Churchill China declares dividend as strong trading continues

Ceramic products manufacturer Churchill China said on Tuesday that the improved trading performance referred to in its annual general meeting had been maintained throughout June.

Churchill said revenues in both May and June had recovered to 2019 levels, with the group also continuing to enjoy "a good forward order book".

The AIM-listed firm said its improved performance reflected progress across the UK, Europe and our other export markets.

However, Churchill said it remains mindful that the Covid-19 pandemic continued to "introduce a degree of uncertainty" into its assessment of future market and operational conditions.

Churchill stated that given its first-half performance, along with its "strong financial position", it had chosen to declare an interim dividend of 6.7p per share after having held off in 2020.

As of 0930 BST, Churchill shares were up 1.31% at 1,735.0p.