14th May 2020 17:29
(Alliance News) - ContourGlobal PLC on Thursday confirmed its earnings guidance and reiterated its planned increase in its 2020 dividend payout.
The power generation operator said it expects to report 2020 adjusted earnings before interest, tax, depreciation, and amortisation of between USD710 million to USD745 million, representing an increase from USD703 million reported for 2019. It added that it expects to increase its annual dividend payout by 10% from 3.6901 US cents.
ContourGlobal intends to release its trading update for the first quarter of 2020 on May 15, pushed forward from the originally scheduled date of May 28.
The stock closed 3.6% lower at 154.20 pence each on Thursday in London.
By Ife Taiwo; [email protected]
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