The upward trend has continued this month with underlying annual revenue and profit expected to exceed market expectations this year.
An upbeat trading statement also saw Michelmersh confirm that it will hand back all the £500,000 it received under the government’s furlough scheme.
It added: “The board is pleased to confirm it intends to pay a final dividend in respect of 2020 of 2.25 pence.
“The payment of the dividend will be in June 2021, and thereafter the Company intends to return to its normal dividend timetable of interim dividend payments in January with a final dividend in June.”