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%.


 

Annunci

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%.


 

Dividend Increase 070: Greene King

GREENE KING

 

Continued market outperformance

  • Pub Company like-for-like (LFL)2 sales up 1.5%, ahead of the market3, driven by a good Christmas, a stronger fourth quarter and a strong performance from Greene King Locals.
  • Record performance from Pub Partners; LFL net profit2 up 5.0%.
  • Brewing & Brands revenue up 1.7%; own-brewed volume (OBV) down 2.8%, beating the UK cask ale market4.

Strong financial metrics supporting growth and shareholder returns

  • Record revenue, up 6.9% to £2,216.5m, and operating profit before exceptional and non-underlying items, up 4.9% to £411.5m.
  • Strong free cash flow generation; £119.6m post core capex2 & dividends, covers scheduled debt repayments.
  • 4.0x net debt to EBITDA1,2; long-term debt financing.
  • Return on capital employed2 (ROCE) maintained at 9.4%.
  • Dividend per share up 3.6%; continued long-term dividend progression.

Spirit integration completed a year ahead of schedule

  • £35m targeted annual synergies delivered.
  • Pub Company IT system rolled out across over 1,700 pubs.
  • Integrated supply chain in place.
  • Organisational restructure completed.
  • Year one brand conversions achieved sales uplifts of over 30%.

Rooney Anand, chief executive officer

“Greene King has delivered another set of record results, generating full year EBITDA of over £500m for the first time. The team has worked hard to maintain momentum during the period and successfully completed the integration of Spirit a year ahead of schedule. This has led to a stronger, more competitive business with an industry-leading portfolio of brands.

“Our performance has been achieved against a demanding backdrop of increased costs, weaker consumer confidence and increasing competition. While I expect these challenges to intensify over the next few years, Greene King has a very strong track record of delivery in tough market conditions.

“Using the scale that the Spirit acquisition has brought, we will continue towards our aim of being the best pub company in Britain. We will achieve this goal by ensuring we have the best brands, the best invested estate and the best people in the industry. We will target further market outperformance, in a growing market, supported by additional cost efficiencies, a robust balance sheet and strong cash generation to deliver long-term growth and attractive returns for our shareholders.”


GREENE KING fa parte del gruppo “FOOD&BEVERAGE” all’interno del portafoglio Black Dog.

Ad oggi ha restituito 71.3 euro che corrispondono ad un tasso di payback del 4.65%.

Il nuovo dividend yeld netto “on cost” si attesta al 3.18% e al 3.33% considerando i dividendi già incassati.

Ad oggi l’investimento in GREENE KING corrisponde allo 2.1% dell’intero portafoglio.

Il rendimento attuale ,dividendi inclusi , si attesta al -6.03%.