Industrial services group Northbridge proposes 10% dividend rise after strong year

STAFFORDSHIRE industrial services and rentals company Northbridge has recommended a 10% increase in final year dividend after seeing group revenue rise by almost a quarter.

The firm, which hires and sells specialist industrial equipment to a non-cyclical customer base, said that for the year ended December 2012 consolidated group revenue rose 24% to £30.8m (2011: £24.9m). Operating cash flow was up 76% to £8.4m (2011: £4.8m).

It has recommended the dividend increase to 3.575p, raising the total dividend fo... For the full story register now for free or login below...

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