Insolvency specialist Begbies Traynor (LON:BEG) raised its annual dividend for the first time since 2011 as it reported a 283% rise in profit before tax to £2.3 million for the full year.
The AIM traded company proposed a 9% increase in its total dividend for the year, to 2.4p per share, after a year that saw a 5.4% rise in revenues to £52.4 million.
“We anticipate continuing our track record of earnings growth in the new financial year, with the benefit of a full year contribution from our recent acquisitions together with growth from our ongoing investments. Overall, we remain in a strong position to invest in further opportunities given our financial resources,” commented Executive Chairman Ric Traynor.
Begbies Traynor shares were down 2.2p at 67.2p as at 14:56 BST.