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HEAD Headlam Group Plc

220.00
-4.00 (-1.79%)
03 Oct 2023 - Closed
Delayed by 15 minutes

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Dividends

Announcement Date Type Currency Amount Ex-Dividend Date Record Date Payment
08/3/2023 Dividend income or Cash Dividend GBP 0.112 11/5/2023 12/5/2023 02/6/2023
06/9/2022 Dividend income or Cash Dividend GBP 0.062 27/10/2022 28/10/2022 28/11/2022
09/3/2022 Dividend income or Cash Dividend GBP 0.177 05/5/2022 06/5/2022 27/5/2022
09/3/2022 Dividend income or Cash Dividend GBP 0.086 05/5/2022 06/5/2022 27/5/2022
02/9/2021 Dividend income or Cash Dividend GBP 0.058 28/10/2021 29/10/2021 29/11/2021
09/3/2021 Dividend income or Cash Dividend GBP 0.02 06/5/2021 07/5/2021 28/5/2021
05/3/2020 Dividend income or Cash Dividend GBP 0.00 04/6/2020 05/6/2020 01/7/2020
28/8/2019 Dividend income or Cash Dividend GBP 0.0755 28/11/2019 29/11/2019 02/1/2020
16/1/2019 Dividend income or Cash Dividend GBP 0.1745 06/6/2019 07/6/2019 01/7/2019
23/8/2018 Dividend income or Cash Dividend GBP 0.0755 29/11/2018 30/11/2018 02/1/2019
Dividends data is taken only from official company reports.

Top Dividend Posts

Top Posts
Posted at 06/9/2023 12:44 by tomps2
Headlam Group (HEAD) Half Year results presentation - September 2023

Headlam Group Chief Executive, Chris Payne and Chief Financial Officer, Adam Phillips present results for the the first six months of the year to 30 June 2023, followed by Q&A.

Watch the video here:

Or listen to the podcast here:
Posted at 29/8/2023 09:28 by tomps2
Headlam Group (HEAD) H1 webinar

Tuesday, 5 September, 11:30am

A presentation by Chris Payne, Chief Executive and Adam Phillips, CFO will be followed by Q&A.

Register here: bit.ly/HEAD_H1_23_webinar
Posted at 28/7/2023 10:55 by essentialinvestor
I first bought Headlam at 76 pence circa 1992, so know the business well,
however do not have a comprehensive understanding of current industry trends,
so the recent discussion here has been very helpful.


Possibly looking at a secular rather than just cyclical challenge?.


HEAD in the past has been a cracking buy near a cyclical cycle low, but now
if this is a longer term secular headwind with changing industry trend, that is something new.
Posted at 28/7/2023 09:39 by castleford tiger
Ordinary dividend Recognising shareholders' expectation of
income for dividend income due to the cash generative
shareholders nature of the Company, market leading position,
and relatively modest investment required
to deliver on the strategy. A targeted
bi-annual distribution (paid out of cash)
and cover ratio of around 2x earnings for
the total annual pay out (higher weighting
to final dividend). On an ongoing basis,
is considered against the prevailing economic
environment and market backdrop, and could
be adjusted accordingly.

Last year half the earnings were paid out to give a final dividend of 17.4p.

Profit was 35/40m depending on which measure you use.
Therefore we need to get to 18m or so to maintain the dividend ( whilst paying all earnings out)
This does look value ,but are they suffering with LIKE and others taking market share.?

I think under 200p they look very good value but there maybe more bad news to come as the big ticket items come under more pressure.

So for now i am on the side lines waiting to see the business become more stable.

tiger
Posted at 27/7/2023 23:13 by slopsjon2
They are maintaining the dividend, so the cover is reduced. A lot of companies wouldn't even mention the cover in relation to the divi and still keep paying it when it's below 1 even if they have to borrow money to pay it like IBPO. Shareholders got shafted at IPBO.
Posted at 27/7/2023 22:52 by jeffian
Other way round, surely? If they cut the dividend 'cover', it goes from 2 to 1? Isn't what they're saying that they will maintain the dividend even if that reduces their stated target of "the Company's targeted cover ratio of around 2x earnings."?
Posted at 27/7/2023 22:37 by bda3490
Had to respond to dividend cover being increased. That means retained earnings will be higher than dividend - basically cut. So if dividend cover was one and goes to 2 that’s half the dividend . I think
Posted at 27/7/2023 08:28 by thelongandtheshortandthetall
'the Company intends to temporarily lower its dividend cover in respect of the ordinary dividend payment for FY23 to that of pre COVID levels.'

I read this as dividend maintained.
Bought a couple at 199p
Posted at 26/5/2023 10:04 by 1tx
The reasons for the fall in net cash was special dividend,cost approx £15m.A £15m share buy back programme which was carried out,£10m in 2022, or provided for £5m during 2022 financial year;a fall in trade liabilities of around £30m,spending on property & plant also increased.The surplus cash had built up over a number of years but was also increased by the reduction in dividends in 2021 as in line with most other companies the dividend was cut during Covid period.

Property values for the type of modern warehouse buildings that in the main comprise Headlams property remain strong.

In my opinion the shares are inexpensive & the company is not in need of additional capital to support its present or likely future plans.It has bought out businesses over the years including one this year but they have been paid for out of cash flow.Obviously the shares could become more inexpensive!!!
Posted at 25/5/2023 22:30 by arthur_lame_stocks
The cash position doesn't concern me altogether, there was a large adverse movement in working capital, mainly from paying their creditors as well as money spent on the share buyback and I think a special dividend.

I guess the dividend could be under threat if trading is particularly poor this year but I think the company is strong enough to survive a downturn in trading ok.

The thing that has piqued my interest in these shares again is that they now appear to be trading at a discount to TNAV again and that is not counting the fact that the property portfolio was recently valued at a significant premium to the book value (although I wouldn't like to guess where property values are headed over the next 18 months).

I don't think there's any need to rush to buy the shares yet, there could well be a more concrete profit warning later in the year.

I'll monitor these.
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