News: Tabcorp firms FY profit, eyes higher dividend

.

Tabcorp Holdings Limited (ASX:TAH) has firmed its annual profit and is targeting higher dividends in the year ahead. 

 

The gaming company improved its net profit by 3 per cent to almost $130 million in the full 2014 financial year. 

 

CEO David Attenborough says the strong performance of the company’s wagering business was driven by excellent growth in fixed odds and digital wagering. 

 

Mr Attenborough advises media and international divisions again delivered a positive earnings results despite one-off restructuring charges. 

 

A fully-franked final dividend of 8 cents per share has been declared, taking the full year payout to 16 cents per share.

 

Tabcorp is targeting to increase its dividend payout ratio to 90 per cent of its net profit over the 2015 financial year.