Senior raises dividend by 30 percent as profit beats

The aerospace parts maker increased its final dividend following strong annual results and confirmed it is reviewing several takeover proposals from bidders.

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Engineering firm SENIOR PLC has announced a significant 30% increase in its final dividend following annual profit results that exceeded market expectations. The United Kingdom-based manufacturer of aerospace components reported an adjusted operating profit of 63.6 million pounds ($85.1 million) for the fiscal year ending December 31, representing a 20% year-on-year increase and surpassing the 59.44 million pounds anticipated by analysts.

The logo of Senior Plc is pictured in a 2023 illustration. REUTERS/Dado Ruvic/Illustration
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