Dividend Increase 073 : Diageo

2017 Preliminary Results, year ended 30 June 2017

Consistent strong performance delivered through effective execution against our strategy

  • Reported net sales (£12.1 billion) and operating profit (£3.6 billion) were up 15% and 25%, respectively, reflecting favourable exchange and accelerated organic growth
  • All regions contributed to broad based organic net sales growth, up 4.3%, and organic volume grew 1.1%
  • Organic operating profit grew 5.6%, ahead of top line growth, driven by good progress on productivity partially offset by implementation costs and one-off items
  • Free cash flow continued to be strong at £2.7 billion, increasing by £566 million compared to the prior year, with net cash from operating activities up £584 million to £3.1 billion
  • Basic eps of 106.0 pence was up 18%. Pre-exceptional eps was 108.5 pence, up 21%, as higher organic operating profit and associate income along with favourable exchange more than offset the impact of disposals and a higher tax rate
  • We continue to expect mid-single digit organic net sales growth and are raising our margin improvement objective from 100bps to 175bps over the three years ending 30 June 2019
  • On 26 July 2017 the Board approved a share buy-back programme to return up to £1.5 billion to shareholders during F18
  • The Board recommended a final dividend increase of 5% bringing the full year dividend to 62.2 pence per share 

Ivan Menezes, Chief Executive, commenting on the results said:

 “We delivered a strong set of results including broad based improvement in organic net sales and operating profit. Our performance demonstrates the effective delivery of our strategy through disciplined execution of our six priorities put in place four years ago. We have delivered consistent strong performance improvement across all regions and I am pleased with progress in our focus areas of US Spirits, scotch and India. 

Our productivity work is delivering ahead of expectations allowing us to reinvest in our brands, drive margin improvement and generate consistent strong cash flow. Through productivity we have embedded an everyday efficiency mind set in the business and with improved data and insight we are making faster, smarter decisions on investment choices. 

Diageo is a strong company today and we are confident in our ability to deliver sustainable growth. We are raising our productivity goal to £700 million with two thirds being reinvested in the business. We continue to expect mid-single digit top line growth, and we are raising our operating margin expansion objective to 175bps over the three years ending 30 June 2019. 

Following three years of consistently improving cash flow generation the Board has approved a share buy-back programme of up to £1.5 billion in F18.” 


DIAGEO fa parte del gruppo “FOOD AND BEVERAGE” all’interno del portafoglio Black Dog.

Ad oggi ha restituito 7.9 euro che corrispondono ad un tasso di payback del 3.06%.

Il nuovo dividend yeld netto “on cost” si attesta al 2.01% e al 2.08% considerando i dividendi già incassati.

Ad oggi l’investimento in DIAGEO corrisponde allo 0.4% dell’intero portafoglio.

Il rendimento attuale ,dividendi inclusi , si attesta allo 5.78%.


Diageo

Dividend Increase 072 : Reckitt Benckiser

 

SIGNIFICANT PROGRESS ON PORTFOLIO TRANSFORMATION
• Significant progress on our portfolio transformation:
o Mead Johnson Nutrition (MJN) acquired on 15 June, earlier than expectations and integration progressing well.
o Food disposal announced. Proceeds to be used to reduce debt.
o RB base business on track in a challenging environment.
• LFL net revenue decline of -1% (Q2: -2%) – in line with our announcement on 6 July. (specific issues: Scholl, Korea,
GST and cyber-attack)
• ENA (-3% LFL) and DvM (+3% LFL growth) – impacted by specific issues in challenging market conditions.
• Health (-2% LFL) – continuing strong dynamics offset by specific issues. Hygiene (+1% LFL growth), Home (-3% LFL).
• Adjusted operating margin expansion of +30bps to 23.7%, (ex MJN: +50bps to 23.9%).
• Adjusted net income growth of +14% (-1% at constant rates); adjusted diluted EPS of 124.9p (+15%).
• Adjusting items of £127m principally in respect of the MJN acquisition.
• £318m provision in respect of Indivior / DoJ discussions taken within discontinued operations. Further details on p15, 26.
• Reported net income increased by +61% (+34% constant); reported diluted EPS of 109.3p (+62%).
• Strong free cash flow generation of £1,251m.
• Full year net revenue target adjusted to +2% (previously +3%) as previously announced. MJN net revenue target for H2
of -2% to flat.
The Board declares an interim dividend of 66.6p per share (2016: 58.2p), an increase of 14%.


Reckitt Benckiser fa parte del gruppo “CONSUMERS” all’interno del portafoglio Black Dog.

Ad oggi ha restituito 6.4 euro che corrispondono ad un tasso di payback del 0.94%.

Il nuovo dividend yeld netto “on cost” si attesta al 1.58% e al 1.59% considerando i dividendi già incassati.

Ad oggi l’investimento in RB corrisponde allo 1% dell’intero portafoglio.

Il rendimento attuale ,dividendi inclusi , si attesta allo 0.48%.


 

Dividend Increase 071: Omega Healthcare

Omega Healthcare Investors, Inc. - link to home page

Omega Announces Twentieth Consecutive Increase in Its Quarterly Common Stock Dividend

Company Release – July 13, 2017 16:45

HUNT VALLEY, Md.–(BUSINESS WIRE)– Omega Healthcare Investors, Inc. (NYSE:OHI) today announced that the Company’s Board of Directors declared a common stock dividend of $0.64 per share, increasing the quarterly common dividend by $0.01 per share over the previous quarter. The common stock dividend is payable Tuesday, August 15, 2017 to common stockholders of record as of the close of business on Tuesday, August 1, 2017.

Second Quarter Earnings Release and Conference Call

The Company also announced today that it is scheduled to release its earnings results for the quarter ended June 30, 2017, on Wednesday, July 26, 2017, after market close. In conjunction with its release, Omega will be conducting a conference call on Thursday, July 27, 2017 at 10 a.m. Eastern Time to review its 2017 second quarter results and current developments.


Omega fa parte del gruppo “IMMOBILIARE” all’interno del portafoglio Black Dog.

Ad oggi ha restituito 120 euro che corrispondono ad un tasso di payback del 9.85%.

Il nuovo dividend yeld netto “on cost” si attesta al 4.77% e al 5.29% considerando i dividendi già incassati.

Ad oggi l’investimento in Omega corrisponde allo 1.9% dell’intero portafoglio.

Il rendimento attuale ,dividendi inclusi , si attesta al 10.56%.