Dicker Data (ASX:DDR) raise dividend by 50%

28FebFebruary 28, 2020

Dicker Data (ASX:DDR) raise dividend by 50%

Dicker Data (ASX:DDR) today announced its results for the year ended 31 December 2019 showing net profit before tax is up 67.3 per cent to $54.3 million.

Total revenue from ordinary activities was $1.76 billion, up 17.9 per cent.

The strong revenue and profit growth, exceeded updated guidance provided in October 2019.

Dividends rose by 50 per cent to 27 cents per share.

Shares in Dicker Data (ASX:DDR) are trading 2.6 per cent lower at $6.09.

Copyright 2020 – Finance News Network

Source: Finance News Network

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