James Halstead (AIM:JHD) – usual reassuring update from AIM Blue Chip
The AIM quoted commercial flooring group has issued its now customary reassuring trading update.
JHD has been a key holding in many IHT planning portfolios
It is the Company’s centenary year, which is expected to be a new record in terms of turnover and profit - with turnover currently approx. 5% ahead of the comparative year.
The 7p dividend being paid today is an increase of 16.7% on the prior year with management suggesting a dividend increase in the current year which will be the 40th year of growth – fantastic!