James Halstead (AIM:JHD) as we suggested they might, the AIM blue chip offers a special dividend
Our Blog from 29th September 2015 commented on the record results from the UK flooring kings and we also suggested that, with cash accumulating, there might be room for a special dividend. Hey presto, 2 months later this excellent business delivers a Christmas special!
The 100th AGM (an achievement in itself) statement offered the usual delightful prose. Trading for the year so far is in line with budgets with turnover on a constant currency basis ahead of the comparative year but on a par on a reported basis owing to the effects of exchange rates on translation, with profits ahead of last year. First half results will be in line with management expectations. The dividend is also celebrating its 40th year of increases – those clever folks who reinvested their dividends will be very happy! A special dividend equal to 100% of the final…