Dicker Data (ASX:DDR) raise dividend by 50%

Company News

by Rachael Jones

Dicker Data (ASX:DDR) today announced its results for the year ended 31 December 2019 showing net profit before tax is up 67.3 per cent to $54.3 million.

Total revenue from ordinary activities was $1.76 billion, up 17.9 per cent.

The strong revenue and profit growth, exceeded updated guidance provided in October 2019.

Dividends rose by 50 per cent to 27 cents per share.

Shares in Dicker Data (ASX:DDR) are trading 2.6 per cent lower at $6.09.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.