BALFOUR BEATTY 2017 FULL-YEAR RESULTS ANNOUNCEMENT

[idpickering]

Highlights

· Underlying profit from operations more than doubled to £196m (2016: £69m)

· All earnings-based businesses materially improved profit from operations

· Average net cash £42m (2016: £46m net debt); year end net cash £335m (2016: £173m)

· M25 partial sales in line with strategy to maximise value from Investments portfolio

· Directors' valuation of Investment portfolio unchanged at £1.2bn

· Rebased, higher quality order book of £11.4bn, in line with half year

· Recommended final dividend of 2.4 pence per share; full year 3.6 pence per share (2016: full year 2.7 pence)

· Balfour Beatty remains on track for industry-standard margins in second half of 2018

And later;

Dividend

Following the 1.2 pence per share dividend declared at the half year, the Board is recommending a final dividend of 2.4 pence per share, giving a total recommended dividend for the year of 3.6 pence per share (2016: 2.7 pence). The Board recognises the importance of dividends to shareholders and anticipates a progressive dividend policy going forward.

https://www.investegate.co.uk/balfour-b ... 00046278H/

[granretire]

And when:
The final 2016 dividend was paid on 7 July 2017 and the interim 2017 dividend was paid on 1 December 2017. Subject to approval at the Annual General Meeting on 24 May 2018, the final 2017 dividend will be paid on 6 July 2018 to holders on the register on 20 April 2018 by direct credit or, where no mandate has been given, by cheque posted on 6 July 2018 payable on 5 July 2018. The ordinary shares will be quoted ex-dividend on 19 April 2018.

[idpickering]

And when:
The final 2016 dividend was paid on 7 July 2017 and the interim 2017 dividend was paid on 1 December 2017. Subject to approval at the Annual General Meeting on 24 May 2018, the final 2017 dividend will be paid on 6 July 2018 to holders on the register on 20 April 2018 by direct credit or, where no mandate has been given, by cheque posted on 6 July 2018 payable on 5 July 2018. The ordinary shares will be quoted ex-dividend on 19 April 2018.

Thanks for that granretire. I struggled to wade through the report to find the dates concerned to be honest.

Ian.

[granretire]

Just do <ctrl><f>, enter the word 'dividend' and then each occurence of the word in the document will be found as you do 'next'

[idpickering]

Just do <ctrl><f>, enter the word 'dividend' and then each occurence of the word in the document will be found as you do 'next'

Very clever, thanks for that. Wish I'd thought of doing that.

Ian.