Costain Group PLC - Maidenhead, Berkshire-based construction and engineering firm - Declares 0.4 pence per share interim dividend, resuming payouts to shareholders for the first time since the Covid-19 pandemic. In announcing its half-year results late last month, Costain had said it was considering the resumption of dividends, despite a 24% decline in pretax profit for the six months that ended June 30 from to GBP8.5 million from GBP11.2 million a year before. However, an improvement in operating performance, the positive outcome of a pension review, and refinancing of debt made resumed payouts possible, Costain had said at the time. The last payout prior to Covid was a 3.8p interim dividend for 2019.
Current stock price: 58.98p, up 1.3% in London on Tuesday at midday
12-month change: up 47%
By Tom Waite, Alliance News editor
Comments and questions to newsroom@alliancenews.com
Copyright 2023 Alliance News Ltd. All Rights Reserved.
Costain (COST)