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Company News Summary

Brambles Announces AGM - Chair and CEO Address to Shareholders

19 Oct 2021  |  15:20:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: AGM - Chair and CEO Address to Shareholders

Brambles announced that inspite of operating and cost tests, the Company delivered FY2021 result comprising sales revenue growth of 7%, underlying profit growth 8% and an increase in Free Cash Flow generation. The Board declared total dividends for FY2021 of US$20.5 cents per share, with the Australian dollar equivalent of A$27.32 cents per share, franked at 30%. This resulted in a payout ratio for the year of 54%, which is in line with the Company's dividend policy to target a payout ratio of 45-60% of underlying profit after finance costs and tax. During the year 2021, the Company continued to return IFCO sale proceeds to shareholders through the on-market share buy-back programme. To date, Company has bought back and cancelled 168m shares for a total consideration of A$1.9bn.

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