Share Prices & Company Research

Market News

28 May 2021 | 07:05

AG Barr trades in line, plans dividend restart

(Sharecast News) - AG Barr said trading was in line with expectations and that it planned to restart dividends in this financial year after the easing of lockdown restrictions for the hospitality sector. Despite lockdown restrictions in place for much of the first quarter, sales of soft drinks such as Irn Bru have been relatively strong since the start of the financial year in late January, the beverage maker said.

Sales direct to consumers of AG Barr's Funkin cocktails were strong and the range's on-trade sales were a cause for optimism about the hospitality sector, the company said in a statement before its annual general meeting.

"Current trading is encouraging," AG Barr said. "Our balance sheet remains strong and we remain committed to our plan to recommence dividend payments during the current financial year."

AG Barr said it would update investors on its plans for the dividend in early August and that it was confident about its prospects for the year.
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
Continuing our Personal Service: View our Latest COVID-19 Update: 7th October 2021
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.