Cranswick plc Proposes Final Dividend for the Year Ended March 31, 2018, Payable on September 7, 2018; Announces Retirement of Steven Esom as Non-Executive Director
May 22, 2018 at 02:00 am EDT
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The board of Cranswick plc is proposing to increase the final dividend to 38.6 pence per share from 31.0 pence previously, an increase of 24.5%. Together with the interim dividend, which was raised by 15.3% to 15.1 pence per share, this gives a total dividend for the year of 53.7 pence per share, an increase of 21.8% on the 44.1 pence per share paid last year. This is the 28th consecutive year of dividend growth. The final dividend, if approved by Shareholders, will be paid on 7 September 2018 to Shareholders on the register at the close of business on 20 July 2018.
The company also announced that Steven Esom will have served as a Non-Executive Director for 9 years in November 2018 when he intends to retire from the Board.
Cranswick plc is a United Kingdom-based food producer company, which is engaged in manufacturing and supplying food products to United Kingdom grocery retailers, the food service sector and other United Kingdom and global food producers. It offers various products, such as fresh pork, fresh chicken, coated chicken, ready-to-eat chicken, gourmet sausage, gourmet bacon and gammon, gourmet pastry, cooked meats, charcuterie, olives and antipasti, ambient Mediterranean, and houmous and dips. Its brands include Bodega, Cypressa and Ramona. The Bodega brand provides snacks and sharing boxes, which are available in Italian, German and Spanish flavors. The Cypressa offers olives, antipasti, olive oils and vinegars, cheese, tahini, nuts, seeds and dried fruits; cereals and pulses; snacks and sweets; and wrap kits. The Ramona brand's products include houmous, falafel, dips and burgers. It also produces pet food and supplies a number of brands, including its own brands, Vitalin and Alpha Feeds.
Cranswick plc Proposes Final Dividend for the Year Ended March 31, 2018, Payable on September 7, 2018; Announces Retirement of Steven Esom as Non-Executive Director