Recent articles for private investors with a focus on dividend announcements
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.
Savills announce a final ordinary and supplementary interim dividends up 3% to total 32.0p per share
An initial interim dividend of 4.95p per share (2018: 4.8p) amounting to £6.7m was paid on 2 October 2019, and a final ordinary dividend of 12.05p (2018: 10.8p) is recommended, making the ordinary dividend 17.0p for the year (2018: 15.6p).
Balfour Beatty announce a 33% increase in full year dividends to 6.4 pence
Following the 2.1 pence per ordinary share interim dividend declared at the half year, the Balfour Beatty Board is recommending a final dividend of 4.3 pence per share, giving a total recommended dividend for the year of 6.4 pence per share (2018: 4.8 pence). The Board recognises the importance of dividends to shareholders and expects to deliver a continuation of the progressive dividend policy.
FDM announce a final dividend of 18.5 pence per share giving a total ordinary dividend for the year of 34.5 pence, an increase of 15% on 2018
The FDM Group continues to apply a progressive dividend policy, aimed at increasing the annual dividend broadly in line with growth in the Group's earnings per share, whilst taking into account the Board's desire to maintain a cash buffer of approximately £30 million at a Group level, the ongoing needs for funding of organic growth across the business and the distributable reserves available to the Group. They intend to pay a final dividend of 18.5 pence per share, taking the total ordinary dividend to 34.5 pence per share, an increase of 15% on 2018.
Quilter announces a recommended final dividend of 3.5 pence per share, bringing the total dividend for the year to 5.2 pence per share
The Quilter Board has recommended a final dividend of 3.5 pence per share at a total cost of £65 million. Subject to shareholder approval, the recommended final dividend will be paid on 18 May 2020 to shareholders on the UK and South African share registers on 3 April 2020. For shareholders on their South African share register a dividend of 72.78519 South African cents per share will be paid on 18 May 2020, using an exchange rate of 20.79577. This will bring the dividend for the full year to 5.2 pence per share (2018: 3.3 pence per share).
Spirax-Sarco announces a final dividend increased by 10% to 78.0p
The interim dividend for 2019 for Spirax-Sarco, paid on 8th November 2019, was raised by 10% to 32.0 pence per share (2018: 29.0 pence per share). The Board is recommending an increase in the final dividend of 10% to 78.0 pence per share (2018: 71.0 pence). Subject to approval of the final dividend by shareholders at the Annual General Meeting (AGM) on 13th May 2020, the total Ordinary dividend for the year will be 110.0 pence per share, an increase of 10% over the 100.0 pence per share for the prior year.
G4S announce a maintained final dividend of 6.11p per share
Following the conventional cash sale, the G4S Board has reviewed the Group’s dividend policy. The Board has decided to maintain the total dividend for the year ended 31 December 2019 and will propose a final dividend of 6.11p per share bringing the total dividend for the year to 9.7p per share in line with the prior year. This represents underlying dividend cover of 1.75x based on 2019 earnings per share. Going forward the Board believes that the Group should maintain the dividend at the current level and rebuild dividend cover to 2x. Once this level of cover is reached, the Board intends to adopt a progressive dividend policy taking into account a range of factors including the progress of the global economy, the performance of the business as measured by underlying earnings and cash flow, the requirements for capital within the business and the expected performance of the business going forward.
Close Brothers plc have declared an interim dividend per share of 22.7p, up 3%, in line with their progressive dividend policy
Close Brothers plc have announced an interim dividend of 22.7p (2019: 22.0p) represents an increase of 3% from the prior year and reflects our commitment to a progressive dividend policy, which aims to grow the dividend year on year while maintaining a prudent level of dividend cover. The interim dividend is due to be paid on 22 April 2020 to shareholders on the register at 20 March 2020.
Wood Group (John) announces a proposed final dividend of 23.9c, total dividend of 35.3c up 1% in line with progressive dividend policy
The Wood group (John) Board has recommended a final dividend of 23.9 cents per share, which makes a total distribution for the year of 35.3 cents, representing an increase of 1% on the total distribution for 2018. Dividend cover is 1.3 times (2018: 1.3x) and they expect to build dividend cover over the medium term.
M&G announce an ordinary dividend of 11.92 pence per share and special demerger dividend of 3.85 pence per share
As announced by M&G at the time of demerger an Ordinary Dividend of 11.92 pence per share will be paid on 29 May 2020. Consistent with their dividend policy the expected 2019 Ordinary Dividend is broadly two-thirds of the amount that the Board would have anticipated paying in respect of the full year 2019 as a standalone business.
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.
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.
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.
TP ICAP announce a proposed maintained dividend remaining at 16.85p
The Board declared an interim dividend of 5.6 pence per share paid on 8 November 2019 and is recommending a final dividend of 11.25 pence per share to be paid on 19 May 2020 (with a record date of 3 April 2020).
Palace Capital announces a 4.75 pence per ordinary share quarterly dividend
Palace Capital (LSE: PCA), the UK REIT that has a diversified portfolio of UK regional commercial real estate in carefully selected locations outside of London, has announced that it will pay a quarterly dividend, in respect of the three months ended 31 December 2019, of 4.75 pence per ordinary share on 9 April 2020 to shareholders on the register as at 20 March 2020. The dividend payment will comprise a Property Income Distribution (PID) of 2.50 pence, with 2.25 pence paid as an ordinary dividend (Non-PID).
DFS Furniture announce a maintained interim dividend of 3.7p declared
The Board remains confident in the Group's outlook. While they continue to operate outside their targeted dividend payout of 40-50% of underlying cash generation, based upon the Group's outlook, they are comfortable maintaining the interim dividend at 3.7 pence. As stated in their published Capital and Distribution Policy, should the outlook worsen and underlying cash flow generation not cover the current level of ordinary dividends, they would if necessary reduce or halt dividends. However, they expect profit and cash generation growth which should enable them to return to the targeted payout range in the foreseeable future.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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
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.
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.
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.
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.
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
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.
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.
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.
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.
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.
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.
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).
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.
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.
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.
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.
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.
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.
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).
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.
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).
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.
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