(Alliance News) - 4imprint Group PLC on Wednesday upped its dividend payout, thanks to higher annual revenue and profit.
The London-based marketer and distributor of promotional products reported that revenue in 2023 jumped 16% to USD1.33 billion from USD1.14 billion a year earlier.
Pretax profit climbed 36% to USD140.7 million from USD103.7 million.
On the back of the results, 4imprint upped is final dividend to 150 US cents, up from 120 cents a year earlier. This brings the full dividend to 215 cents from 160 cents.
"The group has made significant operational and financial progress in 2023, reflecting a clear strategy and a highly resilient business model," said Chair Paul Moody.
"Trading results in the first two months of 2024 have been in line with both the board's expectations and consensus forecasts. We are confident that we will continue to take market share."
Shares in 4imprint were down 0.7% to 5,810.00 pence each in London on Wednesday morning. In the last 12 months, the stock is up 35%.
By Sophie Rose, Alliance News senior reporter
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4Imprint (FOUR)