Special dividend prospects at Dunelm

dunelm

There has been plenty of positive trading news from furnishings and homewares retailer Dunelm (LON: DNLM) over the past year and the full year results on Wednesday could include news of a special dividend.

Strong cash generation means that debt has been reduced significantly since the end of June 2018. Dunelm has said that net debt was £25.3m at the end of June 2019, down from £124m the previous year.

There was an element of favourable working capital movements and timing of capex in the latest Dunelm net debt figure. Even so, the underlying figure is around £40m, which is much better th...

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Andrew Hore
Andrew Hore is the publisher of AIM Journal, which is an online monthly publication covering the Alternative Investment Market.