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Headlam to restore dividend and almost double trade counters

Headlam2021Headlam is to almost double the number of its trade counters as it looks to benefit from retailers’ willingness to click and collect, rather than rely on deliveries.

The group says it will add 10 sites to its UK network of 53 by the end of the year, with plans for 90 by 2025.

It says UK residential sales rose by 9.3% in the second half of the year, after the first half was hit by lockdown, with UK residential sales for the year to 31 December down 10.8%.

Shareholders were told that dividend payments will resume in May, with an ‘nominal’ 2p a share. It expects to pay an interim dividend for 2021 and then return to earning’s related dividends from 2022.