ContourGlobal lifts dividend as FY profits rise

by | Mar 19, 2021

westminster

US power generation firm ContourGlobal lifted its dividend as it reported a rise in annual adjusted core earnings boosted by its acquisition of Mexican CHP assets.

The company on Friday reported a 3% rise in adjusted earnings before interest, tax, depreciation and amortisation to $722m for the year to December 31. Pre-tax profit increased by $12.9m to $72.3m and the dividend was lifted 10% to 4.05 cents a share, in line with its dividend growth policy.

Looking ahead, the company expected 2021 adjusted EBITDA to be $770m – $800m.

Equivalent to $26.6m, the dividend “reflects the Group’s target of 10% year-on-year dividend growth supported by ContourGlobal’s strong and predictable cash flow generation”, the company said in a short statement.

The dividend will be paid on April 19 to shareholders on the register at April 6.

Related articles

Ryanair passenger numbers jump 9% in December

Ryanair passenger numbers jump 9% in December

(Sharecast News) - Budget airline Ryanair reported a 9% jump in December passenger numbers on Wednesday. Traffic rose to 12.54 million from 11.52m in the same month a year earlier, while the load factor - which gauges how full the planes are - ticked down to 91% from...

Wizz Are passenger numbers soar in December

Wizz Are passenger numbers soar in December

(Sharecast News) - Hungary-based budget airline Wizz Air reported a strong rise in December passenger numbers as demand continued to rebound from the Covid pandemic. The company on Wednesday said it carried 4,964,857 passengers, an 18.8% increase year on year. For the...

Trending stories

Join our mailing list

Subscribe to our mailing list to receive regular updates!

x