on the register on 14 May 2021. The ex-dividend date will be 13 May 2021.
Ediston Property Investment declares an interim dividend 0.4167 pence per share
Ediston Property Investment declares its interim dividend (property income distribution) payment in respect of the period from 1 to 30 April 2021 of 0.4167 pence per share, as timetabled below:
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