Compass Group (CPG) were once a HYP pick so this may be of interest to some - yield is only 2.4% now though.
Full Year results announced today:
Compass reports another strong set of results. Organic revenue growth of 5% was converted into profit and cash which was reinvested in the business or returned to shareholders.
Our dividend policy is to grow the dividend in line with growth in underlying constant currency earnings per share. It is therefore proposed that a final dividend of 21.1 pence per share be paid on 20 February 2017 to shareholders on the register on 20 January 2017. This will result in a total dividend for the year of 31.7 pence per share (2015: 29.4 pence per share), a year on year increase of 7.8%. The dividend is covered 1.9 times on an underlying earnings basis and 1.8 times on a cash basis. We remain committed to growing the dividend in line with constant currency earnings.
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Compass (CPG) Full Year Results
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Re: Compass (CPG) Full Year Results
And typically, on posting good results, they are down over 5%. I see one report somewhere that suggested growth was slowing. Maybe the rate of growth is falling, but that is probably down to currency effects.
TJH
TJH
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