A new CEO appointment follows other board changes; with tough UK conditions set to persist, operational improvements, international growth and brand development are all firmly on the agenda and a refreshed strategic update will come from the new team later in the year. With a broadly maintained payout ratio in FY19, lower earnings drove a similar reduction in dividends. With lower earnings anticipated in FY20, the company is trading on a prospective 3.8% dividend yield and a 7.8x P/E.
18 Apr 2019
Walker Greenbank - Tough FY19, dividends rebased
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Walker Greenbank - Tough FY19, dividends rebased
Sanderson Design Group PLC (SDG:LON) | 103 0 0.0% | Mkt Cap: 73.9m
- Published:
18 Apr 2019 -
Author:
Toby Thorrington -
Pages:
6
A new CEO appointment follows other board changes; with tough UK conditions set to persist, operational improvements, international growth and brand development are all firmly on the agenda and a refreshed strategic update will come from the new team later in the year. With a broadly maintained payout ratio in FY19, lower earnings drove a similar reduction in dividends. With lower earnings anticipated in FY20, the company is trading on a prospective 3.8% dividend yield and a 7.8x P/E.