Persimmon PSN describes its 2017 performance as excellent and its continued outperformance as enabling an increase in capital return payments of 125p. per share to be made in each of the next three years, to be paid as an interim dividend in late March / early April of each year, commencing on the 29th March 2018. The scheduled capital return of 110p per share will be paid on the 2nd July as a final dividend for 2017. 2017 was another year of disciplined high quality growth with revenue up by 9%, underlying profit before tax by 25% and earnings per share by 26%. The average selling price rose by 3.2%.
GKN plc GKN claims to be excited about plans for its” fantastic businesses” which include the separation of Aerospace and Driveline into two separate companies in 2019. As for 2017 organic sales rose by 6% and exceeded £10 billion for the first time. Profit before tax on a statutory basis rose by 125% and the final dividend is to be increased by 5%.
Direct Line Insurance Group DLG. 2017 was the fifth consecutive year in which DLG delivered a strong financial performance,and shareholders are getting their just rewards with whopping dividend increases.Profit before tax for the year to the 31st December surged by 52.7% and the final dividend is to be increased by 40.2% to 13.6p on top of the jump in the interim dividend of 38.8%. A special dividend of 15p per share is also to be paid which is an increase of 50% over last years payment.
Johnson Service Group plc JSG Following the disposal of the dry cleaning division in January 2017 Johnson transformed itself into a textile services business and with the help of acquisitions made during the year, delivered a strong financial performance, with revenue rising by 13.3%. Adjusted profit before tax for the year to the 31st December rose by 17.5% and diluted earnings per share by 14.5%. The final dividend is to be increased by 12% to 2.8p per share.