These results reflect the multi-product, multi-channel shopping experience customers are looking for today and our proposed acquisition of Home Retail Group plc will accelerate our strategy in this direction. We will: Our other businesses and brands must deliver in their own right and actively support our ambition in food. They appear in a number of places throughout this announcement and include statements regarding our intentions, beliefs or current expectations and those of our officers, directors and employees concerning, amongst other things, our results of operations, financial condition, liquidity, prospects, growth, strategies and the business we operate. Media  We have therefore decided to close permanently our meat, fish and delicatessen counters. 'Ace in the hole' Plus, Tesco sets general meeting date to vote on £5bn special dividend from Asia sale. Groceries Online sales up 102 per cent, Statutory Group sales (excluding VAT) down 1.1 per cent, with fuel sales down 44.6 per cent, Loss before tax £(137) million, reflecting £438 million of one-off costs associated with Argos store closures and other strategic and market changes, Underlying profit before tax £301 million, Retail costs of approximately £290 million to protect customers and colleagues from COVID-19, partially offset by £230 million business rates relief, Non-lease net debt down by £912 million to £267 million, Special dividend of 7.3p to be paid in lieu of final dividend for the 2019/20 financial year, aligned to policy of 1.9x full year dividend cover by underlying earnings, Interim dividend of 3.2p, in line with policy of paying 30 per cent of prior full year dividend, Full year underlying profit before tax now expected to be at least five per cent higher than last year, reflecting stronger than expected sales, particularly at, Lower food prices, focusing on offering customers consistently good value, Accelerate food innovation, tripling the number of new products we launch each year, Profitably grow Groceries Online sales to meet further demand, Increase the rate of new Convenience store and Neighbourhood Hub openings over the next three years, Continue to reduce plastic and food waste and inspire customers to eat healthier products, which will be better for the climate and environment, as we work towards becoming Net Zero by 2040, Close our meat, fish and deli counters, based on reduced customer demand. Dividend cover is a go-to measure of a company's net income over the dividend paid to shareholders. The dividend yield is calculated by dividing the annual dividend payment by the prevailing share price, The table below shows the full dividend history for Sainsbury (J) plc. Such statements are based on current expectations and are subject to a number of risks and uncertainties that could cause actual events or results to differ materially from any expected future events or results referred to in these forward-looking statements. Surely Sainsbury’s is a defensive dividend payer with a long record of unbroken dividend payments and a core supermarket business which is about as dependable as they come? This will require total cost savings significantly higher than £600 million given the need to additionally address inflationary cost pressures, volume-related cost increases and the cost of meeting increasing customer demand for online groceries. SBRY's most recent dividend payment was made to shareholders of record on Friday, December 18. J Sainsbury plc was founded in 1869 and today operates approximately 950 stores comprising around 555 supermarkets and 375 convenience stores. “Our other brands - Argos, Habitat, Tu, Nectar and Sainsbury’s Bank - must deliver for their customers and for our shareholders in their own right. A cover of 1 means all income is paid out in dividends, The Consecutive Annual Dividend Increases - the number of years this company has been increasing its dividends, https://cdn.dividendmax.com/assets/dividendmax-logo-12350abf3d554b5cec79a1ea7b721390c3361d0a1604f0734ff3df5fe9964004.png. This will be paid on 18 December 2020 to shareholders on the Register of Members at the close of business on 13 November 2020. This is a rare income good news story for investors. Retail profits will, however, also reflect a tougher comparative base, investment in improving value for customers and ongoing costs associated with protecting customers and colleagues from COVID-19. The company in question is Sainsbury (SBRY), where I am actually a loyal shopper and would heartily recommend its online delivery capabilities – which I have tapped for the first time in recent months. We are building on the success of integrating Argos stores into Sainsbury’s and accelerating the final stages: By March 2024 we will open up to 150 more Argos stores in Sainsbury’s and add 150-200 more Argos collection points in supermarkets and convenience stores, so that every Sainsbury’s supermarket will have either an Argos store in store or a collection point, As we add more Argos stores and collection points in Sainsbury’s, we will close around 420 Argos standalone stores, reducing the UK Argos standalone store estate to around 100 by March 2024, We are expanding our ambition for Habitat, which will become our main home and furniture brand in Argos and Sainsbury’s, We are accelerating our plans for Nectar, bringing greater support for food and faster profit growth, We expect Financial Services returns and profits to double in five years, despite the challenges of COVID-19, We will transform our approach to costs across the business, delivering a reduction in our retail operating costs to sales ratio of at least two percentage points by March 2024, This will create at least £600 million of annual additional funding by March 2024 to reinvest in the customer offer and deliver improved financial returns. By the end of this year we expect to be able to fulfil 760,000 orders per week and we will continue to grow capacity in order to meet customer demand going forward. This will be paid on 18 December 2020 to shareholders on the Register of Members at the close of business on 13 November 2020. “Given the unprecedented circumstances of this year and the challenges facing our colleagues, including the changes we are announcing today, I have informed the Board that if a bonus is payable, I will waive any bonus entitlement for this financial year. Working closely with our suppliers, we will triple the number of new products and increase speed to market by at least 30 per cent. Sainsbury’s stores have a particular emphasis on fresh food. We will reduce complexity, transform our cost base and ensure that our portfolio of brands supports our focus on food, thereby improving financial performance and delivering stronger shareholder returns. Sainbury's announces an interim dividend of 3.2p, in line with policy of paying 30 per cent of … But how can this be? It co-owns Sainsbury’s Bank with Lloyds Banking Group and has two property joint ventures with Land Securities Group PLC and The British Land Company PLC. Sainsbury announce an interim dividend of 3.3 pence per share, up 6 per cent. Our pizza and patisserie counters remain open and we continue to freshly bake bread in 1,348 stores. We will deliver a step change reduction in our retail operating costs to sales ratio of at least two percentage points by March 2024, creating around £600 million of annualised additional capacity to invest in the customer offer and deliver improved financial returns. We will deliver a step change in efficiency by transforming our approach to costs, simplifying our organisation and delivering a structural reduction in our operating cost base. Tim Fallowfield, Company Secretary and Corporate Services Director, was responsible for the disclosure of this announcement for the purposes of MAR. We will accelerate the pace of change across our business, simplifying our operations, delivering structural cost savings to support investment into our core food offer and driving an inflection in profit momentum. Strategy Update: Driven by our passion for food, together we serve and help every customer. This reflects a strong balance sheet and effective cost management and we remain confident that no capital injections will be required from the Group, We will simplify our business and lower the overall cost base in our operations. The latest Sainsbury (J) plc (SBRY) Ordinary 28,4/7p share price (SBRY). The closure of our meat, fish and delicatessen counters will save at least £60 million in operating costs and will reduce food waste and energy consumption in our stores, Building on last year’s property strategy programme, where we said 10 to 15 supermarkets and 30 to 40 convenience stores would close over two years, we now expect that 15 to 20 supermarkets and 50 to 60 convenience stores will close over the next three years. Special dividend of 7.3p to be paid in lieu of final dividend for the 2019/20 financial year, aligned to policy of 1.9x full year dividend cover by underlying earnings ; Interim dividend of 3.2p, in line with policy of paying 30 per cent of prior full year dividend Cash Dividend Payout Ratio measures the amount of cash dividends that a company pays out in comparison to their total cash flow available to shareholders. Our colleagues have done an exceptional job going above and beyond for our customers every day which is why we are giving our frontline colleagues a second 10 per cent thank you payment. Investor Relations  In Sainsbury’s case, the figures uncannily match: £230 million of rates relief in the first half effectively funding a £160 million special dividend and an interim one worth £71 million. We expect to open 100 convenience stores over the next three years, We expect an inflection in underlying profit momentum, driven by an improved food performance, improved financial services and general merchandise profits, lower interest costs and funding from the accelerated cost savings programmes outlined above, Based on an expectation that the impact of COVID-19 on profits will be limited to the financial year to March 2021, we expect underlying pre-tax profits in the financial year to March 2022 to exceed those reported in the financial year to March 2020, We expect to meet our target of reducing net debt by at least £750 million in the three years to March 2022 while maintaining a policy of paying a dividend covered 1.9x by underlying earnings and to generate average retail free cash flow of £500 million per year over the following three years, Capital expenditure will increase to around £700-750 million per year in the three years to March 2024 to support high returning investments in the transformation of our logistics platform and accelerated restructuring of the Argos store estate, before returning to around £600 million per year, The changes required to our physical infrastructure, store operating models and central structures will incur one-off costs of £900 million to £1 billion in the period to March 2024, of which around £300 million will be cash costs. Whilst we will aim to find alternative roles for as many colleagues as possible, around 3,500 of our colleagues could lose their roles as a result of our proposals. Cash Dividend Payout Ratio Definition. The Board has approved an interim dividend of 3.2p, in line with our policy of paying 30 per cent of prior full year dividend. We expect total non-underlying  costs of around £625 million to be booked in the current financial year, of which around £100 million will be cash costs, Movement in operating costs as a percentage of sales. The previous Sainsbury (J) plc dividend was 7.3p and it went ex 3 months ago and it was paid 1 month ago. We continue to outperform our main supermarket peers and maintain market share in a competitive, deflationary environment. Attractively high yields obviously turn heads - but it’s important to know that a dividend is affordable. These stores will now close permanently. We expect these projects to generate working capital improvements and expect cash generation to remain strong. It employs over 150,000 people. Sainsbury’s toasts stellar Christmas and B&M gives New Year present to shareholders. Sainsbury reduces its 2016 interim dividend by 20%. Customers want tasty food, great quality, low prices and they want to ensure that the food they buy is having the lowest impact on the environment, now and in the future. Stakeholders should also be happy with the end financial result, with an announcement today of a 3.2p interim dividend per share as well as a 7.3p special dividend per share. In September we launched 200 new fresh food products as part of the biggest re-vamp of our fresh food aisles in more than a decade, We closed our meat, fish and delicatessen counters in March as we focused all our efforts on feeding the nation. Enter the number of In April the Sainsbury's Board chose, due to limited visibility at the time on the potential impact of COVID-19 on the business, to defer dividend payment decisions and did not pay a final dividend for the 2019/20 financial year. J Sainsbury plc normally pays an interim dividend each December and a final dividend for the previous financial year in July. Sainsbury’s ... but a special dividend in lieu of the one passed at the full-year numbers. These changes will help us focus on quality, value and availability, while reducing store complexity and waste, We have more than doubled our Groceries Online capacity and volume since March. Rebecca Reilly Unless otherwise required by applicable law, regulation or accounting standard, we do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise. Investments over recent years in digital and technology have laid the foundations for us to flex and adapt quickly as customers needed to shop differently. We want to do our bit to ensure that no one goes hungry at Christmas and to support those most in need. ... and that’s reflected in a big increase in festive sales and the promise of a special dividend for shareholders. Special dividend of 7.3p to be paid in lieu of final dividend for the 2019/20 financial year, aligned to policy of 1.9x full year dividend cover by underlying earnings ; Interim dividend of 3.2p, in line with policy of paying 30 per cent of prior full year dividend Looking beyond this financial year, we will invest significantly to accelerate innovation, improve the quality of our food, lower our prices and meet the growing demand for online groceries. This will structurally reduce our costs by £150 million by March 2024, Moving 150 Argos standalone stores into Sainsbury’s and reducing the number of Argos standalone stores to 100 over the next three years will reduce our operating costs by £105 million by March 2024, Reducing significantly our costs by further adapting our store operating model to better reflect customer demand and the way customers shop in our stores now and in the future. J Sainsbury plc (SBRY.L) pays an annual dividend of GBX 7 per share, with a dividend yield of 2.86%. J Sainsbury deferred a decision on whether to pay its dividend until later in the year and axed bonuses for senior management amid a cautious outlook for its non-food business in particular. We also want to support our communities and those in need and are creating a £5 million community fund for local charities and good causes, in addition to the £7 million we donated to Fareshare and Comic Relief earlier this year. Sainsbury now serves over 22 million customers a week and have a market share of over 16 per cent. Dividend ... B&M said that a further special dividend of 20p per share (equating to approximately £200m in total) will be paid on 29 January 2021. Despite Argos closures dragging the supermarket group to a half-year loss, Sainsbury’s has decided to pay a “catch up” special dividend of 7.3p and an additional 3.2p interim dividend. It is also central to how we understand our customers because it identifies, in real time, how they shop with us and what they want. +44 (0) 20 7695 7295. The company said in December that it would be consolidating its shares when it revealed it would be paying a 32p special dividend to return $250 million to shareholders. Sainsbury’s forecast dividend yield for the year ahead is still a little higher than the others at 4.4%. We will put food back at the heart of our business and will build on the changes we have made as we helped our customers through the COVID-19 pandemic. Some key examples are: Creating a new supply chain and logistics operating model, moving to a single integrated supply chain and logistics network across Sainsbury’s and Argos. We recruit 55,000 Retail colleagues every year and have already hired 52,000 people since March, including 29,000 additional colleagues to support our efforts to feed the nation. But the group’s profit margins are still much lower than either Tesco or Morrisons. Live well for less. We are committed to helping customers to eat more healthy products, which is good for them and good for the climate and the environment. Our clear priority is to build on our strong brand heritage and reputation for quality, range and innovation and offer more consistent value to customers while making shopping more convenient. 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This will be after driving efficiencies to cover inflationary cost pressures, volume-related cost increases and the cost of meeting increasing customer demand for online groceries, We are investing in the integration of our logistics and supply chain network and the accelerated restructuring of the Argos store estate, reducing costs and delivering working capital benefits, Reflecting our commitments to focus our resources and move faster, we are open to partnering or outsourcing where this efficiently accelerates our plans to improve our customer offer, We will continue our track record of strong cash generation, meeting our target of at least £750 million net debt reduction in the three years to March 2022 and generating average retail free cash flow of £500 million per year over the following three years to March 2025, Capital expenditure will increase to between £700 million and £750 million per year in the three years to March 2024 to support high returning infrastructure transformation investments before returning to around £600 million per year, We will incur one off costs from infrastructure, operating model and structure changes of £900 million to £1 billion in the period to March 2024 (approximately £300 million cash). Simon Roberts, Chief Executive of J Sainsbury plc said: “As we go into lockdown in England for the second time this year and restrictions are in place across the UK, we know our customers and colleagues are feeling anxious and we will do all we can to support them. We will continue to grow our portfolio of coalition partners and build our Nectar360 digital media business, We have made good progress with our Financial Services transformation plan and streamlined our product offer. Add Sainsbury (J) plc to receive free notifications when they declare their dividends. shares you hold and we'll calculate your dividend payments: Sign up for Sainsbury (J) plc and we'll email you the dividend information when they declare. Sainsbury (J) dividend history. Shop online at Sainsbury's for everything from groceries and clothing to homewares, electricals and more. Mike Coupe, Chief Executive of Sainsbury's, said: "We are making good progress against the strategy we outlined to shareholders in November 2014. In general, profits from business operations can be allocated to retained earnings or paid to shareholders in the form of dividends or stock buybacks. We also offer a great range of financial services. It credited surging sales at both Argos and Sainsbury's for the move - … Habitat is a strong brand and, by increasing its visibility in Sainsbury’s and Argos stores and online, expanding the product range and making prices more affordable, we have a significant opportunity to grow market share, Tu Clothing has delivered very strong online sales growth and the range is growing both value and volume market share, Nectar gives us a strong competitive advantage, supports our food business and is valued by our customers. “COVID-19 has accelerated a number of shifts in our industry. Tesco, Sainsbury’s and Morrisons have paid dividend s to shareholders even while receiving the state aid. Dividend Definition. Our groceries online business is profitable due to its scale and in-store pick model and we will focus on driving efficiencies to continually improve profitability. We are raising our ambitions and will speed up the pace of change across our business, simplifying our operations and accelerating our cost savings programmes so that we can invest more in food quality, choice, innovation and consistently lower prices for our customers. View recent trades and share price information for Sainsbury (J) plc (SBRY) Ordinary 28,4/7p Key metrics will be: 2 Kantar Total Clothing, Footwear and Acc for 24 weeks to 20 September 2020, Putting food back at the heart of Sainsbury's, THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION (EU) NO 596/2014 (MAR), https://webcasts.sainsburys.co.uk/sainsbury157, https://webcasts.sainsburys.co.uk/sainsbury158, www.about.sainsburys.co.uk/investors/results-reports-and-presentations, Total Retail sales up 7.1 per cent (excluding fuel) with like-for-like sales up 6.9 per cent. Shares closed more than 5% lower despite the company paying a special dividend of 7.3p to shareholders. We have an excellent track record of finding alternative roles for colleagues - for example, where we have moved colleagues from Argos standalone stores to stores in Sainsbury’s supermarkets, we have retained 90 per cent of colleagues. We expect total non-underlying costs of around £625 million to be booked in the current financial year (around £100 million cash), We have lowered prices on over 1,500 products and will go much further. Sales during the first half were stronger than the base case assumptions we outlined in April, particularly at Argos, driving a strong underlying profit increase against a soft comparative base. However, on an underlying basis, Sainsbury’s posted a profit before tax of £301m – reflective of a number of one-off […] The next Sainsbury (J) plc dividend is expected to go ex in 4 months and to be paid in 5 months. We still expect to double profit and returns in our Financial Services business within five years, despite the challenges of COVID-19. We will expand the successful introduction of fresh food prepared on site - such as hot meals, sushi, freshly baked bread and hot coffee - and make more space available for our in-aisle fresh food ranges and food to go. Grocery sales and general merchandise sales have remained strong to date in the second half of the year and we expect Financial Services to return to profit in the second half. We will keep adding more quality and innovation in our aisles. We will deliver delicious, great value food wherever and however customers want to shop with us. 4. Dividend cover. If a stock is valued near, or slightly below the market average, research has shown that the market expects the stock’s dividend to increase. “Sainsbury’s core food strategy (Food First) appears to be a reasonable one, with a joint focus on lowering core prices, product innovation and online fulfilment. We will focus on accelerating product innovation and will bring new and exclusive products to our customers much more often. Capital expenditure will increase over the next three years to fund high-returning logistics and Argos transformation plans. Argos sales have been strong over the past six months and we have gained almost two million new customers as people have re-connected with Argos. We will better align internal and external metrics and targets and will report against these consistently. We have extensive plans in place to deliver these cost savings across the business. We will lower prices on thousands of every day food products, focusing on staple products that our customers buy every day, We will accelerate food product innovation by recruiting more product developers. We expect this new plan to drive an inflection in underlying profit momentum, with pre-tax profits in the year to March 2022 to exceed those reported in the year to March 2020 (which were not impacted by COVID-19). We will fund these investments through simplifying our business and accelerating our cost savings plans and expect underlying profits in the year to March 2021/22 to be higher than those reported in the year to March 2019/201 (which were not impacted by COVID-19). Our Chop Chop one hour food delivery service is now in 15 cities across the UK and our agreements with Uber Eats and Deliveroo will help us to reach even more new customers and serve more shopping missions, Our Net Zero sustainability plan is key to putting food at the heart of Sainsbury’s. Its share price is currently lower than at any time over the last 25 years and appears to be in free-fall. J Sainsbury has increased its dividend payout 5 times over the past 10 years. This will also be paid on 18 December 2020 to shareholders on the Register of Members at the close of business on 13 November 2020. 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