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 l...

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