Recent articles for private investors with a focus on dividend announcements
Big Yellow announce 17.1 pence per share interim dividend
The Big Yellow Group's dividend policy is to distribute 80% of full year adjusted earnings per share. Given the dilutive impact of the September 2018 placing, they have declared an interim dividend of 17.1 pence per share, which is an increase of 2.4% on the prior period. This has all been declared as Property Income Distribution ("PID"). The total dividend for the full year will be determined in line with their stated policy.
Diploma Plc announces an increased dividend of 15% to 20.5p
The combination of strong results and free cash flow supported by a robust balance sheet has led the Diploma Board to recommend an increase in the final dividend of 15% to 20.5p per share (2018: 17.8p). Subject to shareholder approval at the Annual General Meeting ("AGM"), this dividend will be paid on 22 January 2020 to shareholders on the register at 29 November 2019.
Future Plc announce a final dividend of 1p per share, double the previous year
The Future Plc Board is recommending a final dividend of 1p per share for the year ended 30 September 2019, payable on 14 February 2020 to all shareholders on the register at close of business on 17 January 2020.
TalkTalk maintain interim dividend of 1p per share
The Board has recommended an interim dividend of 1.00p (H1 FY19: 1.00p) in line with their previously stated dividend policy.
National Grid announce an interim dividend of 16.57p per share, in line with policy
The Board has approved an interim dividend of 16.57p per ordinary share ($1.0673 per American Depositary Share). This represents 35% of the total dividend per share of 47.34p in respect of the last financial year to 31 March 2019 and is in line with the Group's dividend policy. The interim dividend is expected to be paid on 15 January 2020 to shareholders on the register as at 29 November 2019.
Young & Co's Brewery announce 23rd consecutive year-on-year interim dividend increase, with a 6.0% rise to 10.57 pence per share
In line with their progressive dividend policy, the Young & Co's board has decided to raise the interim dividend for the 23rd consecutive year, by 6.0%, to 10.57 pence per share. This is expected to be paid on 6 December 2019 to shareholders on the register at close of business on 22 November 2019.
Stobart cut dividend
In recent years, Stobart's dividend has been largely funded from the sale of assets rather than operational cash generation. The Board believes that this practice is unsustainable and no longer in the interest of shareholders. Whilst the Group continues to hold a significant portfolio of non-strategic infrastructure assets, the Board, will continue to sell assets in such a way that optimises the value to the Group.
QinetiQ announce 2.2p interim dividend - one third of FY19 full year dividend
An interim dividend of 2.2p (H1 2019: 2.1p) will be paid on 7 February 2020 to shareholders on the register at 10 January 2020. The interim dividend represents one third of the prior year total dividend reflecting their previously communicated methodology. The full year dividend will be set in May.
Urban Logistics REIT have declared an interim dividend of 3.75 pence per share, up 25% on prior year
Urban Logistics REIT has declared a first interim dividend of 3.75 pence per Ordinary Share in respect of the financial year ended 31 March 2020. This will be paid as a property income distribution ("PID") on 20 December 2019 to shareholders on the register at the close of business on 22 November 2019. The ex-dividend date will be 21 November 2019.
Burberry announce an increased interim dividend 11.3p, following +3% year-on-year
The interim dividend of 11.3p (last half year: 11.0p) per share has been approved by the Board of Directors after 28 September 2019. Accordingly, this dividend has not been recognised as a liability at the period end.
Great Portland announce an interim dividend up 9.3%, to 4.7p per share
The Great Portland Board has declared an interim ordinary dividend of 4.7 pence per share (2018: 4.3 pence) which will be paid on 2 January 2020. All of this dividend will be a REIT Property Income Distribution (PID) in respect of the Group's tax-exempt property rental business.
NextEnergy Solar Fund Limited target a total dividend of 6.87p per ordinary share for the year ending March 31 2020
NextEnergy Solar Fund Limited has announced an interim dividend of 1.7175 pence per Ordinary Share for the quarter ending 30 September 2019. The interim dividend of 1.7175 pence will be paid on 31 December 2019 to shareholders on the register as at the close of business on 22 November 2019. The ex-dividend date is 21 November 2019.
Regional REIT declare an increased dividend of 3%, 1.90p per share
Regional REIT will pay a dividend of 1.90 pence per share ("pps") for the period 1 July 2019 to 30 September 2019, an increase of c. 3% (1 July 2018 to 30 September 2018: 1.85pps). The dividend payment will be made on 19 December 2019 to shareholders on the register as at 22 November 2019. The ex-dividend date will be 21 November 2019. The entire dividend will be paid as a REIT property income distribution ("PID").
3i announce dividend increase of 10% to 17.5p per share
In line with their dividend policy, 3i Group will pay a first FY2020 dividend of 17.5 pence, which is 50% of their total FY2019 dividend. This first FY2020 dividend will be paid to shareholders on 8 January 2020.
Prime People announce a maintained interim dividend of 1.80p
The Prime People Board will be declaring an interim dividend of 1.80p per share (2019: 1.80p) payable on 6 December 2019 to those shareholders on the register on 22 November 2019.
Mediclinic International announce maintained dividend of 3.2p per share
Mediclinic International have declared an interim dividend per share that is maintained at 3.20 pence (1H19: 3.20 pence), with the Group applying its full-year dividend policy of 25% to 35% of adjusted earnings per share.
Norcros announce an interim dividend increase of 10.7% to 3.1p per share
The Board is declaring an interim dividend of 3.1p per share reflecting the strong first half performance and its confidence in the Group's prospects. This represents an increase of 10.7% over the interim dividend from the previous year of 2.8p per ordinary share. The dividend is payable on 10 January 2020 to shareholders on the register on 29 November 2019. The shares will be quoted ex-dividend on 28 November 2019.
Avon Rubber announce a final dividend per share of 13.89p up 30%, resulting in full year total dividend of 20.83p, also up 30.0%
The Avon Rubber Board is recommending a final dividend of 13.89p per share (2018: 10.68p) which together with the 6.94p per share interim dividend gives a total dividend of 20.83p (2018: 16.02p), up 30% on last year. The final dividend will be paid on 13 March 2020 to shareholders on the register at 14 February 2020 with an ex-dividend date of 13 February 2020.
British Land announce half year dividend up 3.0% at 15.97p
As previously announced, British Land Co Plc have increased the dividend by 3.0% for the six months to 30 September 2019 to 15.97p and propose a full year dividend to 31 March 2020 of 31.93p. The dividend payout ratio is 99%.
SSE have announced an interim dividend of 24 pence, down 18% reflecting dividend policy outlined in May 2018
The interim dividend of 24 pence is in line with the 80 pence per share that is expected to be recommended at year-end and is consistent with the five-year plan announced in May 2018, to which SSE remains committed.
Aveva interim dividend up 10.7% to 15.5 pence per share
In line with the Aveva Board's progressive dividend policy, AVEVA intends to pay an interim dividend of 15.5 pence per share at a cost of £25.0 million (H1 FY19: 14.0 pence per share at a cost of £22.5 million). The interim dividend will be payable on 7 February 2020 to shareholders on the register on 10 January 2020.
Experian announce first interim dividend up 4% to 14.5 US cents per ordinary share.
A first interim dividend of 14.5 US cents per ordinary share will be paid on 31 January 2020 to shareholders on the register at the close of business on 3 January 2020 and is not included as a liability in these condensed half-yearly financial statements. The announced dividend payment of 14.5 US cents per ordinary share is a gross amount. The first interim dividend for the six months ended 30 September 2018 was 14.0 US cents per ordinary share and the total dividend per ordinary share for the year ended 31 March 2019 was 46.5 US cents with a total full year cost of US$420m.
Electrocomponents announce an 11.3% growth in interim dividend, in line with policy.
The Electrocomponents Board intends to continue to pursue a progressive dividend policy whilst remaining committed to a healthy dividend cover over time by driving improved results and stronger cash flow.
B&M maintain dividend at 2.7p per share
B&M have announced an interim dividend of 2.7p per Ordinary Share will be paid on 20 December 2019 to shareholders on the register at 22 November 2019 which is in line with the prior year (FY19:2.7p).
DCC plc announces an interim dividend increase of 10% to 49.5 pence per share.
The DCC Plc Board has decided to pay an interim dividend of 49.48 pence per share, which represents a 10.0% increase on the prior year interim dividend of 44.98 pence per share. This dividend will be paid on 11 December 2019 to shareholders on the register at the close of business on 22 November 2019.
Vodafone announces an interim dividend per share of 4.50 eurocents, equivalent to 50% of the FY19 total dividend payout.
The Board intends to have a progressive dividend policy, and the decision on the level of dividend growth will be assessed annually at year-end. Going forwards, the interim dividend is expected to be 50% of the prior full year dividend. Consistent with this approach, the interim dividend for H1 FY20 has been set at 4.50 eurocents.
Land Securities announce first half dividend up 2.7% to 23.2p per share
Land Securities will be paying a second quarterly dividend of 11.6p per share on 3 January 2020 to shareholders registered at the close of business on 29 November 2019. This will be paid wholly as a Property Income Distribution. Taken together with the first quarterly dividend of 11.6p per share, paid wholly as a Property Income Distribution on 4 October 2019, their first half dividend will be 23.2p per share (six months ended 30 September 2018: 22.6p per share), representing an increase of 2.7% and a total payment of £172m (six months ended 30 September 2018: £167m).
Adept announce interim dividend increased by 4% to 5.10p per share
On 7 April 2019 the Adept Technology Group paid dividends of £1,194,165 in relation to the interim dividend declared in September 2018.
Oxford Instruments have announced an interim dividend increase of 7.9% to 4.10 pence
The Board has declared an interim dividend increase of 7.9% to 4.1 pence (2018: 3.8 pence), reflecting improvement in underlying earnings per share.
Tate & Lyle announce an interim dividend increased by 0.2p to 8.8p per share, up 2.3%
An increase in the interim dividend for the six months to 30 September 2019 of 0.2p to 8.8p has been approved by the Tate & Lyle Board. This will be paid on 3 January 2020 to all shareholders on the Register of Members on 22 November 2019. In addition to the cash dividend option, shareholders will continue to be offered a Dividend Reinvestment Plan alternative.
Auto Trader announce an interim dividend of 2.4 pence per share
The final dividend for the year ended 31 March 2019 of 4.6 pence per share (H1 2019: 4.0 pence) was paid on 27 September 2019, totaling £42.6m (H1 2019: £37.9m). During the period, a total of 5.1 million shares (H1 2019: 9.6 million) were repurchased for a total consideration of £27.2m (H1 2019: £42.9m) before transaction costs of £0.1m (H1 2019: £0.2m). This decrease in the number of shares repurchased in the period was largely due to a reduction in the level of surplus cash available. Total cash returned to shareholders in the period was £69.8m (H1 2019: £80.8m).
GCP announce first interim dividend of the year at 1.57p per share
The GCP Student Living Board has announced a first interim dividend of 1.57 pence per ordinary share, in respect of the quarter ended 30 September 2019. The dividend will be paid on 16 December 2019 to ordinary shareholders on the register at 15 November 2019. The dividend will be paid as 1.49 pence per ordinary share as a REIT property income distribution ("PID") in respect of the Group's tax-exempt property rental business and 0.08 pence per ordinary share as an ordinary UK dividend ("non-PID").
Sainsbury announce an interim dividend of 3.3 pence per share, up 6 per cent
Interim dividend of 3.3 pence per share, up 6 per cent, in line with their policy of paying 30 per cent of prior full year dividend. Full year dividend policy will change to 1.9x cover by underlying earnings (versus 2.0x previously) to offset the dilutive non cash impact of IFRS 16 on underlying earnings.
Target Healthcare announces first interim dividend at 1.67p per share
Target Healthcare today declared its first interim dividend payment for the year to 30 June 2020, in respect of the period from 1 July 2019 to 30 September 2019 of 1.67 pence per share as detailed in the schedule below:
Halfords announce a maintained dividend of 6.18p per share
The Board has approved an interim dividend of 6.18 pence per share (H1 FY19: 6.18 pence), which is flat year-on-year. This will be paid on 17 January 2020 to shareholders on the register at the close of business on 5 December 2019.
Renewi announce an interim dividend of 0.45p per share
An interim dividend of 0.45 pence (2018/19: 0.95 pence) per ordinary share was approved by the Renewi Board on 7 November 2019 and will be paid on 10 January 2020 to shareholders on the register at close of business on 29 November 2019.
3i infrastructure on track to deliver increased FY20 dividend of 9.2 pence per share.
The 3i Infrastructure Board is announcing the payment of an interim dividend of 4.6 pence per share, scheduled to be paid on 13 January 2020 to holders of ordinary shares on the register on 29 November 2019. The ex-dividend date will be 28 November 2019. As an investment trust, the Company is permitted to designate dividends wholly or partly as interest distributions for UK tax purposes. The Board is designating 3.4 pence of the 4.6 pence interim dividend as an interest distribution. More details relating to this can be found in the Information for shareholders section.
Gattaca Plc cut dividend from previous annual 3.0p per share
The Gattaca Board are not recommending a final dividend given the economic headwinds in the UK, the significant non-underlying costs incurred this year and the continuing investment in our Primary Business Systems.
Connect announce a final and full year dividend for FY2019 of 1.0p, down 2.1p from the previous year
Connect Group's Board has evaluated the overall performance in the year and in light of both ongoing confidence in future positive cash flows and the immediate priorities of the business, the Board has resolved to recommend a final dividend of 1.0p, leaving the full year dividend as 1.0p to be paid in February 2020, a reduction of 2.1p or 67.7% (FY2018: 3.1p).
Marks & Spencer announce interim dividend of 3.9p, as previously indicated, down 40%
The Marks & Spencer Board have announced an interim dividend of 3.9p per ordinary share. This will be paid on 10 January 2020 to shareholders on the register of members as at close of business on 15 November 2019.
Associated British Foods announce a final dividend of 34.3 pence per share
Associated British Foods announce a final dividend of 34.3 pence per share which will be paid on 10 January 2020 to shareholders on the Company's register of members at the close of business on 13 December 2019. The ex-dividend date will be 12 December 2019.
Imperial Brands announce an annual dividend of 206.58p up +10%
The Group has paid two interim dividends totalling 62.56 pence per share in June 2019 and September 2019, in line with their quarterly dividend payment policy to give shareholders a more regular cash return.
PROACTIS holdings cut dividend
The Prooactis Board announced in April 2019 that it had decided to suspend the payment of an annual dividend. Therefore, no final dividend is proposed (2018: 1.5p per ordinary share).
BT declares a maintained interim dividend of 4.62p per share
BT have declared an interim dividend of 4.62p per share, 30% of last year's full-year dividend of 15.4p per share.
Bloomsbury announce an interim dividend up 6% to 1.28 pence per share
The Board has declared an interim dividend of 1.28 pence per share, a 6% increase on the 1.21 pence per share interim dividend for the six months ended 31 August 2018. The dividend will be paid on 6 December 2019 to Shareholders on the register on the record date of 8 November 2019.
BP announce a dividend of 10.25 cents per share for the quarter
BP today announced a quarterly dividend of 10.25 cents per ordinary share ($0.615 per ADS), which is expected to be paid on 20 December 2019. The corresponding amount in sterling will be announced on 9 December 2019. BP also announced that the board has suspended the scrip dividend alternative in respect of the third quarter 2019 dividend. Dividend reinvestment plans will be introduced effective from this third quarter dividend.
Braemar Shipping announce a maintained interim dividend of 5p per share
The Braemar Shipping Board has declared an interim dividend of 5.0p per share (full year 2018/19: 15.0p, half year 2018/19: 5.0p). This is a reflection of the current positive shipbroking market and the Board will continue to keep the future dividend policy under review. This interim dividend will be paid on 13 December 2019 to shareholders on the register at the close of business on 1 November 2019. The last date for Dividend Reinvestment Plan (DRIP) elections will be 22 November 2019.
Softcat announce a final dividend of 10.4p up 18% and special dividend of 16.0p
A final dividend of 10.4p per share has been recommended by the Directors and if approved by shareholders will be paid on 13 December 2019. The final ordinary dividend will be payable to shareholders whose names are on the register at the close of business on 8 November 2019. Shares in the Company will be quoted ex-dividend on 7 November 2019. The dividend reinvestment plan ('DRIP') election date is 22 November 2019.
Whitbread maintain dividend at 32.7pence per share
Whitbread's dividend policy is to grow the dividend broadly in line with earnings across the cycle. An interim dividend of 32.7 pence per share (H1 FY19: 32.7p), flat versus last year, amounting to £44 million, was declared by the Board on 21 October 2019. The dividend will be paid on 13 December 2019 to all shareholders on the register at the close of business on 8 November 2019. Shareholders will again be offered the option to participate in a dividend re-investment plan.
WH Smith declare final dividend increased by 8%. Share buyback of £31m completed
The WH Smith Board has a progressive dividend policy and expects that over time dividends would be broadly covered twice by earnings calculated on a normalised tax basis. The Board has proposed a final dividend of 41.0p per share, an increase of 8% on the prior year, giving a total ordinary dividend per share of 58.2p, an 8% increase on the prior year.
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