James Halstead (AIM:JHD) - AIM’s blue chip issues positive results and a record dividend
The AIM listed manufacturer and international distributor of commercial floor delivered positive interim results and a record interim dividend. The growing cash pile suggests investors could be in for a nice special dividend in the not too distant future!
James Halstead plc is a major international group of companies that manufacture many of the notable brands in commercial, contract and consumer flooring. Chief Executive, Mr. Mark Halstead reminded us that the Group has been manufacturing for 100 years, 67 years as a quoted company, and is in its 40th year of increased dividend. This company was founded on 10 May 1915 and based at Crow Oak Works, Radcliffe the town on the outskirts of Manchester where it still has a manufacturing site some 100 years later. Management commented how the Group’s humble beginnings were as a business based on…