The bathroom supplies group behind the Triton and Johnson Tiles brands is to award a "progressive" dividend to its shareholders after reporting a record year.
Shower and tiles maker Norcros has set its dividend at 10p, up from 8.2p, for the 12 months to March 31, 2022.
The move comes after the Wilmslow-headquartered group posted a revenue of £396.3m, a rise from £324.2m, while its pre-tax profits increased from £18.5m to £33m.
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It also comes after the group completed the acquisition of Grant Westfield for more than £90m.
In a statement issued to the London Stock Exchange, Norcros added it had seen "robust trading" and taken "decisive action" to "counter unprecedented cost inflation and supply chain challenges".
Chairman Gary Kennedy said: "I am pleased to report a record performance for the group.
"Norcros has continued its recovery following the period of exceptional global disruption and uncertainty caused by the Covid-19 pandemic.
"Furthermore, the resilience of the group's business model and strategy has proven once again to be highly effective through a period of unprecedented cost inflation and supply chain challenges."
