Recent articles for private investors with a focus on dividend announcements
Schroders Group announces a maintained dividend
The Schroders group continues to maintain a strong capital position. Accordingly, and reflecting resilient performance, the Board has declared an unchanged interim dividend of 35.0 pence per share (H1 2019: 35.0 pence per share). The dividend will be paid on 24 September 2020 to shareholders on the register at 21 August 2020.
Ultra Electronics reinstates dividend
As announced on 14 April 2020, as a precautionary measure due to the COVID-19 pandemic, the Board decided to postpone payment of its 2019 final dividend of 39.2 pence per share. Based on the Board's current knowledge, the robust liquidity position, the strong H1 performance and expected full year performance relative to the COVID-19 scenario modelling undertaken, an additional interim dividend equivalent to the postponed full year 2019 dividend of 39.2 pence per share will now be paid on 18 September 2020 to shareholders on the register at 28 August 2020.
AstraZeneca announce a maintained dividend
The AstraZeneca Board has recommended an unchanged first interim dividend of $0.90 (69.6 pence, 7.87 SEK) per Ordinary Share.
BAE declare an interim dividend of 13.8p per share and reinstates the 2019 Final dividend
The BAE directors have declared an interim dividend of 13.8p per share in respect of the year ended 31 December 2019, payable in September, being the value of the dividend proposed but subsequently deferred earlier in the year.
Man Group announce a proposed interim dividend of 4.9 cents per share
Funds under management (FUM) down 8% to $108.3 billion (31 December 2019: $117.7 billion)
Brunner plc announces dividends for the half year of 9.34p, up 0.2%
In June the Brunner board declared a first quarterly dividend of 4.67p per ordinary share which was paid on 23 July 2020, a marginal increase on the payment made in the first quarter in the previous year. The board has now declared a second quarterly dividend of 4.67p per ordinary share payable on 16 September 2020 to holders on the register of members at the close of business on 7 August 2020. A Dividend Reinvestment Plan (DRIP) is available for this dividend and the relevant election date is 21 August 2020.
Rathbone Brothers announce a maintained interim dividend of 25p
The Rathbone Brothers Board are maintaining their interim dividend at 25p (30 June 2020: 25p). This reflects confidence in their medium-term prospects and the strength of their balance sheet. The record date will be 4 September 2020 and the dividend will be paid on 6 October 2020.
Devro plc has resolved to declare the postponed 2019 final dividend of 6.3p, in the form of an interim dividend paid in October 2020, in addition to the 2020 interim dividend of 2.7p, flat on the prior year.
Further to the announcement on 23 April 2020, and given the Group's financial position and robust trading performance, the Devro Board has resolved to declare the postponed 2019 final dividend of 6.3p per share which will be paid by way of an interim dividend on 2 October 2020 to shareholders on the register as at 21 August 2020. Taken together with the 2019 interim dividend, this results in a total dividend payment for FY 2019 of 9.0p per share (as compared to 9.0p per share for the previous year). In addition, the Board has resolved to declare a 2020 interim dividend of 2.7p, flat on the prior year. This further interim dividend will be paid on 15 January to shareholders on the register at 4 December 2020.
Lancashire Holdings announces interim dividend of $0.05 per common share
Lancashire announces that on 28 July 2020 its Board of Directors declared an interim dividend for 2020 of $0.05 (approximately £0.04) per common share, which will result in an aggregate payment of approximately $12.1 million. The dividend will be paid in Pound Sterling on 11 September 2020 (the “Dividend Payment Date”) to shareholders of record on 14 August 2020 (the “Record Date”) using the £ / $ spot market exchange rate at 12 noon London time on the Record Date.
Rio Tinto announces full-year ordinary dividend of $6.2 billion
The Board is committed to maintaining an appropriate balance between cash returns to shareholders and investment in the business, with the intention of maximising shareholder value.
Jupiter announce an interim dividend per share unchanged at 7.9p
Jupiter has a progressive ordinary dividend policy, with the intention for the ordinary dividend pay-out ratio to be 50% of underlying EPS across the cycle. In the event that the current year profits are lower than in previous years, the Group has maintained the ordinary dividend at the previous high water mark pence per share level, subject to the Group's financial strength and future outlook. The Board normally makes additional returns of capital to shareholders after retaining sufficient earnings for capital and growth and investments. These additional returns have previously been made through a special dividend.
Smith & Nephew announce an interim dividend of 14.4¢ in line with prior year
Smith & Nephew announce an interim dividend is 14.4¢ per share (28.8¢ per ADS), in line with 2019. This equates to 11.2p per share at prevailing exchange rates as of 27 July 2020. The interim dividend will be paid on 28 October 2020 to shareholders on the register at the close of business on 2 October 2020.
FDM have declared an interim dividend of 18.5 pence per ordinary share
A key tenet of FDM's relationship with shareholders is the payment of sustainable dividends at an attractive level. After careful thought, the Board decided against proposing a 2019 final dividend to the Annual General Meeting (originally intended to be set at 18.5 pence per share). At the time, the COVID-19 situation was new, uncertain and difficult to assess. Since then the business has performed at an encouraging level, cash collection has been consistent and cash conversion robust.
Smurfit Kappa announces a dividend payment of 80.9 cent per share
The Smurfit Kappa Board has decided to pay an interim dividend of 80.9 cent per share (approximately €193 million). It is proposed to pay this dividend on 11 September 2020 to all ordinary shareholders on the share register at the close of business on 14 August 2020.
Drax announce an interim dividend of 6.8 pence per share
On 28 July 2020, the Drax Board resolved to pay an interim dividend of 6.8 pence per share (£27.1 million), representing 40% of the expected full year dividend in line with our dividend policy. The interim dividend will be paid on 2 October 2020 and the record date for entitlement to the dividend will be on 21 August 2020.
Unilever announce quarterly shareholder dividend maintained at €0.4104 per share
The Unilever Boards have determined to pay a quarterly interim dividend for Q2 2020 at the following rates which are equivalent in value between the two companies at the rate of exchange applied under the terms of the Equalisation Agreement:
IG announce a full year dividend of 43.2 pence per share maintained for FY20 consistent with previous guidance
The IG Board recommends a final dividend of 30.24 pence per share, taking the full year dividend for FY20 to 43.2 pence per share (FY19: 43.2 pence), in line with previous guidance. The final dividend, if approved by shareholders, will be paid on 22 October 2020 to those members on the register at the close of business on 25 September 2020.
Relx announces a maintained interim dividend of 13.6p
Relx have announced an interim dividend of 13.6p (13.6p), unchanged from the prior year.
Bodycote announces 2019 deferred dividend of 13.3p to be paid in September, decision on 2020 interim dividend to be made in due course
In April, amidst the uncertainty of the depth and duration of the impact of COVID-19 and the associated restrictions, the Bodycote Board announced that it would be keeping the 2019 final dividend payment under review. In light of management's strong reaction to the downturn, which has allowed the business to remain profitable and cash generative throughout this period, the Board has decided that a deferred dividend for 2019 of 13.3p will now be paid on 25 September 2020 to all shareholders on the register at close of business on 28 August 2020.
Croda announce a 2019 final dividend paid in full and 2020 interim dividend maintained at 39.5 pence
Croda has operated for many years with a prudent leverage and dividend distribution policy. This enabled the Board, after careful consideration of all stakeholders and treating all groups consistently and fairly, to pay the final 2019 ordinary dividend of 50.5 pence per share (£65.0m). In addition, given the resilience of the business model during the COVID-19 pandemic to date, Croda will pay an unchanged interimdividend of 39.5p (2019: 39.5p) in October 2020.
Halma announces total dividend for the year up 5%, the 41st consecutive year of dividend per share increases of 5% or more.
The Halma Board is recommending a 3.8% increase in the final dividend to 9.96p per share (2019: 9.60p per share). Together with the 6.54p per share interim dividend, this would result in a total dividend for the year of 16.50p (2019: 15.71p), up 5%, making this the 41st consecutive year of dividend per share growth of 5% or more.
Hipgnosis Songs Fund announces dividend of 1.25 pence per share
Hipgnosis Songs Fund Limited is to announce the Company's interim dividend (the 'Dividend') for the period from 1 April 2020 to 30 June 2020 in respect of the Ordinary Shares.
European Assets Trust announce a dividend of 1.755 pence per share
European Assets Trust PLC ("the Company") announces that a dividend of 1.755 pence per share will be paid on 31 July 2020 to shareholders on the register on 10 July 2020, having an ex-dividend date of 9 July 2020.
Porvair announce an interim dividend maintained at 1.7 pence per share
The final dividend approved for the year ended 30 November 2019 was paid to shareholders on 5 June 2020.
XPS Pensions Board proposes a final dividend of 4.3p bringing the total dividend for the year to 6.6p
A final dividend of 4.3p is being proposed by the XPS Pensions Board (FY 2019: 4.3p). The final dividend, if approved, which amounts to £8.8m (FY 2019: £8.8m), will be paid on 24 September 2020 to those shareholders on the register on 28 August 2020.
Primary Health Properties announces a third quarterly dividend of 1.475p per share
Primary Health Properties announces that the third quarterly interim dividend in 2020 of 1.475 pence per ordinary share of 12.5 pence each will be paid on 21 August 2020 to shareholders on the register on 3 July 2020. The dividend will comprise a Property Income Distribution (PID) of 1.275 pence per share and an ordinary dividend of 0.2 pence per share. The Company will be offering a scrip alternative with this dividend.
Imomart Group have proposed a final dividend payment of 3.93p per share
The Imomart dividend policy, which has been in place for several years now, is based on the profitability of the business in the period. They have committed to a pay-out policy of up to 40% of the adjusted diluted earnings per share delivered in a financial year.
Cranswick announces a full year dividend increased by 8.1% to 60.4p, reflecting 30 years of unbroken dividend growth
The Board is proposing a final dividend of 43.7 pence per share, an increase of 9.3 per cent on the 40.0 pence paid previously. Together with the interim dividend of 16.7 pence per share this is a total dividend for the year of 60.4 pence per share and compares to 55.9 pence per share previously. This is the 30th consecutive year of dividend growth.
Polar Capital announces a total dividend for the year maintained at 33.0p per share
The Polar Capital previously stated dividend policy remains that, under normal circumstances, they would expect to pay an annual dividend within a range of 55% to 85% of adjusted total earnings dependent on the quantum of performance fees earned in that year.
National Grid have recommended a final dividend to bring full year dividend to 48.57p, up 2.6%, in line with policy
The National Grid Board has recommended an increase in the final dividend to 32.0 pence per ordinary share ($2.0126 per American Depositary Share) which will be paid to shareholders on the register as at 3 July 2020. If approved, this will bring the full year dividend to 48.57 pence per ordinary share, an increase of 2.6% over the 47.34 pence per ordinary share in respect of the financial year ending 31 March 2019. This rise is in line with the increase in UK RPI for the twelve months to 31 March 2020 as set out in the policy announcement of 28 March 2013.
Safestore plc announce a 7.3% increase in the interim dividend to 5.9p
The Safestore Board has announced an interim dividend of 5.9 pence per share, representing a 7.3% increase from the interim dividend paid last year of 5.5 pence. This will amount to a dividend payment of £12.4m (H1 2019: £11.6m). The dividend will be paid on 14 August 2020 to shareholders who are on the Company's register at the close of business on 10 July 2020. The ex-dividend date will be 9 July 2020. 100% (H1 2019: 100%) of the dividend will be paid as a property income dividend ("PID").
Telecom Plus announces full year dividend up 9.6% to 57p per share
Telecom Plus are proposing a final dividend of 30p (2019: 27p), bringing the total for the year to 57p (2019: 52p); this represents an increase of 9.6% compared with last year, and will be paid on 31 July 2020 to shareholders on the register at the close of business on 10 July 2020 subject to approval by shareholders at the Company's AGM which will be held on 23 July 2020.
Ashtead Group Plc announce a proposed final dividend of 33.5p, making 40.65p for the full year
The Ashtead Group Board is recommending a final dividend of 33.5p per share (2019: 33.5p) making 40.65p for the year (2019: 40.0p). If approved at the forthcoming Annual General Meeting, the final dividend will be paid on 11 September 2020 to shareholders on the register on 14 August 2020.
Talk Talk announces a maintained final dividend of 1.50p total 2020 dividend of 2.50p
Talk Talk announces a maintained total of dividends of £28m paid in the year (2019: £28m) comprised the final dividend for 2019 of 1.50p and the interim dividend for 2020 of 1.00p.
B&M European Value Retail have recommended a final dividend increased to 5.4p per share
The Group has a dividend policy which targets a pay-out ratio of between 30-40% of net income on a normalised tax basis. The Group generally pays the interim and final dividends for each financial year approximately in proportions of one-third and two-thirds respectively of the total annual dividend.
Johnson Matthey Group proposes a final ordinary dividend for the year of 31.125 pence
The Johnson Matthey group has a strong balance sheet, good cash generation and liquidity headroom. However, given the heightened degree of current uncertainty and to balance the needs of all stakeholders, the board will propose a final ordinary dividend for the year of 31.125 pence at the Annual General Meeting on 23rd July 2020, representing half the level of the 2018/19 final dividend. This is not intended to be a rebasing; the board remains committed to a progressive dividend and anticipates restoring future dividend payments to levels seen prior to the COVID-19 pandemic when circumstances permit.
CMC announces a final dividend payment of 12.18 pence per share, which results in a total dividend payment of 50% of profit after tax
CMC have announced a final dividend for the year of 12.18 pence per share resulting in a total dividend of 15.03 pence per share, in line with the Group's dividend policy of distributing 50% of profit after tax. Given the strength of the balance sheet and confidence in strategic delivery, the Board remains committed to paying a total dividend going forward of 50% of profit after tax.
LondonMetric Property announce a dividend progression of 1% to 8.3p, 112% covered, including Q4 dividend declared of 2.3p
LondonMetric has continued to declare quarterly dividends and has offered shareholders a scrip alternative to cash payments.
AVEVA announces a maintained final dividend of 29.0 pence per share
AVEVA's Board intends to maintain a final dividend of 29.0 pence per share at a cost of £46.8 million (FY19: 29.0 pence per share at a cost of £46.8 million). Subject to approval at AVEVA's AGM on 21 July 2020, the final dividend will be payable on 11 August 2020 to shareholders on the register as at 10 July 2020. The Company has not furloughed any employees or made any reductions to headcount related to Covid-19. They also do not expect to utilise any government-backed financing
Big Yellow Group announces a 1.8% increase in total dividend to 33.8 pence per share
The Big Yellow Group's dividend policy is to distribute 80% of full year adjusted earnings per share. Given the relative resilience of our trading since the introduction of the lockdown, they have not furloughed any employees, nor have they participated in any of the government's loan support schemes. It is also a requirement as a REIT to pay a Property Income Distribution ("PID"). The final total distribution of PID and ordinary dividend declared is 16.7 pence per share. This brings the total distribution declared for the year to 33.8 pence per share representing an increase of 1.8% from 33.2 pence per share last year.
B.P. Marsh & Partners announces a reduced dividend of 2.22p per share payable in July 2020
Due to the current Covid-19 pandemic, B.P Marsh & Partners the Group, having taken into consideration its available cash resources and liquidity, and the potential requirements from the investment portfolio, has agreed to declare a dividend of £0.8m (or 2.22p per share), payable on 31 July 2020 to those shareholders registered on 26th June 2020. This dividend represents a distribution of 100% of the underlying realised profits of the business for the year to 31 January 2020.
Oxford Instruments plc suspends dividend
Following the uncertainty created by covid-19, the Oxford Instruments Group has suspended payment of the interim dividend of 4.1p per share. As a result of continued uncertainty, the Board will defer a decision on payment of dividends but will keep this under review as the year progresses while we assess the impact of covid-19 on our markets and trading performance.
RWS announces interim dividend maintained at 1.75p per share
The Directors of RWS have approved an interim dividend of 1.75p per share, maintained at the same level as in 2019. This reflects both the Group's strong financial position, its cash generative business model and the Board's confidence in its future prospects.
2 London Stock Exchange listed company have made COVID-19 related dividend announcements today
There has been one cancelled and one reduced dividend today, these are:
1 London Stock Exchange listed company has made COVID-19 related dividend announcements today
There has been one cancelled dividend today, this is:
2 London Stock Exchange listed company have made COVID-19 related dividend announcements today
There has been one cancelled and one deferred dividend today, these are:
1 London Stock Exchange listed company has made COVID-19 related dividend announcements today
There has been one cancelled dividend today, this is:
2 London Stock Exchange listed companies have made COVID-19 related dividend announcements
There has been 2 cancelled dividends today, these include:
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