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Dividend increased by 33% at Wolseley

By BFN News | 11:57 AM | Tuesday 27 March, 2012

Trading profit in the six months to January 31 2012 were £310m, 13% ahead of the same period last year. There was continued strong growth in the US but weakness in Europe. Gains were achieved in productivity with strong flow-through of incremental revenue to trading profit. Underlying trading margin for the ongoing businesses was 5.0%, 0.4% higher than last year. The interim dividend has been increased by 33% to 20p per share. At 11:57am: (LON:WOS) Wolseley share price was -11.5p at 2507.5p Story provided by