Dunelm Dividends - DNLM

Dunelm Dividends - DNLM

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Stock Name Stock Symbol Market Stock Type
Dunelm Group Plc DNLM London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
1.00 0.07% 1,369.00 08:12:09
Open Price Low Price High Price Close Price Previous Close
1,355.00 1,355.00 1,369.00 1,368.00
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Industry Sector

Dunelm DNLM Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

tole: Here's the times update earlier todayOnline growth is a comforting thought for DunelmEmma PowellFriday October 15 2021, 12.01am BST, The TimesYou can see why Dunelm trumpets its growing online sales so loudly, because getting there was a hard slog. To judge by the market plaudits, the protracted and costly integration of the homeware retailer's loss-making Worldstores deal has been forgiven.Lockdowns made the timing of that acquisition, sought by management for the target's more sophisticated online systems, fortuitous. Post-lockdown, the retailer has managed to hang on to the boost given to its website business, which accounted for a third of group sales during its first quarter and pushed the overall figure ahead of analysts' expectations. The deal has been credited with a smoother launch of click-and-collect.Stripping out online sales shows that store revenue was 15 per cent higher in the first quarter than in the same period of 2019. There's likely an element of pent-up spending by people that had built up their savings during the pandemic.A boom in sales over the past 18 months has helped to almost double the FTSE 250 group's shares in the past two years. Priced at about 18 times forecast earnings for this year, Dunelm is more highly valued than peers that are still struggling to take proper advantage of the shift by customers to online. But a descent in its market valuation from an earnings multiple that touched 35 in September last year acknowledges that the easy gains made during the pandemic might not last.Underlying revenue growth is expected to ease - analysts expect a rate of 9.5 per cent this year, falling to between 5 per cent and 6 per cent in 2023 and 2024. Then again, that level of top-line growth trumps what's expected of Marks & Spencer, DFS or even Kingfisher and is more akin to Next, lauded as one of the few high street names to make "omni-channel retail" look like more than industry jargon.What Dunelm can boast is an efficient use of its capital and low rent costs that have come with occupying out-of-town retail parks. That has made the business highly cash-generative - last year cash from its operations was equivalent to 143 per cent of after-tax profits. Resisting the urge to splurge on fancy locations and store fitouts means that pre-tax profits are forecast to rise faster annually than revenue over the next three years.That bodes well for shareholder returns and Dunelm has a habit of paying special dividends. Last year's payment, including a 65p special return, totalled 100p. Higher capital expenditure means that the special payment is expected to be lower this year, with analysts at Berenberg predicting a total dividend of 74p a share. If that's right, it would leave the shares offering a potential dividend yield of 5.7 per cent at the present £12.98 share price, while satisfying a reassuring target dividend coverage ratio of between 1.75 and 2.25 times by earnings.The supply chain problems and cost inflation pressures playing havoc with retail margins are a natural risk, but clogged-up ports and driver shortages haven't hit the group's ranges yet. Stocking less seasonal products means delays to deliveries might sting less than for, say, fashion retailers, which operate by season.What might propel Dunelm's shares further? Sight of it achieving a 2017 target to boost sales to £2 billion might be one. Evidence that it can raise the proportion of online sales is another.The market was nonplussed at Dunelm's forecast-beating first-quarter figures - a high earnings multiple can have that effect - but there's at least more substance to Dunelm's business than some of the puffed-up "pandemic winners".Advice HoldWhy A higher earnings multiple than some other peers is justified by superior cash generation and a better dividend
tole: Dunelm can continue to outperform, says Peel HuntHomeware retailer Dunelm (DNLM) has delivered another strong quarterly update and Peel Hunt says it will continue to outperform.Analyst John Stevenson retained his 'buy' recommendation and target price of £17.50 on the stock, which slipped 0.2%, or 2p, on Thursday to close at £12.98.The group reported 8.3% sales growth in its first-quarter update, covering late June to late September, and Stevenson said it was 'well placed to keep outperforming'.'Dunelm's focus on the core offer and the customer is yielding very positive results, with growth in active customers, market share, and a clear opportunity to drive greater share of wallet and frequency,' he said.'Dunelm is trading on 18x price-to-earnings ratio, on our forecasts, a discount to structural growth peers such as Pets at Home (PETS) and JD Sports (JD).'
tole: https://citywire.co.uk/funds-insider/news/expert-view-sse-asos-dunelm-currys-and-volution/Berenberg initiates on 'structural winner' DunelmBerenberg has initiated coverage on Dunelm (DNLM), which the broker says is the standout performer in UK homeware retail, with recent share price weakness offering an 'attractive' entry point.Analyst Thomas Davies initiated coverage with a 'buy' recommendation and target price of £16.20 on the stock. The shares closed down 1.3%, or 17p, at £12.52 on Monday, extending a slide over the last month.'We expect Dunelm to continue its market share consolidation, outperforming the market – with its well-invested omnichannel proposition providing a competitive advantage over its digital peers,' said Davies.The analyst said the stock offered 'one of the [strongest] return on invested capital profiles in European retail' and its cash-generative business 'should support additional capital returns'.'We believe that the recent downturn in the share price has provided an attractive entry point into a structural winner,' he added.
big_cat: Isn't it the case that the dividend cut-off was this morning before market opened?
idiotsinthe darkrizandlintard: This is what worries me - It should have gone up today into the divi. Obviously there is an expectation that there will be a sell off after divi. I have another stock that in a few weeks time gives out a BIG Divi - actually it is a special dividend equivalent to 36%! If this goes ex really bad I think I will unload that before the ex date although I accept that you cannot extrapolate. Anyway - GL all for tomorrow.
idiotsinthe darkrizandlintard: Yes - 65p in total - I am worried that it will weaken more than the dividend tomorrow given that some income funds might sell it after the divi and it has had a great run since the results.
sarahbudd: Am I right in thinking that shares bought today with receive special dividend.. ?Ex div date being tomorrow
bartyb: Dont forget 65p dividend date this week
tole: Dunelm escaping supply chain issues, says AJ BellDunelm (DNLM) is delighting investors by dishing out dividends and, unlike its retail peers, seems to have avoided supply chain issues.The shares jumped 12.8%, or 165p, to close at £14.51 after the homeware retailer announced it was returning £178m to shareholders after enjoying sales of £1.3bn in the 2021 financial year, up from £1bn in 2020.Dunelm enjoyed a bumper year despite physical stores being shut for more than a third of the period as online shopping picked up the slack.AJ Bell analyst Russ Mould said: 'Dunelm has been busy restocking its warehouses after strong demand in its 2020 financial year ran down stockpiles, and it seems to have escaped any problems [on the supply] front.'It pays close attention to stock levels to ensure it can meet customer demand and management has also been working hard to mitigate inflationary cost pressures from raw materials, freight costs and driver shortages across its industry.'
tole: https://citywire.co.uk/funds-insider/news/the-expert-view-dunelm-kainos-burberry-barratt-and-provident-financial/a1530905Peel Hunt: Dunelm is 'dividend ready'After a strong pandemic performance, homeware retailer Dunelm (DNLM) looks set out to pay out bumper dividends, says broker Peel Hunt.Analyst John Stevenson reiterated his 'buy' recommendation and target price of £17.50 on the stock, which closed down 6.3%, or 90p, at £13.49 on Wednesday after a quarterly update that showed revenues up 43.9% against 2019. Profit for the full year is expected to be £158m, or £9m ahead of Stevenson's previous forecast.The analyst said the cash balance of £129m is also ahead of expectations and 'management is committed to a return to published capital policies'.'Historically, this would mean gearing up to...and paying out surplus cash as a special. In reality, we would expect some caution given uncertainty as to whether any Covid-19 restrictions might return over winter,' he said. However, by the company's 2022 financial year, Stevenson expects the retailer to hold cash of over £350m, and has 'pencilled in combined financial year 2021 and 2022 dividend payments of £270m' by September 2022. Dunelm could end up paying out even more 'given the current strength of the balance sheet', he added.
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