Recent articles for private investors with a focus on dividend announcements
Ultra Electronics announces a total dividend per share of 54.2p
Ultra Electronics have announces a 2019 proposed final dividend of 39.2p (2018: 37.0p) per share which is proposed to be paid on 18 May 2020 to shareholders on the register at 24 April 2020 subject to approval at the Annual General Meeting. This will result in a final full year dividend of 54.2p (2018: 51.6p), which will be covered 2.2 times by underlying earnings per share.
STV announce a further increase in returns to shareholders with final ordinary dividend of 14.7p per share, giving a full year dividend of 21.0p per share, up 5% year on year
A STV announce a final dividend of 14.7p per share (2018: 14.0p per share) has been proposed and is subject to approval by the Board of Directors. It is payable on 29 May 2020 to shareholders who are on the register at 14 April 2020. The ex-dividend date is 9 April 2020. This final dividend, amounting to £5.6m has not been recognised as a liability in these financial statements.
Menzies (John) plc announces a cut dividend in the wake of the impact of the COVID-19 virus
The Menzies (John) plc Board has declared it is focused on delivering profitable growth in the 2020 full year and given the previously stated impact of COVID-19 on the operations of the Group and the ongoing uncertainty of the extent of the impact on the aviation industry, the Board believes it prudent, and in the best interests of shareholders, to suspend the dividend temporarily.
Standard Life Aberdeen announce a final dividend of 14.3p, giving full year dividend of 21.6p
The Standard Aberdeen Board is recommending a final dividend for 2019 of 14.3p (2018: 14.3p) per share. Subject to shareholder approval, this will be paid on 19 May 2020 to shareholders on the register at close of business on 3 April 2020.
Network International have proposed an ordinary dividend of 3.1 cents per share, in line with their policy.
Network International announce a final dividend of USD 3.1 cents per share has been proposed for the year ended 31 December 2019, which is in line with their stated dividend policy to payout up to 15% of underlying net income. The dividend will be paid on 28 May 2020 to the shareholders on the register at the close of trading on 11 May 2020.
Clarkson Board announce recommending a final dividend of 53p up from 51p
Clarksons is increasing its dividend for the 17th consecutive year in line with its progressive dividend policy. The Board is recommending a final dividend of 53p (2018: 51p). Combined with the interim dividend of 25p (2018: 24p), the resulting full year dividend is up 4% to 78p (2018: 75p). The dividend will be payable on 29 May 2020 to shareholders on the register at 15 May 2020, subject to shareholder approval.
Diversified Gas & Oil announce final dividend of 3.50¢/share making the total dividend for the full year 13.92¢/share an increase of 24%
The Diversified Oil & Gas Board is recommending a final dividend of 3.50 cents per share making the total dividend attributable to the full-year 13.92 cents per share (2018: 11.225 cents per share). If approved, the final dividend will be paid on 26 June 2020 to those shareholders on the register on 5 June 2020.
Abcam announce a maintained interim dividend of 3.55 pence per share
The Board has approved an interim dividend of 3.55 pence per share (H1 2019: 3.55). The interim dividend will be paid on 17 April 2020 to shareholders whose names are on the register at close of business on 20 March 2020. The associated ex-dividend date will be 19 March 2020.
Pheonix announce a proposed final dividend of 23.4p per share final dividend with 2019 full year dividend of 46.8p per share
The Pheonix Board have recommended a final dividend of 23.4p per share which is expected to be paid on 19 May 2020, subject to shareholder approval at Phoenix Group Holdings plc's AGM on 15 May 2020.
Coats Group announce a full-year dividend increased by 11% to
Coats Group plc has a track record of delivering good levels of free cash through profitable sales growth, delivering self-help initiatives and investing in organic growth opportunities. The Board aims to use this free cash flow to fund its pension schemes, self-finance bolt-on acquisitions, and make returns to shareholders. As underlying earnings and cash flows increase, the Board intends to continue to pursue a progressive dividend policy.
Headlam announce a final ordinary dividend maintained at 17.45 pence per share giving a full year dividend of 25.00 pence per share, in-line with previous guidance
In-line with the Headlam Group Board's previously stated intention to maintain the 2019 full year dividend with that of 2018, the Board has proposed a final ordinary dividend of 17.45 pence per share (2018: 17.45 pence per share) bringing the total ordinary dividend declared and proposed in respect of 2019 to a maintained 25.0 pence per share (2018: 25.0 pence per share). If approved by shareholders at the forthcoming AGM in May 2020, the final ordinary dividend will be payable on 1 July 2020 to shareholders on the register as at 5 June 2020.
Hansard Global has declared a maintained interim dividend of 1.8p per share
The Hansard Global Board has resolved to maintain its interim dividend at 1.8p per share (H1 2019: 1.8p per share). This will be paid on 21 April 2020.
Spire Healthcare announce a maintained final dividend of 2.5 pence proposed and a total dividend maintained at 3.8 pence
The Spire Healthcare Board has approved a 2019 final dividend of 2.5 pence per share (2018: 2.5 pence) payable on 23 June 2020.
Schroders announce maintained total dividend of 114p per share
The Board will recommend to shareholders at the Annual General Meeting a final dividend of 79.0 pence (2018: 79.0 pence), which is unchanged from 2018. This will bring the total dividend for the year to 114.0 pence (2018: 114.0 pence). The final dividend will be paid on 7 May 2020 to shareholders on the register at 27 March 2020.
Tyman plc announce a final dividend increased by 2% in line with their progressive policy
Tyman announce a final dividend of 8.35 pence per share (2018: 8.25 pence), equivalent to £16.3 million based on the shares in issue as at 31 December 2019, which will be proposed at the Annual General Meeting (2018: £16.1 million). The total dividend declared for the 2019 financial year is therefore 12.20 pence per share (2018: 12.0 pence), an increase of 1.7%. This equates to a Dividend Cover of 2.25x, at the mid-point of the Group's target range of 2.00x to 2.50x.
Synthomer announce a dividend per share of 10.9p down from 12.2p
The Synthomer Board has recommended a final ordinary dividend of 6.9p (2018: 8.5p) per share. Taken with the 2019 interim ordinary dividend of 4.0p (2018: 3.7p) per share, the total ordinary dividend is 10.9p (2018: 12.2p). The total dividend for the year is consistent with the Group's dividend policy. The final dividend per share is subject to shareholder approval at the Annual General Meeting on 29 April 2020 and will be payable on 7 July 2020 to those shareholders registered at the close of business on 5 June 2020.
ITV announce a full year dividend of 8p
The ITV Board intends to pay another full year dividend of 8p for 2020
GVC Holdings announce second interim dividend of 17.6p per share, taking the full year dividend to 35.2p, an increase of 10% on 2018 in line with the Group's current dividend policy of double digit dividend growth
A second interim dividend of 17.6p per share has been declared, an increase of 10% on the prior year in line with the Group's current dividend policy of double digit dividend growth.
Melrose Industries announce a proposed final dividend of 3.4 pence per share is 11% up on last year, giving a full year dividend of 5.1 pence per share up 11%
In line with their progressive dividend policy, the Melrose Industries Board proposes to pay a final dividend of 3.4 pence per share (2018: 3.05 pence), making a total dividend for the year of 5.1 pence per share (2018: 4.6 pence), an increase of 11% from last year. The final dividend will be paid on 20 May 2020 to those shareholders on the register at 3 April 2020, subject to approval at the Annual General Meeting ("AGM") on 7 May 2020.
Spirent announce 20 per cent increase in full year dividend, up 25 per cent in sterling, broadly in line with the increase in earnings, final dividend of 3.45 cents to be paid in May 2020.
The Spirent Board is recommending the payment of a final dividend for 2019 of 3.45 cents (2.70 pence) per share which, together with the interim dividend of 1.94 cents (1.59 pence) per share paid in September 2019, brings the full year dividend to 5.39 cents (4.29 pence) per share, a dividend cover of 2.5 times adjusted earnings. This is a 20 per cent increase compared to the full year dividend for 2018. In sterling terms this represents an increase of 25 per cent.
Domino's Pizza Group announce a full year dividend +2.7% to 9.76p, reflecting the solid performance of the core UK & Ireland business
The total dividend for the year will be 9.76p, up 2.7% year-on-year. The proposed final dividend for the year of 5.56p per share will, subject to shareholder approval at the Annual General Meeting on 23 April 2020, be paid on 27 April 2020 to shareholders on the register at the close of business on 20 March 2020.
PageGroup announce a final dividend of 9.40 pence per share, an increase of 4.4%
The proposed final dividend, which amounts to £30.2m, will be paid on 19 June 2020 to shareholders on the register as at 22 May 2020, subject to shareholder approval at the Annual General Meeting on 4 June 2020.
Admiral announces full-year dividend of 140p per share, up 8%
The Admiral Board has proposed a final dividend of 77.0 pence per share (2018: 66.0p) representing a normal dividend (65% of post-tax profits) of 56.3 pence and a special dividend of 20.7 pence per share. The dividend will be paid on 1 June 2020. The ex-dividend date is 7 May 2020 and the record date is 11 May 2020.
CLS announce a proposed final dividend of 5.05 pence per share to be paid on 29 April 2020, resulting in a total 2019 dividend of 7.4 pence per share, an increase of 7.2 and total accounting return for the year of 8.6%
The CLS Board has announced to propose a final dividend of 5.05 pence per share resulting in a total dividend for the year of 7.4 pence per share. The 2019 dividend is an increase of 7.2% from last year which compares to the 2019 increase in EPRA NAV of 6.3%. The dividend is 1.6 times covered by EPRA earnings
Elementis announces an ordinary dividend up from 8.40c to 8.55c per share
This year, the Elementis Board is recommending a total ordinary dividend of 8.55 cents per share (2018: 8.40 cents per share), reflecting confidence in the Group's business model and ability to generate cash, its medium term prospects and the levels of investment required to deliver our Innovation, Growth and Efficiency objectives.
Mpac reinstates dividend of 1.5p
The Mpac Board is recommending recommencement of dividend payments with a final dividend of 1.5p per ordinary share. No interim dividend was paid in 2019. Subject to approval at the Annual General Meeting on 6 May 2020 the final dividend will be paid on 15 May 2020 to ordinary shareholders registered at the close of business on 17 April 2020, at a cost of £0.3m.
Polymetal International announce a final dividend of US$ 0.42 per share
A final dividend of US$ 0.42 per share (2018: US$ 0.31 per share) or approx. US$ 197 million in total representing 50% of the Group's underlying net earnings for 2H 2019 has been proposed by the Board in accordance with the dividend policy while staying remaining within the Net Debt/Adjusted EBITDA target of 1.5x and significantly below the hard ceiling ratio of less than 2.5x.
Devro plc announce a maintained final dividend of 6.3pence per share
The Devro Board is proposing a final dividend of 6.3p per share (2018: 6.3p) bringing the total for the year to 9.0p per share (2018: 9.0p). Subject to shareholder approval at the Annual General Meeting in April, the dividend will be paid on 7 May 2020, to those shareholders on the register at 27 March 2020.
Hill & Smith have proposed a full year dividend up 6% to 33.6p, 17th successive year of growth
The Hill & Smith Board is recommending an increase of 6% in the final dividend to 23.0p per share (2018: 21.8p per share) making a total dividend for the year of 33.6p per share (2018: 31.8p per share), an increase of 6% on the prior year. Underlying dividend cover remains a conservative 2.4 times (2018: 2.4 times). Reported dividend cover is 1.8 times (2018: 1.9 times).
Legal & General announce a full year dividend up 7% to 17.57p per share
Legal & General has a progressive dividend policy reflecting the Group's expected medium term underlying business growth, including net release from operations and operating earnings. There is no change to our dividend policy.
Proposed final dividend of 2.1 € cent per share down from 2018: 9.0 € cent, full year dividend 6.3 € cent per share down from 2018: 13.8 € cent per share
Given the growth opportunities the Hostelworld Board wishes to pursue, and the resources and investment required to deliver against a "Roadmap for Growth" strategy, the Board have determined that a change to capital allocation policy is required. The Hostelworld Group will require flexibility on the best use of shareholders' funds to optimise shareholder return and to deliver against the long-term interests of the business and shareholders.
Vivo Energy announce a recommended final dividend of 2.7 cents per share, bringing the full year dividend to 3.8 cents, 15% higher than pro-forma full year 2018
Vivo Energy has declared a final dividend in respect of the financial period ended 31 December 2019 of 2.64598 US cents per share, payable on 08 June 2020 to ordinary shareholders on the register as at 15 May 2020.
John Laing Group announce a final dividend of 7.66p per share including a special dividend 3.98p per share
The John Laing total final dividend for 2019 amounts to 7.66p per share, which, together with the interim dividend of 1.84p per share paid in October 2019, makes a total dividend for 2019 of 9.5p per share, maintaining the 2018 level. The final dividend will be put to shareholders for their approval at the Company's AGM which will be held on 7 May 2020. At the Company's last AGM on 9 May 2019, all resolutions were approved by shareholders.
Keller Group plc announce a recommended final dividend of 27.4p per share (including a non-recurring supplementary dividend of 2.3p per share). This brings the 2019 full year dividend to 40.0p per share, an increase of 11%
Keller has consistently and materially grown its dividend over the 25 years since first listing on the London Stock Exchange and the Board continues to recognise the importance of returns to shareholders. Keller has strong cash generation and a robust balance sheet, which together support their ability to continue to increase the dividend sustainably through market cycles. This strong cash flow has again been demonstrated by their deleveraging in the second half of 2019. Net debt/EBITDA came in within their target range of 1.0x-1.5x at 1.2x (on a bank covenant IAS 17 basis).
Signature Aviation announce a final dividend increased by 5% to 10.57¢ per share reflecting continued confidence in the Group's future growth prospects and inherently strong free cash generation
The Signature Aviation Board is declaring an increased per share final dividend of 10.57¢ (2018: 10.07¢) up 5%, reflecting the Board's progressive dividend policy and its continued confidence in the Group's future growth prospects.
Travis Perkins recommends a full-year dividend increase 3.2%
The Travis Perkins Board recommends a full-year dividend of 48.5p, an increase of 3.2% (2018: 47.0p), reflecting the Board's confidence in the future cash generation and prospects of the Group.
Rotork announce a full-year dividend of 6.2p up 5.1%
Rotork is a strong cash generator, recognises the importance of a growing dividend to its shareholders, and is committed to a progressive dividend policy, subject to satisfying cash requirements which can vary significantly from year to year. This year the Board recommends a final dividend of 3.9p per share, an increase of 5.4% from the 2018 final dividend. With the 2019 interim dividend of 2.3p, the total dividend for the year is 6.2p (2018: 5.9p), a 5.1% increase on 2018. This is equivalent to 2.1 times cover based on adjusted earnings per share (2018: 2.1 times). The final dividend will be payable on 22nd May 2020 to shareholders on the register on 14th April 2020.
Apax Global Alpha announce an annual dividend per share of 4.68p
The Directors of the Company Apax Global Alpha have declared that a dividend will be payable, for the financial period ending 31 December 2019 in accordance with the following timetable:
Intertek announce a full year dividend per share of 105.8p, an increase of 6.8%
In line with their dividend policy of a targeted payout ratio of circa 50%, the Intertek Board recommends a full year dividend of 105.8p per share, an increase of 6.8%. This recommendation reflects the Group's earnings progression, strong financial position and the Board's confidence in the Group's structural growth drivers into the future.
Ibstock announces final dividend of 6.5 pence per share making the 2019 full year ordinary dividend 9.7 pence per share, a 2% increase
A final dividend of 6.5 pence per ordinary share (2018: 6.5 pence) is being recommended for payment on 8 June 2020 to shareholders on the register at the close of business on 11 May 2020. This is in addition to their interim dividend paid in September 2019 of 3.2 pence per ordinary share (2018: 3.0 pence), which was paid alongside a supplementary dividend of 5.0 pence per ordinary share (2018: 6.5 pence).
Direct Line have announced a proposed final ordinary dividend of 14.4 pence, an increase of 2.9% on 2018, announcing a £150 million share buyback and awarding people £500 of free shares each
The Direct Line Board has recommended a final dividend of 14.4 pence per share (2018: 14.0 pence), an increase of 0.4 pence per share (2.9%).
The Huntsworth Board recommends a full-year dividend of 48.5p, an increase of 3.2% (2018: 47.0p), reflecting the Board's confidence in the future cash generation and prospects of the Group.
At the Capital Markets event in December 2018, the Huntsworth Group reiterated its commitment to a progressive dividend policy which is supported by the Board's confidence in the Group's expected future cash flow generation. The proposed dividend for the full year 2019 of 48.5 pence (2018: 47.0 pence) results in a 3.2% increase (2018: 2.2% increase).
Fresnillo announces dividends of US$142.2 million paid, down 52.3% mainly due to lower profits for the period, in accordance with their dividend policy.
Fresnillo announces their dividend policy remains unchanged. They aim to pay out 33-50% of profit after tax each year, while making certain adjustments to exclude non-cash effects in the income statement. Dividends are paid in the approximate ratio of one-third as an interim dividend and two-thirds as a final dividend. Before declaring a dividend, the Board carries out a detailed analysis of the profitability of the business, underlying earnings, capital requirements and cash flow. Their aim is to maintain enough flexibility to be able to react to movements in precious metals prices and seize attractive business opportunities.
4Imprint recommend a final dividend per share of 59.00c, an increase of 20%
At the half year the 4Imprint Board declared an interim dividend per share of 25.00c, representing an increase of 20% over 2018. In view of the Group's performance in the second half of the year and in line with their balance sheet funding and capital allocation guidelines, the Board is to recommend a final dividend per share of 59.00c, an increase of 20%, giving a total paid and proposed 2019 regular dividend of 84.00c, up 20% over prior year.
Aggreko announce final dividend up 3% to 18.3 pence
The Aggreko Directors are proposing a final dividend in respect of the financial year ended 31 December 2019 of 18.27 pence per share which will utilise an estimated £47 million of Shareholders' funds. It will be paid on 21 May 2020 to shareholders who are on the register of members on 24 April 2020.
Greggs announce total ordinary dividend per share up 25.8% to 44.9p
The Greggs dividend policy targets a progressive ordinary dividend, normally two times covered by earnings, with further surplus cash being returned to shareholders as appropriate. This was the case in 2019 when we were able to return £35.5 million of surplus cash by way of a special dividend.
Jupiter Fund Management announce total dividends per share of 17.1p
The Jupiter Fund Management Board has declared an unchanged full-year ordinary dividend for the year of 9.2p per share. This results in a total ordinary dividend for the year of 17.1p, the same as 2018, representing an ordinary dividend pay-out ratio of 59% of underlying earnings. Following the announcement of the proposed acquisition of Merian Global Investors, no special dividend has been declared for the year ended 2019 as Jupiter balances investment for long-term growth with distribution to Jupiter shareholders. The Jupiter Board's priority continues to be to maintain its capital strength, including a robust surplus over regulatory capital requirements and it remains committed to returning surplus regulatory capital in excess of needs to shareholders, aligned to the Group's capital allocation framework.
Senior plc announce a full year dividend per share proposed to increase by 1%
A final dividend of 5.23 pence per share is proposed for 2019 (2018 - 5.23 pence per share), payment of which, if approved, would total £21.7m (2018 final dividend - £21.7m) and would be paid on 29 May 2020 to shareholders on the register at close of business on 1 May 2020. This would deliver total dividends paid and proposed in respect of 2019 of 7.51 pence per share, an increase of 1.2% over 2018. At the level recommended, the full-year dividend would be covered 2.2 times (2018 - 2.2 times) by adjusted earnings per share. The cash outflow incurred during 2019 in respect of the final dividend for 2018 and the interim dividend for 2019 was £31.2m (2018 - £29.6m).
ConvaTec announces a maintained dividend of 5.7 cent per share
The Convatec Board is proposing to maintain their 2019 full year dividend at 5.7 cents per share, in line with the interim dividend for 2019. Whilst this is outside their stated policy of 35% to 45% of adjusted net profit, resulting from their investment in transformation, it is a reflection of the Board's confidence in the future performance of the Group and its underlying financial strength, distributable reserves position and cash generation of the Group.
Vitec announce a total dividend up 5.4% to 39.0p per share, dividend cover at 2.1 times
The Vitec Board has recommended a final dividend of 26.7 pence per share amounting to £12.2 million (2018: 25.5 pence per share, amounting to £11.5 million). The final dividend, subject to shareholder approval at the 2020 Annual General Meeting, will be paid on Friday, 29 May 2020 to shareholders on the register at the close of business on Friday, 24 April 2020. This will bring the total dividend for the year to 39.0 pence per share (up 5.4%). A dividend reinvestment alternative is available with details available from our registrars, Equiniti Limited.
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