Marshalls ups dividend as revenue tops £430m

Elland, West Yorkshire-based landscaping products company Marshalls plc said its 2017 revenue rose 8% to £430.2 million and profit before tax was up 13% to £52.1 million.

Marshalls’ board is recommending a final dividend of 6.80p per share which makes a total ordinary dividend for the year of 10.2p, an increase of 17%.

Marshalls’ board is also recommending a supplementary dividend of 4p per share for 2017.

Marshalls CEO Martyn Coffey said: “The group has again delivered strong profit growth year-on-year. 

“Good progress has been made in the year executing the 2020 Strategy, notably the acquisition of CPM, and the ongoing self help programme to drive organic growth is progressing well. 

“The underlying drivers have remained positive in our main end markets and our sales and order intake have been strong in the first two months of 2018.

“We remain well placed to deliver continued growth and operational profit improvements.”