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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Centrica    CNA   GB00B033F229

CENTRICA (CNA)
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Centrica : UK Centrica CEO expects to maintain current dividend level

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06/14/2018 | 04:03pm CEST

LONDON (Reuters) - British energy supplier Centrica said it expects to maintain its dividend at its current level, the company's chief executive Iain Conn said on Thursday.

The company stepped up plans for job cuts and cost savings in February after posting a 17 percent fall in 2017 operating profit, leading to questions over its ability to maintain its dividend.

"We expect to be able to pay the current level of dividend," Conn said at the FT Energy Transition Strategies Summit in London.

He said the dividend would be subject to the company achieving adjusted operating cash flow and net debt within its targeted range.

Analysts at Jefferies said in a research note this week it expects Centrica to continue to generate 2.1 billion pounds ($2.80 billion) of adjusted operating cash flow and deliver its 12 pence dividend per share.

(Reporting by Susanna Twidale; Editing by Alexander Smith)

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Financials ( GBP)
Sales 2018 28 434 M
EBIT 2018 1 475 M
Net income 2018 633 M
Debt 2018 3 119 M
Yield 2018 7,73%
P/E ratio 2018 11,66
P/E ratio 2019 12,43
EV / Sales 2018 0,42x
EV / Sales 2019 0,42x
Capitalization 8 704 M
Chart CENTRICA
Duration : Period :
Centrica Technical Analysis Chart | CNA | GB00B033F229 | 4-Traders
Technical analysis trends CENTRICA
Short TermMid-TermLong Term
TrendsBullishBullishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 18
Average target price 1,52  GBP
Spread / Average Target -2,1%
EPS Revisions
Managers
NameTitle
Iain C. Conn Chief Executive Officer & Director
Richard Neil Haythornthwaite Chairman
Jeff Bell Group Chief Financial Officer & Director
Mike Young Group Chief Information Officer
Mark Hanafin Group Executive Director & CEO- Centrica Business
Sector and Competitors
1st jan.Capitalization (M$)
CENTRICA13.00%11 552
ELECTRICITÉ DE FRANCE7.63%39 257
ENGIE-7.57%37 521
NATIONAL GRID PLC-4.88%37 083
SEMPRA ENERGY5.77%29 731
ORSTED11.07%24 457