Recent articles for private investors with a focus on dividend announcements
Mears Group increases its 2016 full year dividend by 6%
Group revenue of £940.1m (2015: £881.1m), reflecting strong organic growth in Housing following a record year for new contract bidding in 2015.
Prudential increases its 2016 full year dividend by 12%
Performance highlights on a constant (and actual) exchange rate basis
Headlam group increases its 2016 full year dividend by 8.9% and pays a special
Financial Highlights:
Travis Perkins increases its 2016 full year dividend by 2%
Revenue increased by 4.6%, like-for-like revenue up 2.7% (6.6% two-year like-for-like)
Adjusted operating profit, excluding property profits, increased by £3m to £392m (2015: £389m)
The balance sheet was further strengthened with net debt reduced by £69m to £378m
Strong free cash flow generation of £436m at a cash conversion rate of 107% (2015: 77%), used to fund £187m of growth capital expenditure
Full-year dividend increased 2.3% to 45.0p per share, reflecting confidence in cash generation
Network expansion continued, with net 25 new branches and stores opened (82 gross)
Lease adjusted return on capital employed reduced to 10.9% reflecting continued investment in network expansion, store refits and IT which will underpin future earnings growth and cash generation
An exceptional non-cash impairment charge of £235m has been taken against the goodwill and intangible and tangible assets, principally in the plumbing & heating and tile businesses
An exceptional charge was taken to the income statement of £57m to cover the previously announced closure of underperforming branches, supply chain rationalisation and central restructuring.
Arrow Global increases its 2016 full year dividend by 28.7%
Final dividend of 6.4p proposed, bringing total dividends for 2016 to 9.1p per share, up 28.7% on 2015 and representing a 35% pay-out
ITV increases its 2016 final dividend by 20% and pays special
Revenue growth driven by double-digit increase in non-NAR
Meggitt increases its 2016 full year dividend by 5%
Good organic order intake supports 2017 growth expectations
Provident Financial increases its 2016 full year dividend by 12.1%
Strong financial performance and dividend increase
Moneysupermarket increases its 2016 full year dividend by 8%. Announces Buyback.
Group revenues up 12% led by strong quarter four trading.
Persimmon increases its Capital return plan
Given the strong progress the Group has made, the Board announced an acceleration of, and an increase to, the Capital Return Plan on 23 February 2016. Minimising financial risk and retaining flexibility for reinvestment in the business remain key priorities. The Board is of the firm belief that the prioritisation of capital discipline through the housing cycle is critical to the successful delivery of sustainable, superior shareholder value and, therefore, maintained the original long term Capital Return Plan period commitment to 2021.
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