SIG » Topics » Dividends

This excerpt taken from the SIG 6-K filed Sep 9, 2009.

6. Dividends

 

13 weeks ended

13 weeks ended

26 weeks ended

26 weeks ended

 

August 1, 2009

August 2, 2008

August 1, 2009

August 2, 2008

Final dividend paid of 6.317c per share on July 3, 2008

-

107.4

-

107.4



Dividends are not provided for until they are declared and formally approved.

This excerpt taken from the SIG 20-F filed Apr 1, 2009.

8. Dividends

 

     Fiscal
2009
   Fiscal
2008
   Fiscal
2007
     $m    $m    $m

Final dividend paid of 6.317c per share (2008: 6.317c; 2007: 2.8875p)

   107.4    107.6    94.2

Interim dividend paid of 0.96c per share (2008: 0.96c; 2007: 0.4434p)

   16.4    16.3    14.5
              
   123.8    123.9    108.7
              

A dividend of 6.317c per share was paid on July 3, 2008 in respect of the final dividend declared for fiscal 2008. An interim dividend of 0.96c for fiscal 2009 was also paid on November 7, 2008. No final dividend is proposed for fiscal 2009.

 

135


Table of Contents

Notes to the financial statements (continued)

 

This excerpt taken from the SIG 6-K filed Apr 1, 2009.

6. Dividends

 

13 weeks
ended

13 weeks
ended

52 weeks ended

52 weeks
ended

 

January 31,
2009

February 2,
2008

January 31, 2009

February 2,
2008

 

$m

$m

$m

$m

         
         

Final dividend paid of 6.317c per share (2008: 6.317c)

-

-

107.4

107.6

Interim dividend paid of 0.96c per share (2008: 0.96c)

16.4

16.3

16.4

16.3

         
 

16.4

16.3

123.8

123.9

         
         

This excerpt taken from the SIG 6-K filed Mar 25, 2009.
and dividends 
The net loss for fiscal 2009 was 
$
393.7 
million
 (fiscal 2008: $219.8 million net income). Excluding the impairment to goodwill and relisting costs, net income for fiscal 2009 was $133.7 million (fiscal 2008: $219.8 million), see note 11
.  
O
n a reported basis
,
 
both basic and diluted loss per share
 w
as
 
$4.62
 (
fiscal 200
8
 earnings per share
basic $2.58 and
 
diluted $2.55
).
  Basic and diluted e
arnings per share excluding 
the impairment to goodwill and relisting costs
 
were
 
both $1.57
, see note 11. In the light of economic prospects and financial market conditions, as well a focus on debt reduction, the Board concluded that it is not currently appropriate to pay dividends. This policy is reflected in the amended borrowing agreements.

This excerpt taken from the SIG 6-K filed Jul 24, 2008.

Dividends

 

Following implementation of the Proposal, Signet Jewelers Limited intends to adopt a dividend policy that will continue to take into account the needs of the business including its store development programme, the significant competitive advantages of a strong balance sheet, as well as the wider economic environment. The board of Signet Jewelers Limited will also take account of the payout ratio of US listed speciality retailers, which are typically lower than in the UK. The board of Signet Jewelers Limited may also consider the repurchase of shares from time to time.

 

Signet currently intends to declare an interim dividend of 0.96 cents per share when it announces its 6 months results to 31 July 2008 on 3 September 2008. It is intended that this interim dividend distribution by Signet will be passed on to shareholders by Signet Jewelers Limited in November 2008. A final dividend will be considered by Signet Jewelers Limited at the time of the full year results for 2008/09 in March 2009. In subsequent years the board of Signet Jewelers Limited intends to declare quarterly dividends.

 

For more details on dividends please refer to paragraph 9 of Part II of this document.

 

This excerpt taken from the SIG 20-F filed May 9, 2008.

10. Dividends

In accordance with IAS 10 ‘Events after the balance sheet date’ proposed dividends are not provided for until they are formally approved.








  2008   2007   2006  
  $m   $m   $m  







             
Final dividend paid of 6.317c per share (2007: 2.8875p; 2006: 2.625p) 107.6   94.2   81.9  
Interim dividend paid of 0.96c per share (2007: 0.4434p; 2006: 0.4125p) 16.3   14.5   13.0  







  123.9   108.7   94.9  







During 2007/08, a dividend of 6.317 cents per share was paid on 6 July 2007 in respect of the final dividend declared for the 53 week period ended 3 February 2007. An interim dividend of 0.96 cents for the 52 week period ended 2 February 2008 was also paid on 9 November 2007. The 2006/07 interim dividend was translated at the exchange rate on 3 November 2006.

Subject to shareholder approval, a proposed final dividend of 6.317 cents per share will be paid on 3 July 2008 to those shareholders on the register of members at the close of business on 23 May 2008. The accounts for the 52 week period ended 2 February 2008 do not reflect this proposed dividend, which will be treated as an appropriation of retained earnings in the 52 week period ending 31 January 2009. For shareholders who wish to receive the proposed final dividend in pounds sterling, the actual amount will be calculated using the exchange rate as derived from Reuters at 4.00 p.m. on the record date of 23 May 2008.

Dividends received by individual US shareholders from qualified foreign corporations are subject to US federal income tax at a reduced rate of 15%. Dividends paid by the Group to individual US holders of shares or ADSs should qualify for this preferential dividend treatment. This US tax legislation only applies to individuals subject to US federal income taxes and therefore the tax position of UK shareholders is unaffected. Individual US holders of shares and ADSs are urged to consult their tax advisors regarding the application of this US tax legislation to their particular circumstances.

 

96 Signet Group plc Annual Report & Accounts year ended 2 February 2008

Back to Contents

   
  Financial statements
   
   
   
This excerpt taken from the SIG 6-K filed May 1, 2008.

10. Dividends

In accordance with IAS 10 ‘Events after the balance sheet date’ proposed dividends are not provided for until they are formally approved.








  2008   2007   2006  
  $m   $m   $m  







             
Final dividend paid of 6.317c per share (2007: 2.8875p; 2006: 2.625p) 107.6   94.2   81.9  
Interim dividend paid of 0.96c per share (2007: 0.4434p; 2006: 0.4125p) 16.3   14.5   13.0  







  123.9   108.7   94.9  







During 2007/08, a dividend of 6.317 cents per share was paid on 6 July 2007 in respect of the final dividend declared for the 53 week period ended 3 February 2007. An interim dividend of 0.96 cents for the 52 week period ended 2 February 2008 was also paid on 9 November 2007. The 2006/07 interim dividend was translated at the exchange rate on 3 November 2006.

Subject to shareholder approval, a proposed final dividend of 6.317 cents per share will be paid on 3 July 2008 to those shareholders on the register of members at the close of business on 23 May 2008. The accounts for the 52 week period ended 2 February 2008 do not reflect this proposed dividend, which will be treated as an appropriation of retained earnings in the 52 week period ending 31 January 2009. For shareholders who wish to receive the proposed final dividend in pounds sterling, the actual amount will be calculated using the exchange rate as derived from Reuters at 4.00 p.m. on the record date of 23 May 2008.

Dividends received by individual US shareholders from qualified foreign corporations are subject to US federal income tax at a reduced rate of 15%. Dividends paid by the Group to individual US holders of shares or ADSs should qualify for this preferential dividend treatment. This US tax legislation only applies to individuals subject to US federal income taxes and therefore the tax position of UK shareholders is unaffected. Individual US holders of shares and ADSs are urged to consult their tax advisors regarding the application of this US tax legislation to their particular circumstances.

 

96 Signet Group plc Annual Report & Accounts year ended 2 February 2008

Back to Contents

   
  Financial statements
   
   
   
This excerpt taken from the SIG 20-F filed May 4, 2007.
Dividends
Under English law, dividends can only be paid out of profits available for distribution (generally defined as accumulated realised profits less accumulated realised losses less unrealised losses) and not out of share capital or share premiums (generally equivalent in US terms to paid-in surplus). At 3 February 2007, after taking into account the subsequently recommended final dividend of 6.317 cents per share, the holding company had a distributable reserves balance of £132.0 million (28 January 2006: £110.3 million).

In order to make further distributions in excess of this figure, the holding company would first need to receive dividends from its subsidiaries. In addition to restrictions imposed at the time of the 1997 capital reduction on the distribution of dividends received from subsidiaries, the payments of dividends from other tax jurisdictions, such as the US, may not be tax efficient. Furthermore, there may be other reasons why dividends may not be paid by subsidiaries to the holding company.

If resolved by the Board (and, in the case of a final dividend, if declared in general meeting) dividends are paid to holders of shares as at record dates that are decided by the Board.

This excerpt taken from the SIG 6-K filed May 4, 2007.
Dividends
Under English law, dividends can only be paid out of profits available for distribution (generally defined as accumulated realised profits less accumulated realised losses less unrealised losses) and not out of share capital or share premiums (generally equivalent in US terms to paid-in surplus). At 3 February 2007, after taking into account the subsequently recommended final dividend of 6.317 cents per share, the holding company had a distributable reserves balance of £132.0 million (28 January 2006: £110.3 million).

In order to make further distributions in excess of this figure, the holding company would first need to receive dividends from its subsidiaries. In addition to restrictions imposed at the time of the 1997 capital reduction on the distribution of dividends received from subsidiaries, the payments of dividends from other tax jurisdictions, such as the US, may not be tax efficient. Furthermore, there may be other reasons why dividends may not be paid by subsidiaries to the holding company.

If resolved by the Board (and, in the case of a final dividend, if declared in general meeting) dividends are paid to holders of shares as at record dates that are decided by the Board.

This excerpt taken from the SIG 6-K filed Apr 5, 2006.

8. Dividends

 

During 2005/06, a dividend of 2.625p per share was paid on 8 July 2005 in respect of the final dividend declared for the year ended 29 January 2005. Also, an interim dividend for the year ended 28 January 2006 was paid on 4 November 2005.

 

Subject to shareholder approval, a proposed dividend of 2.8875p per share will be paid on 7 July 2006 to those shareholders on the register of members at close of business on 2 June 2006. This financial information does not reflect this proposed dividend, which will be treated as an appropriation of retained earnings in the year ending 3 February 2007.

 

    

28 January

2006


   29 January
2005


     £m

   £m

Final dividend paid of 2.625p per share (2005: 2.160p)

   45.5    37.3

Interim dividend paid of 0.4125p per share (2005: 0.3750p)

   7.2    6.5
    
  
     52.7    43.8
    
  

 

Under US tax legislation the rate of US federal income tax on dividends received by individual US shareholders from qualified foreign corporations is reduced to 15%. Dividends paid by the Group to individual US holders of shares or ADSs should qualify for this preferential tax treatment. The change in legislation only applies to individuals subject to US federal income taxes and therefore the tax position of UK shareholders is unaffected. Individual US holders are urged to consult their tax advisers regarding the application of this US legislation to their particular circumstances.

 

17


Notes to the financial results

for the 52 weeks ended 28 January 2006

 

This excerpt taken from the SIG 20-F filed May 3, 2005.
Dividends
Under English law, dividends can only be paid out of profits available for distribution (generally defined as accumulated realised profits less accumulated realised losses less net unrealised losses) and not out of share capital or share premiums (generally equivalent in US terms to paid-in surplus). At 29 January 2005, after taking into account the subsequently recommended final dividend of 2.625p per share, the holding company had a distributable reserves balance of £116.0 million (31 January 2004: £114.8 million).

In order to make further distributions in excess of this figure, the holding company would first need to receive dividends from its subsidiaries. In addition to restrictions imposed at the time of the 1997 capital reduction on the distribution of dividends received from subsidiaries, the payments of dividends from other tax jurisdictions, such as the US, may not be tax efficient. Furthermore, there may be other reasons why dividends may not be paid by subsidiaries to the holding company.

If declared by the Board (and, in the case of a final dividend, if approved by shareholders in general meeting) dividends are paid to holders of shares as at record dates that are decided by the Board.

This excerpt taken from the SIG 6-K filed May 3, 2005.
4. Dividends
Under UK GAAP, dividends are provided for in the year in respect of which they are declared or proposed. Under US GAAP, dividends are given effect only in the period in which they are formally approved.

 

Signet Group plc Annual Review and Summary Financial Statement year ended 29 January 2005 21

Back to Contents

Summary Financial Statement (continued)

Reconciliation of UK to US GAAP (continued)

This excerpt taken from the SIG 6-K filed Apr 6, 2005.

5. Dividends

 

     2005

   2004

     £m

   £m

Interim dividend paid of 0.375p per share (2004: 0.341p)

   6.5    5.9

Final dividend proposed of 2.625p per share (2004: 2.160p)

   45.5    37.3
    
  
     52.0    43.2
    
  

 

The interim dividend was paid on 5 November 2004. Subject to shareholder approval, the proposed final dividend is to be paid on 8 July 2005 to those shareholders on the register of members on 10 June 2005.

 

Under US tax legislation the rate of US federal income tax on dividends received by individual US shareholders from qualified foreign corporations is reduced to 15%. Dividends paid by the Group to individual US holders of shares or ADSs should qualify for this preferential tax treatment. The legislation only applies to individuals subject to US federal income taxes and therefore the tax position of UK shareholders is unaffected. Individual US holders are urged to consult their tax advisers regarding the application of this US legislation to their particular circumstances.

 

18


Signet Group plc

 

Notes

for the 52 weeks ended 29 January 2005

 

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki