Recent articles for private investors with a focus on dividend announcements
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.
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.
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.
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.
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.
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.
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:
1 London Stock Exchange listed company has made COVID-19 related dividend announcements today
There has been one cancelled dividend today, this is:
888 Hold's announce a final dividend of 3.0¢ per share
888, a popular online gaming entertainment and solutions providers, announces that its board of directors has recommended the payment of a final dividend comprising 3.0 cents per share.
7 London Stock Exchange listed companies have made COVID-19 related dividend announcements
There has been a number of cancelled and suspended dividends today, these include:
Winkworth plc declare they will pay a dividend of 1.68p per ordinary share
The Directors of M Winkworth Plc ("Winkworth" or the "Company") have announced that the Company will pay a dividend of 1.68p per ordinary share for the first quarter of 2020 to shareholders.
Chesnara announce a 3% dividend increase to 7.43p per share
During 2019 Chesnara continued to deliver strong cash generation, funding the dividend strategy as well as maintaining a robust group solvency ratio. Economic Value increased significantly as a result of favourable economic conditions, despite the impact of a substantive foreign exchange loss due to currency fluctuations. Prudent financial and operational management has resulted in Chesnara's operations, solvency and dividends all being resilient to the impacts of Covid-19, however the Economic Value will have fallen subsequent to the year end.
5 London Stock Exchange listed companies have made COVID-19 related dividend announcements
There has been a number of cancelled dividends today, these include:
List of Companies Cancelling UK Dividends in March and April 2020
For a listed company to cancel a declared dividend is very rare. In the past we've seen this perhaps once per year globally.
Trixtax announces 2020 dividend guidance withdrawn, but quarterly dividends to continue
In conjunction with its annual results on 17 March 2020, the Company confirmed a dividend target of 7.0p per share for FY2020. Given the necessary UK Government intervention in response to COVID-19 since that date, visibility over the economic impact and duration of the pandemic has reduced significantly. This has resulted in a slowdown in the occupational markets and increased the likelihood of delays in areas such as planning and construction. The Board therefore considers it prudent to withdraw its dividend guidance for the current financial year.
S & U announces a final dividend of 50p per ordinary share to be paid on 10 July 2020
S & U recommend a payment of a final dividend of 50p per ordinary share (2019: 51p) to shareholders on the register at the 19th June 2020. This means that total dividends this year will be 120p per share (2019: 118p) with this total dividend being again covered nearly exactly twice (2019: 1.98). As usual, final dividend will be subject to the approval of shareholders at our AGM, which will now be held by remote means on 9th June 2020.
Tesco Plc announces a final dividend 6.50p, representing a pay-out ratio of 50%
The proposed Tesco final dividend was approved by the Board of Directors on 7 April 2020 and is subject to the approval of shareholders at this year's Annual General Meeting. The final dividend will be paid on 3 July 2020 to shareholders who are on the register of members at close of business on 22 May 2020 (the Record Date). Shareholders may elect to reinvest their dividend in the Dividend Reinvestment Plan (DRIP). The last date for receipt of DRIP elections and revocations will be 12 June 2020.
Capital & Regional have announced they will maintain their dividend, while monitoring the ongoing developments of COVID-19
Within its Year End Results announcement on 5 March 2020 the Company proposed a final dividend for the year ending 30 December 2019 of 11 pence per share.
Intercontinental Hotels withdraws dividend
The intercontinental Hotels Board is withdrawing its recommendation of a final dividend of 85.9¢ (~$150m) announced on 18 February 2020 and will defer consideration of further dividends until visibility has improved.
Travis Perkins suspends dividend
Due to the rapidly evolving situation and the UK Government response to the impact of COVID-19, the Travis Perkins Board expects the trading environment to change quickly and materially in the coming weeks. In response to this, the Board is taking prudent decisions in order to successfully navigate this period of turmoil. These include the suspension of the proposed full-year 2019 dividend and the pausing of the Wickes demerger process in light of current extreme stock market volatility.
ScS announces a maintained interim dividend of 5.50p per share
The Group has continued to generate strong cash flows, deliver growth and build a balance sheet of increasing resilience. As a consequence, the Board has announced an interim dividend of 5.50p per ordinary share (2019: 5.50p). This dividend will be payable on 7 May 2020 to shareholders on the register on 17 April 2020. The ex-dividend date is 18 April 2020.
Wetherspoons announce a 31.2% interim dividend cancelled
In view of current uncertainty, the board has decided to cancel the interim dividend (2019: £4.2m).
Marks & Spencers declare they will not be paying a final dividend due to ongoing concerns of COVID-19
In the current circumstances the Marks & Spencer Board does not anticipate making a final dividend payment for this financial year, resulting in an anticipated cash saving of c.£130m. They will review their policy at the interim results in November as visibility improves.
Portmeirion cut dividend
Due to the unprecedented uncertainty facing businesses around the world from Covid-19, Portmeirion are not recommending a final dividend at this time. They will review in three months and consider declaring an additional interim dividend in line with the final dividend for 2018 (29.50p). This will preserve approximately £3.1 million in forecast cash as part of Covid-19 contingency measures.
Crest Nicholson cuts dividend due to concern surrounding COVID-19
Crest Nicholson today issued an update on the impact of COVID-19 on the business and in advance of its Annual General Meeting ("AGM") which will be held at 10.30 a.m. on Tuesday 24 March 2020 at Brooklands Hotel, Brooklands Drive, Weybridge, Surrey KT13 0SL.
TClarke has proposed a final dividend of 3.65p, with the total dividend for the year increasing by 10% to 4.4p. The dividend is covered four times by underlying earnings. The increase in dividends is in line with TClarke's progressive dividend policy.
The TClarke Directors are proposing a final dividend of 3.65p (2018: 3.34p) per ordinary share totalling £1.6 million (2018: £1.4 million). Subject to approval at the Annual General Meeting, the final dividend will be paid on 22nd May 2020 to shareholders on the register as at 24th April 2020. The shares will go ex-dividend on 23rd April 2020. This dividend has not been accrued at the balance sheet date. A dividend reinvestment plan is available to shareholders.
Sanne Group announce a final dividend of 9.4p, reflecting the Board's confidence in the prospects of the Group consistent with the Group's progressive dividend policy
The Sanne Board continues to adopt a progressive dividend policy where it seeks to increase the absolute value of the dividend each year, subject always to maintaining a sufficient level of dividend cover. Accordingly, the Board is recommending a final dividend of 9.4 pence per ordinary share (2018: 9.2 pence). The final dividend will be payable on 20 May 2020 to Shareholders on the register at close of business on 24 April 2020.
OneSavingsBank announce a recommended final dividend of 11.2 pence per share which gives a full year dividend of 16.1 pence per share.
The OneSavingsBank Board recommends a final dividend for 2019 of 11.2 pence per share. Together with the 2019 interim dividend of 4.9 pence per share and the pre-Combination CCFS interim dividend of 4.3 pence per share, this represents 25% of pro forma underlying profit attributable to ordinary shareholders. For calculation of 2019 final dividend, see Appendix.
NewRiver REIT cut dividend
The NewRiver REIT have announce their focus is on managing cash resources very carefully and maintaining liquidity in the business. The Company has £72 million of unrestricted cash reserves and £45 million of undrawn revolving credit facilities, giving available liquidity of £117 million.
Playtech cut dividend following the continued uncertainty surrounding the COVID-19 virus
Playtech plc ("Playtech") provides the following update on the impact of COVID-19. Given the uncertainty and rapidly changing nature of the situation, Playtech is working to protect its cash flow by pro-actively managing its capital expenditure and working capital as well as identifying opportunities for cost savings that will not impact the long-term success of the Company.
Next announces they will defer dividend
Next has decided to defer a decision on its dividend declaration. It is their usual practice at this time of the year to propose a final ordinary dividend to be paid at the start of August, subject to approval by shareholders at the Annual General Meeting held in May. However, given the highly unusual circumstances arising from the coronavirus, but they believe it is important to maintain flexibility around the timing of a decision to pay this dividend.
Centaur Media are proposing a final dividend of 0.5p per share in accordance with new dividend policy
Centaur is proposing a final dividend payment of 0.5p per share, payable on 29th May 2020. The Board was intending to propose the payment of another special dividend in May 2020 but has decided to defer this decision until there is more visibility around the impact of the coronavirus on the Group's cash flows.
Micro Focus overturns their declared dividend
Micro Focus International plc ("Micro Focus" or "the Company") today announces that the Board is no longer recommending a final dividend for the year ended 31 October 2019 and therefore it intends to withdraw resolution number 2 as set out in the Notice of Annual General Meeting dated 18 February 2020 (the "Notice") relating to the approval of a proposed final dividend of 58.33 cents per ordinary share at its forthcoming Annual General Meeting.
Morrisons have declared a final ordinary dividend of 4.84p, taking the full-year ordinary dividend to 6.77p, and full-year total dividend to 8.77p, however they have deferred any special dividend to allow maximum flexibility
The Morrisons Directors have proposed a final ordinary dividend in respect of the financial period ended 2 February 2020 of 4.84p per share which will absorb an estimated £116m of shareholders' funds. Subject to approval at the AGM, the final dividend will be paid on 29 June 2020 to shareholders who are on the register of members on 22 May 2020.
Ferrexpo have decided to defer their decision on their final dividend
Ferrexpo has total dividends declared for the 2019 financial year that amount to 13.2 US cents per share (2018: 23.1 US cents per share). The Board is committed to dividends and intends to consider a potential final ordinary and/or special dividend for the 2019 financial year once the general market situation and the effect of the COVID-19 virus has become clearer. Overall, in 2019 the Group paid out dividends of US$155 million, a 60% increase compared to 2018 (US$97 million), and has paid US$40 million so far in 2020.
Eurocell final dividend of 6.4 pence per share (2018: 6.2 pence per share) up 3%
Eurocell plc paid an interim dividend of 3.2 pence per share in October 2019. The Board proposes a final dividend of 6.4 pence per share, resulting in total dividends for the year of 9.6 pence per share, representing growth of 3%
Bodycote announces a full year ordinary dividend 20.0p, up 5.3%
The Bodycote Board has recommended a final ordinary dividend of 14.0p (2018: 13.3p), bringing the total ordinary dividend to 20.0p (2018: 19.0p). In light of the imminent acquisition of Ellison Surface Technologies, the Board is not recommending a special dividend this year (2018: 20.0p). If approved by shareholders, the final ordinary dividend will be paid on 5 June 2020 to shareholders on the register at the close of business on 24 April 2020.
Computacenter propose a final dividend of 26.9 pence per share
The Computacenter Board propose a final dividend of 26.9 pence per share. The interim dividend paid on 11 October 2019 was 10.1 pence per share. Together with the final dividend, this brings the total ordinary dividend for 2019 to 37.0 pence per share, representing a 22.1 per cent increase on the 2018 total dividend per share of 30.3 pence.
Marshalls announce a recommended final ordinary dividend increased by 21% to 9.65 pence per share
The Marshalls Group continues to follow a progressive dividend policy aimed at achieving up to 2 times earnings cover over the business cycle. For the current year, the Board is recommending a final dividend of 9.65 pence per share (2018: 8.00 pence per share) which, together with the interim dividend of 4.70 pence per share (2018: 4.00 pence per share), makes a combined dividend of 14.35 pence per share (2018: 12.00 pence per share), an increase of 20 per cent for the year.
Cineworld have declared full year dividend of 15.5 cents up 3.3%
The Cineworld Board now pays four interim dividends for each financial year. Payments in relation to the first three quarters of the year were equal to 25% of the full year dividend of the prior year, with the final payment reflective of the Group's full year earnings performance and resulting in a full year dividend payment aligned with the Group's pay-out ratio.
Galliford Try announce interim dividend of 1.0p declared
The Galliford Try directors have reviewed the Group's results and outlook for the current financial year and have declared an interim dividend of 1.0p per share which will be paid on 17 April 2020 to shareholders on the register at close of business on 20 March 2020.
Brooks Macdonald announce an interim dividend up by 10.5% to 21.0p in line with the Group's progressive dividend policy
In line with the Group's progressive dividend policy, the Board has declared an interim dividend of 21.0 pence (H1 FY19: 19.0 pence). This represents an increase of 10.5% compared to the previous period. The interim dividend will be paid on 24 April 2020 to shareholders on the register as at 27 March 2020.
Arrow Global announce full year dividend up 3.1% to 13.1p
The 2019 interim dividend was declared at 50% of the 2018 final dividend. A final dividend for 2019 has been proposed of 8.7p, bringing the total dividend for the year to 13.1p being 40% of underlying profit after tax. The proposed final dividend is subject to approval at the annual general meeting and has, therefore, not been included as a liability in these financial statements.
Equiniti recommend a final dividend of 3.54 pence per share, to give a total dividend for the year of 5.49 pence per share, representing growth of 3.2% in line with progressive dividend policy
The Board continues to adopt a progressive dividend policy, which targets distributing c30% of the Group's underlying profit attributable to shareholders each year. Having paid an interim dividend of 1.95 pence per share, they are proposing a final dividend of 3.54 pence per share. This will give a total dividend for the year of 5.49 pence, up 3.2% on the 5.32 pence paid in respect of 2018.
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